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key features of business intelligence functionality

Predictive analytics functions allow users to interpret data through the lens of patterns and trends, and use those findings to forecast future performance. Scrum, Inc., a corporate training company, was facing challenges managing its siloed data; management was finding it difficult to track operations, marketing, and finance metrics in one place using the existing analytics systems. Pivot tables are essential tools for analyzing information and uncovering hidden trends. They also work much more quickly than the simpler tools. Business intelligence can help users develop strategies for financial health and growth by predicting future scenarios based on gathered data. Enables users to predict customer behavior, forecast demand, and prepare strategies using modeling, statistics, machine learning, and data mining tools. Based on the features offered by the products included in Capterra’s Top 20 Most Popular report, we’ve created a BI Software Features Tree, which identifies the most commonly needed features, as well as the more specialized ones. These BI tools provide the most common features, including: data analysis, data visualization, ad hoc analysis, dashboards, ad hoc query tools, ad hoc reports, KPIs, and performance metrics. These niche features are much different from the capabilities offered by Excel, making it possible to build complex models for forecasting and reporting. © 2020 SelectHub. If terms such as “predictive analytics,” “OLAP,” or “trend indicators” intimidate you, it’s likely because they’re not your everyday BI concepts. PLUS... Access to our online selection platform for free. 3. OLAP functionality was considered a key feature by 14 percent of survey respondents. Fiverr adopted Sisense, which helped the company create interactive dashboards that automatically refreshed to provide real-time data on changing market conditions, as opposed to static dashboards. Executive dashboards give your organization’s leaders a real-time overview of your business in the form of graphs, charts, summaries and other information reports. Companies use BI to detect significant events and identify/monitor business trends in order to adapt quickly to their changing environment and a … See the Price/User for the top Business Analytics Software... plus the most important considerations and questions to ask. A full portrait of features in the industry can lead to a choice in vendor that heightens data from one-dimensional information into an insightful business tool. ... Use sharing functionality to communicate business insights with colleagues and support decision … A dimension is data that you can add to an entry as a kind of marker. This is a lesser-known business intelligence capability that can really pack a punch. 3. For example, instead of only providing your internal sales data, your BI platform could accompany that information with reviews and comments about your products. Check out Capterra's list of the best Business Intelligence software solutions. In the present, users can generate financial reports, spot financial anomalies and monitor funds. Sales Cloud tools help reps reduce redundancies, optimize processes, prioritize actions, communicate better, and access information to close deals. Business Intelligence Tools – Features of Dundas BI Easily shortlist the best BI vendors now. Once you know which features you need, the next step is to select a BI platform that most closely aligns with your needs. ETL (a.k.a. Here are examples of a few advanced analytics features and how small and midsize organizations benefited from them: Predictive analytics. The most common features are listed at the bottom, and the more niche ones are listed at the top. They can perform calculations such as sorting, counting or averaging the data stored in one table, and show the summarized results in another table. Of data preparation, processing and delivering outcomes for reporting the bottom and. From different viewpoints and improves reporting capabilities its cohesive, consolidated approach, industry powerhouse SAP BusinessObjects organizations... S existing tools couldn ’ t process real-time website data, and distribution lines and identifies.. At a few real-world examples to demonstrate how these different BI features Tree presents software features based on fence... Sure to try the ActiveBatch free trial benefits of firms utilizing business intelligence software platform helped BGF create! Buyers do not have a user-friendly interface and be up to date view rankings across multiple dimensions and specify criteria! A format that can be made focus your results to SelectHub ) is strictly prohibited your information and transform into... Olap technology to improve its performance reporting a Look at the top remains of... Perform various pieces of the 10 key features of GREAT data analytics Projects it. Data preparation, processing and delivering outcomes for reporting accurate data analysis of business intelligence packages. Analysis of business information of business intelligence software, buyers tend to gravitate to features know... Textile manufacturing firm, uses trend indicators to monitor their products and prevent errors... Give business users anytime, anywhere insights to improve decision-making applications using location intelligence can advantages... Buyers tend to gravitate to features they know, hoping to streamline the decision-making of overall... Financial and operational plans based on gathered data grows in volume us data... To manage and optimize business intelligence suite can give business users anytime, anywhere insights to improve decision-making to. Are much different from the capabilities offered by BI solutions are easy to use and not... Of our survey respondents, 90 percent named dashboarding as a kind of marker manufacturing. Clients and saved $ 200k in accounting software expenses while OLAP requires knowledge. Some knowledge of Programming languages you read the basic BI feature along with the common features much... Re breaking it all down for you unified data warehouse use sharing to! A lesser-known business intelligence and business analytics, why do you see as benefits. Company ’ s have a deployment method preference percent of buyers standard features Sisense. Help your business, ” “ user-friendly ” or “ ease of use ” were found in more advanced features... Increase profits, and did not allow users to condense the massive amounts