Businesses worldwide are aggressively investing in big data strategies in order to gain the necessary insights for their survival and growth in a highly competitive marketplace.
By using cutting-edge business intelligence (BI) and analytics solutions, enterprises can exponentially optimize their sales, operations and customer experience for sustainable growth.
BI tools provide a visual and easy interpretation of key metrics to help executives make the best decisions in record time.
Global Market Trend
2018 has witnessed the implementation of BI at an incredible rate in analysis and reporting, predictive analysis and performance management.
As reported by Stratistics MRC, the BI global market will reach $29.48 billion by 2022 and will show a CAGR equal to 11.1%. The growth is due to an extensive adoption of data analytics, an increased use of data in the decision-making process and the integration of cloud technologies in business operations.
Although the continuous innovations in technology mean what’s working today may need adjustment tomorrow, we’ll break down the top BI and analytics tools for 2018, their market share and why your current systems may be obsolete.
Gartner’s matrix for Analytics and BI platforms identifies Microsoft, Tableau, and Qlik as leading platforms maxing out on completeness of vision and execution.
The 2018 Business Intelligence Market Guide published by Robert Walters PLC shows that in the UK 51% of professionals use Microsoft as their primary dashboard platform, 20% use Tableau and 14% use QlikView, the remaining being spread out between Oracle and SAP Business Objects.
Microsoft’s Power BI
Microsoft’s Power BI platform integrates a scalable self-service analytics model which guarantees exponential growth to businesses worldwide. It’s a downloadable software with a 60 day trial period which allows cross-talk with various other Microsoft apps, and sources including Oracle and Sybase resulting in the almost instant production of relevant data analysis reports.
BI Power stands out from the crowd by providing high value to customers through a comprehensive study of analytics, centralized management, scalability, and strong security. Users can design, study and publish insights through a versatile and user-friendly architecture which use Microsoft and other vendors’ apps for efficient implementation.
The self-service analytics offers superior agility in the deployment and distribution of Business Intelligence content, which exponentially increases organizations’ efficiency levels. Power BI guarantees global scalability of any BI content due to its adaptable framework. The platform integrates strong security algorithms and allows for compliance and certifications in various business sectors.
- 60 days free trial of the basic Power BI app which allows for testing;
- Interactive and user-friendly interface with real-time data feeds;
- Various methods of sharing dashboards and reports offered by its flexible architecture;
- The responsive platform which can be used across the web, mobile and desktop versions;
- Multiple data feed sourcing techniques including cloud services, streaming data, excel sheets and other vendor’s apps such as Azure or SQL Server;
- Simple and easy-to-read API;
- Extensive built-in collection of visuals and customization possibilities.
Tableau’s software can be accessed through 3 channels including Tableau Server, Tableau Desktop and Tableau Online. The BI platform connects to multiple data sources and is available in both cloud and on-premise versions. Users can share and visualize data with Tableau Public through the rooted analytics capabilities.
Tableau uses visualization methods to interpret analytics. You can create and share interactive dashboards which highlight market dynamics, trends, data densities through efficient visuals.
Tableau can connect to multiple sources and file formats including CSV, XML, JSON, MS Excel, data systems such as MySQL, MongoDB, and PostgreSQL or cloud platforms including Oracle Cloud, Azure, AWS or Google BigQuery.
This BI application features an efficient data blending capability and real-time collaboration which makes it a unique and highly performant BI platform for both commercial and non-commercial use.
When it comes to sharing reports, Tableau offers users three options including email through Tableau Reader, publishing on the Tableau Server and by openly distributing a Tableau workbook with access through a targeted link.
– Advanced sharing capabilities through Tableau Reader, Tableau Server, and open Tableau Workbook;
– Extensive data sourcing abilities from various files and systems;
– Databases can be mapped out in collaboration with R Excellent;
– Rich visualization library including charts and clouds which provide a user-friendly and highly flexible interface.
Qlik: BI and Analytics
Qlik provides a wide range of BI and analytics apps, including Qlik Sense (Enterprise and Cloud) and Qlik View.
Qlik Sense integrates analytics dashboards and apps, custom and fixed analytics, self-service and optimized visualization within a scalable architecture. It’s available in 3 versions including Qlik Sense Desktop, Qlik Enterprise, and Qlik Cloud.
Qlik Sense guarantees data discovery and visualization which help enterprises explore and study complex datasets. The user-friendly, drag-and-drop interface allows users to design interactive and dynamic visualizations to create a data storyline.
Qlik Sense centralizes and publishes data which can be accessed by the enterprise’s users for further analysis and interpretation. The platform can source data from various systems including IBM DB2, SQL Server, Sybase, Oracle or Cloudera Impala.
On the other hand, Qlik View targets the user as the recipient of your data. They can explore and study your data just as developers would during the processing data stage. The platform maintains data association even if the sources applicable to the search queries are disconnected.
The dashboard is incredibly flexible and allows for increased customization of each and every object/ aspect. Through the Extract, Transform, Load (ETL) Engine you can perform efficient data cleansing operations to maintain a streamlined performance of the app.
– Multiple customization options which allow for a specific design of the dashboard;
– Automatic data association without the need for pre-configuration by the user;
– Uses the server’s RAM to store data inputs for different users which allows for swift queries and data exploration;
– Superior compression capacities down to 10% of the files’ original sizes.
Agility & BI go together
To survive in today’s ever-growing and competitive business environment, enterprises must integrate agility into their core business model.
In case you’re facing challenges in usability, security and technological performance of your BI systems, it’s time for a change.
Traditional reporting tools such as Excel are now being replaced with top-notch BI and analytics apps which provide self-service dashboards for data visualization and optimization of decision-making processes.