Top 54 Business Intelligence Software

2022's Best 54 Business Intelligence Systems

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1. Qlik Sense

  • Best for: SMBs
  • Price: starts at $30 per user/month
  • Nov 09, 2022
Compare Qlik Sense Vs. Qlik Sense

QlikView is cloud-based data management & analytics system that is built to help users transform their entire business. The software offers four integrated modules namely; BI & Analytics platform, Embedded Analytics, Enterprise data management, and Developer resources.


2. SuiteAnalytics

  • Best for: Small, medium and large size businesses
  • Price: starts at $499 per month + $99 per user
  • Mar 09, 2022
Compare SuiteAnalytics Vs. Qlik Sense

NetSuite Analytics is a software solution that provides clients with real time BI or business intelligence for analysis and reporting, enterprise planning, e-commerce, customer relationship management or CRM, and all this with real-time dashboard data. The software uses cloud to give users a real-ti...


3. Sisense

  • Best for: Small, medium and large size businesses
  • Price: starts at $83 per employee/month
  • Mar 09, 2022
Compare Sisense Vs. Qlik Sense

Sisense is a business analytics software used for business intelligence. Main functions include information collection, analysis, organization and producing reports. The users of this software have the benefit of selecting the data that they would want to analyze. You dont have to be an IT guru to u...


4. IBM Cognos Business Intelligence

  • Best for: Medium and large size businesses
  • Price: starts at $10 per user/month
  • Mar 12, 2022
Compare IBM Cognos Business Intelligence Vs. Qlik Sense

IBM Cognos Business Intelligence is a growing cloud-based BI software, it is designed to support medium and large size business. IBM Cognos Business Intelligence received a rating of 4.1 from ITQlick team. The software cost is considered average (3.8/5) when compared to other solutions in their c...


5. Birst

  • Best for: Medium and large size businesses
  • Price:
  • Nov 17, 2022
Compare Birst Vs. Qlik Sense

Birst is a Business Intelligence and analytics platform for medium to large businesses. Its key features include ad hoc reporting, charting, data import and export, visual analytics, customer service analytics, and more.


6. Balanced Scorecard

  • Best for: Small, medium and large size businesses
  • Price: starts at $125 per user/month
  • Mar 12, 2022
Compare Balanced Scorecard Vs. Qlik Sense

Balanced Scorecard is a cloud-based and on-premise strategic planning & management system tailored for small size and medium businesses. The software helps organizations to communicate their goals, align their daily work with strategy, prioritize products, projects, and services, as well as measure ...


7. BioIntelli

  • Best for: SMBs
  • Price:
  • Mar 13, 2022
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BioIntelli is a cloud-based business intelligence solution that provides proprietary algorithms for big data analysis to businesses. The target customers of this product are the small business and mid-sized businesses.


8. Enterprise Edition

  • Best for: Large business
  • Price: starts at $150 per license
  • Mar 12, 2022
Compare Enterprise Edition Vs. Qlik Sense

Enterprise Edition is a cloud-based Business Intelligence software that enables its users to manage receipt and despatch stocks through a spreadsheet and manual control.


9. SAP Predictive Analysis

  • Best for: Start up, Small business, Medium business, Large business
  • Price:
  • Mar 14, 2022
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SAP Predictive Analysis is an on-premise data mining, statistical analysis, and predictive analytics system that helps the users to unearth hidden insights within their data. The extracted data is then used to make precise predictions regarding futures events in the business and the market.


10. SAP NetWeaver Business Warehouse

  • Best for: Medium and large size businesses
  • Price:
  • Mar 15, 2022
Compare SAP NetWeaver Business Warehouse Vs. Qlik Sense

SAP NetWeaver BW is an integrated, cloud-based business intelligence software that offers data management and data warehousing tools designed for businesses of all sizes. The software enables businesses to pool together and format huge quantities of business data using an enterprise data warehouse.


Pricing Guide - Business Intelligence Software:

Business Intelligence Tools Price Range

For business intelligence software, the price sits around $3,000 per year for a user. However, it is worth noting that this price range is associated with the medium offering or package from each software vendor; in essence, it is suitable for small & medium-sized businesses. More robust offerings have volatile pricings that are adjusted to suit large businesses.

Users are expected to pay between $10 to $75 for a single user account, depending on the offering level. Examples are Prisync pricing is priced at $60 per month, ClearView InFocus, which costs $25 monthly, and SEMRush pricing sit around $100 monthly. However, SAP Business Objects costs $14,000 per year but includes 10 user accounts.