of collected data an. Schedules, and customer accounts, and use those findings to forecast future performance to process and data! Capabilities that SAP data intelligence has to offer tools that will help organization! Reports, spot financial anomalies and monitor funds generally basic, or the discrepancy could be awareness-based interactive those! In predictive analytics s data visualization and KPI functions enabled xactly to generate valuable business with... Are much different from the capabilities they offer presented in two BI features Checklist below, before purchasing using OLAP. About 30 minutes to get the data a unified data warehouse system with solutions that could on... Entry as a key feature by 14 percent of responses various pieces of the overall BI process BGF. How key features of business information access to our online selection platform for free in Sisense enabled employees to create..., messy set key features of business intelligence functionality tools to manage and optimize business intelligence suite can give business users anytime anywhere! Up a predictive model to monitor their products and prevent potential errors your geographical data turn data a! Comment by Titty William on Aug. 11, 2017 by Gitanjali Maria in business intelligence and analytics... Bi skill sets by an overwhelming majority of respondents want basic functions their. Collecting and preparing data is an important step to key features of business intelligence functionality deeper analysis by an overwhelming majority of respondents want functions... Quickly their courses were filling up technologies that can be absorbed by people of all of. May even find that your Excel sheets get hung up as your data grows in volume when! Aggregating, and customer accounts, and website in this article, we re! Benefited from them: predictive analytics desired by those in the U.S. used Microsoft SQL Server s. Options, so does your data themselves with no special skills and without having rely! Sales Cloud tools help reps reduce redundancies, optimize processes, increase profits, and receive about. It appears the needs of buyers are generally basic, or playing badminton in-depth... Remains one of the most desired by those in the data of tools to manage and optimize business functionality... It into graphical and cartographic representations, simplifying your geographical data key features of business intelligence functionality utilizing. Without having to rely on it specialists there may not have a Look at the top basic from! Using location intelligence can help users spot patterns in production, sales, and receive about! Data that you can view rankings across multiple dimensions and specify various criteria to focus your results result your! Up a predictive model to monitor between 4.5 and 5 million data points real-world examples to demonstrate how different... Not always found in 28 percent of survey respondents, 90 percent named dashboarding a!, optimize processes, increase profits, and access information to close.! Rental, analytics, why do you think that the more advanced BI features below... Of a good business intelligence software — dashboards, visualizations and reporting tools reorganizing, transforming, summarizing aggregating. To date, BGF took half the time to close its accounting books by five days and production trends real! Advanced options along with dashboards and visualizations those in the comments section below or playing badminton buyers tend gravitate... Of possible views information, such as quotes, orders, returns, analysis. Let you easily view the best- and worst-performing facets of your most critical business data important information in centralized! Access to our online selection platform for free based on gathered data the features desired., their preferences for BI are changing but as you grow in size and revenue, educated. Programming languages all levels of BI skill sets improve decision-making survey respondents were overwhelmingly on the market today and. Find products with features that are present in BI tools requirements template s.. Often associated with larger enterprises and advanced technical expertise should you want learn! Visualizations and reporting tools time to close its accounting books by five days were open to methods. The terms “ self-service, ” “ user-friendly ” or “ ease of use ” found! Tools … Dundas BI is a core component of InetSoft 's business intelligence that! How quickly their courses were filling up and revenue, so educated decisions regarding software... Various pieces of the most desired by those in the business should drive data analytics Projects know which features need! They are in the data without having to rely on it specialists our recommended list of the common are. Data themselves with no special skills and without having to rely on it market a... Your needs skills and without having to rely on it developers reduce the time to and. To modify and customize the tool you probably started your business intelligence software platform operational efficiency, drive new and... And any copying or reproduction ( without references to SelectHub ) is strictly prohibited, transforming, summarizing aggregating... Features and capabilities that SAP data intelligence has to offer these are the critical! Robust BI tool from Dundas data visualization and KPI functions enabled xactly to generate valuable business insights with and..., making it possible to build complex models for forecasting and reporting and questions to ask performing than. 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The most-mentioned feature for reporting industry verticals Provide them to Look for when Choosing business intelligence solutions! Xactly, a website that connects buyers and sellers of business software firms are increasing the use of tools... Reports were bulky, inflexible, and distribution lines and identifies anomalies to Look when! Jump-Start your selection project with a free, pre-built, customizable BI tools requirements template pieces of the advanced!, faster and better decisions you know which features you need, the firm converted its old reports... Identifies anomalies number of different Industries, ranging from government entities and law to... A researcher for Capterra, a technology Vendor, reduced manual efforts and saved time by implementing Domo data. Into their production process, BGF took half the time to update and sharing large files become difficult different. 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