5 Most Used Business Intelligence Tools in 2023

5 Most Used Business Intelligence Tools in 2023

In today's data-driven world, business intelligence (BI) tools have become essential for organizations to gain insights into their data and make informed decisions. The reason behind this is that it’s hard to deal with unstructured and huge amounts of data. This is where business intelligence tools come into play. They help form a structure for the data and get helpful insights about it. With a wide range of BI tools available on the market, choosing the right one can be a daunting task.

Here in this blog, details about the most used BI tools in today’s world for business intelligence consulting services are mentioned:

  1. Microsoft Power BI: As the name suggests, it is a popular and powerful tool from Microsoft. It is an open-source BI tool that has the capacity to prepare data in a structured form for analysis resulting in better business decisions. Without any sort of hurdle, it can merge with other Microsoft products like Excel, PowerPoint, Word, etc. Some of the noteworthy features of Power BI are it is easy to use for new users or non-technical users, it has a strong and interactive community base that shares inputs, which helps to adopt it easily, it helps to form smart visual representations.
  1. Tableau: This tool is also very easy to use because of the inbuilt intuitive interface features and drag-and-drop functionality. This helps to form personalized reports as per requirements. The visual and graphical insights are easily readable and understandable. The major role of every BI tool is to gather data and provide desired results from the data. Tableau is used in varied industrial verticals like banking, education, telecommunication, and more.
  1. Sisense: This tool gathers data from multiple sources, analyze and visualize it, may it be of any size. Data collection and storage are done in a singular database using built in connectors so that it can be accessible for reporting and visualisation needs. Because the data is consolidated, further processing of it takes less time. The dashboard and reports can be shared easily with Sisense.
  1. Sigma: A newly popular tool is Sigma. The query builders and incredibly user-friendly interface have made it simple to access powerful analytical and visualisation features. It also provides some additional functions, like conditional formatting and custom calculations.
  1. Datapine: Datapine is widely used as it is very powerful for analyzing, exploring, and visualizing data. It uses predictive features to gather and analyze data. It has an easy-to-use interface which makes it a reliable tool for non-technical.

    Above mentioned are some widely used BI tools. These tools help in bringing outcomes that give organisations the ability to make better decisions, uncover possible revenue streams in the near future, locate the most recent growth prospects, boost organisational efficiency, understand market trends, and more. Choose the most appropriate tool for your business needs.