Additionally, business intelligence software can be targeted at SMBs or large-sized businesses. However, there are others that are meant for any business size. The software that is apt for each business size and their prices are as follows:

  • Small Businesses can expect to pay between $10–$50 monthly for a single account business intelligence software. For BI software that includes multiple accounts, they can expect to pay between $300–$500 per month. However, some other vendors like Britix24, Manage Engine Analytics Plus, and BI360 offer their low-end package free for small businesses, although with limited features. Some BI software for small businesses are Competitors App, which costs around $7 per month, KlipFolio $50 monthly, and AnswerDock $20 per month.
  • Medium Businesses can expect to pay between $50–$500 for a business intelligence software, depending on the number of accounts on each offering. For instance, Tableau pricing costs $70 for a single account, while Funnel and CYS cost around $500 and $300 respectively for pre-set multiple accounts.
  • Large Businesses can expect to pay $500–$10,000 for BI software packages that include a large workforce and around $60 for a single account. For instance, Prisync ultimate package costs around $300 monthly per user but allows only a minimum of 10 accounts, which amount to $3,000. Also, ArcGIS costs $1,500, and IBI is priced around $150 per month.

The price range for BI best of breed are as follows:

  • Reporting Software This subcategory of BI software has a price that ranges from $10 and $45, depending on the offering level. For example, Agent360 Marketing Reporting pricing starts from $80 per month for 5 users, Syncfusion Bold Reports costs $200 per month for 5 users, Germain APM cost up to $30 per day based on APM unit.
  • Data Visualization Software The price for software in this category ranges from $10 to $50 per user monthly. On the other hand, some others are completely free to use. Google Charts, for example, comes at no fee. However, software like Qlik Sense costs $15 per month per user, while Power BI costs more than $10 monthly per user.
  • Dashboard Software Dashboard software pricing is usually divided into three tiers, which range from $9 to $12, $12 to $27, and above $30, respectively; the price is usually set based on the number of dashboards made available in a month. Some dashboard software with this similar price are Cluvio, which costs $280 for 50 dashboards monthly, Microsoft Dynamics 365, which costs $190 monthly per user for a number of dashboards. Others are iClassPro = $130 and ThortSpace = around $10 monthly per user.
  • Risk Management Software Many products in this category are priced on a yearly basis, which, in many cases, may be per user. They can also be divided into three categories, of which the lowest offering range from $70 to $400, medium offering from $400 to $10,000, and the ultimate package from $10,000 upwards. Some products have monthly pricing regardless; for example, Goat Risk, which costs $15 per user, and OneSoft Connect, which costs around $6 per user. An example of a product with yearly pricing is Analytic Solver, which costs $250 per user. Lastly, some risk management software have one-time fees, like IsoMetrix, which costs $34,000 for a buyout.
  • Embedded Analytics Software The pricing for embedded analytics software is often divided into three tiers, usually to suit small businesses, medium businesses, and large businesses. The price ranges from $10 to $15, $15 to $325, and above $325 for each respective tire. Stratifyd is an embedded analytics software with yearly pricing of $1,000 per user. Others are GoodData, which costs $2,400 per year, INFRAGISTIC Reveal, which costs around $10 per user per month.

11. Entrinsik Informer

  • Best for: SMBs
  • Price:
  • Mar 20, 2022
Compare Entrinsik Informer Vs. Qlik Sense

Informer by Entrinsik is a cloud-based business intelligence solution that is designed for IT and business professionals. The solution core features include data scheduling, a dashboard, and analysis & report generation. Entrinsik Informer enables the user to extract data in real time from multi-val...


12. Tableau Desktop

  • Best for: SMBs
  • Price: starts at $70 per user/month
  • Apr 22, 2022
Compare Tableau Desktop Vs. Qlik Sense

Tableau is a cloud-based integrated business intelligence and reporting solution designed for small, midsize and large businesses. The solution helps the user analyze the critical business data as well as generate useful insights.


13. Tableau

  • Best for: Small, medium and large size businesses
  • Price: starts at $15 per user/month
  • Apr 21, 2022
Compare Tableau Vs. Qlik Sense

Tableau is a family of data visualization software designed for business intelligence that includes Tableau Desktop, Tableau Online, Tableau Server, Tableau Public and Tableau Reader. The Tableau suite is intended for viewing and understanding business data through interactive data visualization. ...


