Introduction to analytics and business intelligence platforms
When it comes to the business intelligence platform industry, the landscape is one that constantly evolves.
Being agile across all aspects of your business is essential, and the right analytics and business intelligence platform selection can be decisive.
Businesses are looking to streamline their operational models and seeking to enhance the proficiency of their overall business intelligence capabilities.
With this as the driver, the need for business intelligence and analytics platforms becomes ever more central in company plans and strategies.
As the marketplace becomes more crowded and a profusion of vendors roll out enterprise business intelligence platforms, the selection process becomes all the more critical.
In the rapidly evolving landscape of data-driven decision-making, the procurement of a robust Analytics and Business Intelligence (BI) Platform is a critical step.
As businesses aim to leverage their data assets effectively, it is this decision that can be the key to success.
Our expertly researched and carefully compiled Buyer’s Guide is designed and delivered to assist procurers, buyers, and users in the Analytics and Business Intelligence Platforms industry.
We have done industry research that will enable you to identify the most suitable suppliers for your bespoke and specific organisational needs.
Business intelligence platform Buyer’s Guide beneficiaries
Our Business Intelligence and Analytics Platforms Buyer’s Guide is aimed at businesses of all sizes.
If you are looking to implement or upgrade your business intelligence and analytics platforms, our content provides in-depth information to help you make an informed and considered decision.
Whether you are a small enterprise looking to gain a competitive edge or a large corporation aiming to refine your data strategy, our valuable insights can help you select the best business intelligence platforms for you.
Understanding enterprise business intelligence platform requirements
Selecting an enterprise business intelligence platform can be a complicated process, but getting it right matters.
Having a clear understanding of your business needs is key, and below, you will find a few important factors to consider.
Business intelligence platform data integration capabilities
Ensure that the platform can seamlessly integrate with your existing data sources and systems.
Scalability
The chosen solution should be able to grow with your business, handling increased data volumes and user counts without performance degradation.
Business intelligence platform customisation and flexibility
Look for platforms that offer customisable dashboards and reports to meet your unique business requirements.
User-friendliness
Opt for a platform with an intuitive interface that empowers users with varying technical expertise to derive insights.
Business intelligence and analytics platforms security
Given the sensitive nature of business data, robust security features are non-negotiable.
Industry-leading analytics and business intelligence platforms
When evaluating the market, consider the following noteworthy systems and solutions:
- Tableau
- Microsoft Power BI
- Qlik Sense
- SAP BusinessObjects
- IBM Cognos Analytics
- Oracle Analytics Cloud
- SAS Visual Analytics
- MicroStrategy
- Looker (now part of Google Cloud)
- Domo
- TIBCO Spotfire
- Sisense
- Yellowfin BI
- Dundas BI
- Birst
Latest technological advancements in business intelligence platforms
It is important to stay informed of the latest technological advancements in business analytics platforms.
From organisation growth to digital scalability, any advancements can impact your business, making this awareness critical.
Recent innovations include, but are not limited to:
- Artificial Intelligence (AI) and Machine Learning (ML) integration for predictive analytics and automated insights.
- Natural Language Processing (NLP) for conversational analytics and query handling.
- Augmented Analytics to enhance data preparation and insight generation.
- Cloud-based BI solutions offering scalability and remote access.
- Mobile BI capabilities for on-the-go data access and decision-making.
Identifying the best business intelligence platforms
When searching for suppliers, consider their market reputation, customer support services, and the extent of their community or ecosystem.
It is also advisable to request demonstrations and trial periods to assess the platform’s fit with your business processes.
Conclusion
In conclusion, the selection of an analytics and business intelligence bi platform is a strategic decision that requires careful consideration of your business’s unique needs and the capabilities of potential suppliers.
By focusing on integration, scalability, customisation, user-friendliness, and security, and by keeping a focused eye on the latest technological advancements, businesses can make an informed choice that will serve them well into the future.
References
- Gartner Magic Quadrant for Analytics and Business Intelligence Platforms: https://www.gartner.com/en/documents/3984107/magic-quadrant-for-analytics-and-business-intelligence-p
- Forrester Wave™: Enterprise BI Platforms: https://www.forrester.com/report/The+Forrester+Wave+Enterprise+BI+Platforms+Q3+2019/RES144553
- BI Survey: https://www.bi-survey.com/
Please note that the URLs provided are for reference purposes and may have been updated or changed since the time of writing this article.
