Business Intelligence (BI) Tools

Best Business Intelligence (BI) Tools include:

Alteryx Platform, TIBCO Spotfire, Domo, TIBCO Jaspersoft, Looker, Tableau Desktop, Microsoft Power BI, SAP Analytics Cloud, Google Charts, QlikView, Salesforce Einstein Analytics (formerly Wave Analytics), Qlik Sense, SAP Crystal, and SAP BusinessObjects Business Intelligence (BI) Platform.

Business Intelligence (BI) Tools TrustMap

TrustMaps are two-dimensional charts that compare products based on trScore and research frequency by prospective buyers. Products must have 50 or more ratings to appear on this TrustMap.

Business Intelligence (BI) Tools Overview

What is Business Intelligence (BI)?

Business Intelligence tools are designed to make sense of the huge quantities of data that organizations accumulate over time. BI tools analyze this information and present it as actionable information that can guide decision making.

Business Intelligence software (BI) makes up a large heterogeneous category of software. Not all tools in the category can be meaningfully compared to each other. There are several types of BI tools of which the most substantive are Full-Stack Business Intelligence Tools and Data Visualization Tools.

Business Intelligence Tools Features & Capabilities

  • BI Platform Type
  • Supported Data Sources
  • Standard Reporting
  • Ad-Hoc Reporting
  • Report Output and Scheduling
  • Data Discovery and Visualization
  • Access Control and Security
  • Mobile Capabilities
  • APIs / Embedding

Full-Stack Business Intelligence Tools

Full-stack or traditional products are enterprise-level BI tools designed to solve the specific problem of enterprise data silos. Much crucial business data is stored in a range of different data stores, many attached to business applications like ERP. Full-stack BI tools consolidate all data in a data warehouse which is a relational database designed for data mining instead of transactional processing.

Slices of data from the warehouse—usually summary data for a single department like sales or finance—are stored in a “data mart” for quick access. All of this structured data is normalized by using an ETL process (Extract, Transform and Load) whereby transactional data is combined into a single pool of data and then “transformed” into a more appropriate format for querying and analysis before being written in the data warehouse database.

The Full-Stack Business Intelligence TrustMap shows only those products that belong in this sub-category.

Data Discovery and Visualization Business Intelligence

Data Visualization products have a different purpose. These BI tools are primarily designed to help data analysts discover patterns in large quantities of data and to build compelling visual representations which allow these patterns to be easily understood.

These business intelligence tools often use a technology called in-memory analytics to query data residing on a computer’s RAM rather than on a physical disk. This means that the data does not have to be stored anywhere for subsequent analysis.

Data visualization products often have lower cost of implementation and require less support. This can make them good business intelligence tools for small companies that don’t need a full-stack business intelligence solution.

The Data Visualization TrustMap shows only those tools that belong in this sub-category.

Business Intelligence Software Comparison

When considering different business intelligence tools, consider the following aspects of each product offering.
  1. Ease of Use: Some BI tools offer high complexity and customization, but can be difficult for non-technical users. You should consider the technical ability of the staff that will be using the BI tools as well as if you need more complex features.

  2. Compatibility: Many BI tools are not complete, end-to-end solutions. For some organizations, purchasing BI software from multiple vendors may be necessary. If your business needs BI features that aren’t all covered in a single product, be sure to ask venders about integrations and compatibility with other software.

  3. Scalability: Some BI software doesn’t scale up very well as data needs increase. Consider the breadth of data generated by your organization and decide if that amount will stay the same or increase. If your data needs will increase, be sure to choose a BI solution that can handle your expected growth.

Pricing Information

Business Intelligence software is generally quite expensive. However, it’s worth remembering that it is often money very well-spent in terms of significantly improved decision-making.

One of the impediments to understanding pricing is that vendors base their pricing on a broad range of different variables from number of users to number of CPU cores.

However, as a very rough guide, advanced report authoring can cost $2,000 to $2,500 per seat, while interactive report viewing can be about half that amount. Static report viewing can be as little as $50 per seat.