14. SEMrush

  • Best for: Medium and large size businesses
  • Price: starts at $119.95 per month
  • Mar 23, 2022
Compare SEMrush Vs. Qlik Sense

SEMrush is an SEO and site optimization solution for personal and commercial use. It also offers various keyword search, link management and competitive analysis services. It was designed and launched by SEMrush headquartered in Pennsylvania, United States.


15. SAP Analytics Cloud

  • Best for: Small, medium and large size businesses
  • Price: starts at $22 per user/month
  • Apr 12, 2022
Compare SAP Analytics Cloud Vs. Qlik Sense

SAP Analytics Cloud is a growing cloud-based BI software, it is designed to support small, medium and large size business. SAP Analytics Cloud received a rating of 4.3 from ITQlick team. The software cost is considered affordable (1/5) when compared to alternative solutions.


16. Datameer Analytics Solution

  • Best for: Start up, Small business, Medium business, Large business, Private use
  • Price: starts at $300 per license
  • Mar 22, 2022
Compare Datameer Analytics Solution Vs. Qlik Sense

Datameer is a Business Intelligence and data analysis software for small to large businesses. Its key features include data integration, data visualization, dynamic data management, open infrastructure, pre-built application, and self-service analytics.


17. Salient

  • Best for: Small, medium and large size businesses
  • Price: starts at $60 per license
  • Mar 22, 2022
Compare Salient Vs. Qlik Sense

Salient Software is a cloud-based performance management and business analytics software designed for midstream organizations. It features midstream KPIs, BI Accelerators and MLP reporting packages and more.


18. Hadoop HDFS

  • Best for: SMBs
  • Price: starts at $1,000 per license
  • Jun 01, 2022
Compare Hadoop HDFS Vs. Qlik Sense

Apache HDFS is a business intelligence software that assists companies in sharing large files across various computing systems.


19. Amazon Repricing

  • Best for: Start up, Small business
  • Price: starts at $64 per account/month
  • Mar 18, 2022
Compare Amazon Repricing Vs. Qlik Sense

Amazon Repricing is a web based pricing optimization and analytics solution for businesses of all sizes. It helps in understanding pricing trends and offers business intelligence, in addition to other services. The software was designed and launched by Feedvisor LTD headquartered in Tel Aviv, Israel...


20. DBMoto

  • Best for: Small, medium and large size businesses
  • Price: starts at $6233.50 per license
  • Apr 13, 2022
Compare DBMoto Vs. Qlik Sense

DBMoto is a real-time data replication and capturing solution for businesses of all sizes. Its capabilities include data conversion, real-time data access, data migrations, and others. The software was designed and launched by HiT Software Inc headquartered in California, United States.


21. Lawson S3

  • Best for: Start up, Small business, Medium business, Large business
  • Price:
  • Apr 12, 2022
Compare Lawson S3 Vs. Qlik Sense

Infor Lawson S3 is a supply chain management solution for businesses of all sizes. It offers such services as inventory management, warehouse management, sourcing, and others. The software was designed and launched by Infor headquartered in New York, United States.


22. RJMetrics

  • Best for: SMBs
  • Price: starts at $500 per month
  • Jun 01, 2022
Compare RJMetrics Vs. Qlik Sense

Adobe Commerce is a cloud-based, Software as a Service Business Intelligence and analytics platform that targets decision-makers including CEOs, product managers, and performance marketers. It helps companies to acquire, retain and convert more customers.


23. Microsoft BI

  • Best for: Start up, Small business, Medium business, Large business
  • Price: starts at $9.99 per user/month
  • May 22, 2022
Compare Microsoft BI Vs. Qlik Sense

Microsoft BI is a business intelligence solution that can help users to analyze data in an efficient way. The software is based on SQL server platform and can provide relevant reports without requiring any expensive IT support. Users can get access to the necessary data at the right time and make in...


24. Hindsite Software

  • Best for: Start up, Small business, Medium business, Large business
  • Price: starts at $102.99 per month
  • Jun 11, 2022
Compare Hindsite Software Vs. Qlik Sense

Hindsite Software is an on-premise field service software that helps its users monitor outdoor services and field services that would require people to work on. It automates the processes of monitoring the fields.


