Operational Analytics Software

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Learn More About Operational Analytics Software

What is Operational Analytics Software

Operational Analytics software is a special subset of business analytics software that is focused on increasing the efficacy of existing business operations. In particular, this type of business analytics software specializes in providing real-time operational insights to allow businesses to constantly monitor and make quick improvements to day-to-day processes. Operational analytics software also provides visualizations of these insights to increase the ability to understand and act on them efficiently.

Operational analytics software is leveraged by data analysts and similar positions and may be used in tandem with other analytics software such as Business Intelligence, Streaming Analytics, Business Process Management, and IT Infrastructure Monitoring tools. Operational analytics and these other analytics tools contribute to Enterprise Resource Planning (ERP) efforts (and may be included in such software suites).

Operational Analytics Software Features

Common features included in operations analytics platforms include:

  • Proactive Monitoring
  • Data Visualization
  • Graphs & Charts
  • Dashboards
  • Data Modeling
  • Integrations

Operational Analytics Software Comparison

When choosing the right operational analytics software, prospective buyers should be conscious of the technical capabilities of those who will be using the software.

Some products come equipped with a user-friendly interface that non-technical users can easily navigate without any coding skills. Buyers should also be aware of the potential for growth within their company. If a business has significant growth potential, a cloud-based product that is designed to scale up with a company would likely be a better fit.

Security is another important aspect to consider when purchasing operational analytics software. If an organization handles sensitive data, it is imperative that the analytics software come with the ability to encrypt the data and preempt any data breaches.

Pricing Information

Most operational analytics Software vendors do not explicitly list pricing information for their products. Prospective buyers that are interested in purchasing this software will need to get a price quote directly from the vendor based on their particular business needs.

The majority of vendors do offer a free trial version of their products.

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Frequently Asked Questions

What does operational analytics software do?

Operational analytics software provides real-time insights into business operations in order to address any areas where improvements can be made or where problems should be addressed.

What are the benefits of using operational analytics software?

In using an operational analytics tool, users can make informed business decisions based on real-time data. Operational analytics software can also be leveraged to proactively identify and fix certain processes before they become problematic to the business.

What are the best operational analytics software products?

How much does operational analytics software cost?

Pricing is not generally available for operational analytics software products. To get pricing information, prospective buyers will need to get a quote directly from the vendors.