More Resources

Business Intelligence (BI) Products

(1-25 of 204) Sorted by Most Reviews

Pi Dashboard Pi is the vendor's easy-to-use business intelligence dashboard. Interactive dashboards offer a single reporting tool which can show data from multiple sources, enabling any user to visualize and interact with their data in real time, anywhere, on any device. Pi Analytics The vendor says…
PriceComparator offers the ability to analyze your competitors' marketing campaigns. It comes with friendly dashboards that include the ability to model micro-segments of products, channels, geographies, promotions and so on. The vendor says it combines a complete pricing database with advanced pric… from the company of the same name headquartered in Montreal is a market intelligence service which also provides business development analytics for devising a targeting strategy.
Intellicus Technologies headquartered in Los Gatos offers business intelligence dashboards, self-serve ad hoc reporting, and a range of data analytics and reporting features.
Blendo is a cloud or SaaS-based self-service integration platform with robust ETL capabilities and compatibility with a variety of data warehouses. Blendo also allows user control over sync timing and access to historical external data.
Axmor is a custom software development services company focused on providing IT solutions for tech startups and small businesses that require additional expertise across multiple IT fields. They help develop systems, automate business processes, and handle integration with third-party services. Acco…
360factors’ Risk Insight product, Insight360, incorporates internal and external data along with artificial intelligence technology to intelligently predict risks. The vendor claims these insights transform risk management programs into a competitive advantage by delivering information that the comp…
Omni Observer is a content monitoring tool from Hoodin. When the management of information and insights from the outside world are of the utmost importance, Omni Observer allows users to monitor various types of digital content to create reports, and provides users with the most relevant external in…
EzDataMunch is presented by the vendor as a fundamentally different approach to Business Intelligence. With EzDataMunch users explore data from multiple sources using everyday language. Enter queries in a search box to analyze business data and get instant visual answers. Benefits of EzInsights – Sm…
Smart eVision
Smart eVision Dashboard: Executive Dashboard and IoT Monitoring Smart eVision Dashboard provides users with actionable insights from enterprise data. Users can view insights on its dashboard presenter: the Cockpit, which can be exported as interactive PPT files for users to take on the go. It…
Bizintel360 is a cloud-based self-service analytics solution that connects multiple data sources to derive visualizations without any coding. These visualizations help solve business problems by providing insights and root cause identification in a functional process or IT hardware, and machines rel…
Wyn Enterprise
GrapeCity now offers Wyn Enterprise, presented by the vendor as a fully secured enterprise business intelligence software that delivers collaborative self-service reporting & analytics. Wyn Enterprise was released December 2019, as an evolution of the former ActiveReports Server.
Yseop is a Natural Language Generation (NLG) software targeted at Enterprises. Yseop is based on Artificial Intelligence that reasons on data and writes intelligent content in clear natural language at the speed of thousands of pages per second and in multiple languages (English, Spanish, French, Ge…
Oracle Real-Time Decisions
Oracle Real-Time Decisions (RTD) is real-time interaction management software offering from Oracle.
Phrazor summarises data into a few bullet points, highlighting key insights required for decision making. It aims to help enterprises make their reports and insights easier to comprehend by writing a narrative along with each report. With Phrazor, users don't have to spend time analyzing numbers. Ph…
Apteo states their mission is to give every person the tools to become a data scientist. With its Predictive Insights feature, the Apteo platform is designed to help users connect, visualize, analyze, predict, and share data with their teams. Its Predictive Insights feature is a no-code solution for…
Clear Analytics
5 ratings
0 reviews
Clear Analytics is a business intelligence solution that enables non technical end users to perform analytics by leveraging existing knowledge of Excel coupled with a built in query builder. Some key features include: Dynamic Data Refresh, Data Share and In-Excel Collaboration.
Easy Insight
Easy Insight is a business intelligence software offering from Easy Insight.
AccountsIQ-Cloud Accounting Software
AccountsIQ provides a cloud-based accounting solution that is designed to provide users with access to the applications from anywhere in the world. The solution can be used on any internet connected device (with appropriate security and permissions). With this solution, users can facilitate simult…
Oracle Scorecard
Oracle Scorecard is a business intelligence software offering from Oracle.
Flexmonster Pivot Table & Charts Component
7 ratings
0 reviews
Flexmonster Pivot Table & Charts is a component for interactive pivot reports that can be inserted into a web page or a web application. It’s a JavaScript tool that enables a user to visualize their business data. This solution supports Microsoft Analysis Services OLAP cubes, Mondrian, icCube, …
SAP BusinessObjects Design Studio
6 ratings
0 reviews
SAP BusinessObjects Design Studio provides data visualizations for BI apps. dashboards and business intelligence apps.
SAP BusinessObjects Dashboards
SAP BusinessObjects Dashboards provide an easy way to explore insights and test scenarios.
Oracle Analytics Cloud Day by Day
Oracle Day by Day, offered on the Oracle Analytics Cloud, uses business intelligence analytics to provides daily reports and summaries.

Frequently Asked Questions

What problem does business intelligence solve?

Business intelligence tools help to make sense of the enormous quantities of data business have regarding customers, suppliers, and business partners, and help uncover the insights within that data that are vital to winning in the marketplace. Business intelligence is an umbrella term for various methods of collecting and analyzing this data to help organizations make data-driven decisions.

What are data discovery and visualization products?

Data discovery and visualization products are primarily designed to help data analysts and business users discover patterns and outliers in large quantities of data, and to build compelling visual representations which allow these trends and patterns to be easily understood. Commonly available visualizations include charts, graphs, and maps.

What is embedded business analytics?

Embedded analytics is the integration of BI capabilities directly into a business application or portal. The idea is to provide analytics that are contextual. In other words, analytics tools are available directly within whatever business application is being used at a given moment, whether it be Salesforce, an ERP system, or a marketing automation tool.

What is augmented analytics?

Augmented analytics is a term used to denote the use of machine learning and natural language processing to automate insights into datasets generated by analytics and BI tools. Today, many well-known BI platforms have built-in capabilities to automate data preparation and detect some correlations and anomalies in large data sets. The ultimate goal is for this technology to be capable of analysis and even insight generation and action plan generation.

What is the difference between business intelligence and data science?

Both business intelligence and more recent technologies like data science are predicated on gaining business insight based on data analysis. The primary function of BI tools is to explore past trends in a business’s historical data and compare data across time. Data science tools, on the other hand, use algorithms to understand and predict a business’s future performance. Data scientists build data models to try to answer questions or discover predictive patterns in huge volumes of data.