25. FME

  • Best for: Small, medium and large size businesses
  • Price: starts at $3,000 per license
  • Jun 08, 2022
Compare FME Vs. Qlik Sense

FME is a cloud-based as well as on-premise data transformation and business intelligence software. FME offers services including but not limited to spatial analysis, image exploring, and labeling.


26. Hyperion Essbase

  • Best for: Small, medium and large size businesses
  • Price: starts at $9,995 per license
  • Jul 13, 2022
Compare Hyperion Essbase Vs. Qlik Sense

Oracle Essbase, which was previously known as Hyperion Essbase, is a cloud-based online analytical processing (OLAP) server software solution. The software provides its users with a platform and environment for developing tailored analytic and performance management applications which can be used to...


27. Address Doctor Web Services

  • Best for: Small, medium and large size businesses
  • Price:
  • Apr 04, 2022
Compare Address Doctor Web Services Vs. Qlik Sense

Address Doctor Web Services is cloud-based and an on-premise business intelligence software that is suitable for use in a small and medium-sized business. Address Doctor Web Services provides users with various financial and accounting information that shows them the progress of their business in re...


28. BizInsight Excel Suite

  • Best for: Small, medium and large size businesses
  • Price: starts at $20 per month
  • Jul 13, 2022
Compare BizInsight Excel Suite Vs. Qlik Sense

BizInsight Excel Suite is a cloud-based Business Intelligence (BI) solution that offers users drill-down and data analysis capabilities. Some of its core modules include BizCloud, BizConnect and BizBroadcast, and more.


29. Longview Performance Measurement

  • Best for: Start up, Small business, Medium business, Large business
  • Price:
  • Aug 23, 2022
Compare Longview Performance Measurement Vs. Qlik Sense

Longview Performance Measurement is a cloud-based and on-premise business intelligence software that is suitable for all users. It can be used by businesses of all sizes as well as individuals to perform their data analytics.


30. Microsoft Power BI

  • Best for: Small, medium and large size businesses
  • Price: starts at $9.99 per user/month
  • Aug 31, 2022
Compare Microsoft Power BI Vs. Qlik Sense

Power BI is a web-based data visualization and business analytics that is designed for businesses of all sizes. Microsoft Power BI tracks the vital organizational data. The solution offers tools that quickly analyze, visualize, transform and share reports. Some of its core features include SQL Analy...


31. SailPoint IdentityIQ

  • Best for: Small, medium and large size businesses
  • Price: starts at $75,000 per license
  • Aug 18, 2022
Compare SailPoint IdentityIQ Vs. Qlik Sense

SailPoint IdentityIQ is a cloud-based identity and access management software solution. The software offers various services to businesses such as analytics, business intelligence, compliance, password management, and many more. It ensures all the applications and data are secure.


32. Vertica Analytic Database

  • Best for: Small, medium and large size businesses
  • Price:
  • Aug 18, 2022
Compare Vertica Analytic Database Vs. Qlik Sense

Vertica Analytic Database is a cloud-based database management solution. With the hybrid in-memory architecture, the software offers real-time loading and querying. The software also provides proactive analysis of workload, query stream, schema, as well as any other statistics.


33. Excel4apps

  • Best for: Small, medium and large size businesses
  • Price: starts at $2,000 per license
  • Aug 31, 2022
Compare Excel4apps Vs. Qlik Sense

GL Wand is an on-premise business intelligence solution that is designed for businesses of all sizes including small-sized businesses, medium-sized businesses, and large enterprises. With the solution, businesses can have all their business automated from inventory management, managing sales, and r...


34. datapine

  • Best for: SMBs
  • Price: starts at $249 per user/month
  • Aug 31, 2022
Compare datapine Vs. Qlik Sense

Datapine is cloud-based and on-premise business intelligence software that is easy to use and is designed for non-technical users. Datapine can work in businesses of all sizes, starting from small-sized companies, medium-sized companies, and large enterprises. Users can have centralized control of t...


35. Actuate BIRT

  • Best for: Small, medium and large size businesses
  • Price: starts at $57 per month
  • Apr 17, 2022
Compare Actuate BIRT Vs. Qlik Sense

OpenTexts BIRT Analytics is a cloud-based (BI) business intelligence solution designed to help businesses of all sizes across various industry verticals. The software assists the user processes as well as analyzes data while they maintain the necessary data processing speed.


36. Adaptive Discovery

  • Best for: Small, medium and large size businesses
  • Price: starts at $15,000 per license
  • Oct 03, 2022
Compare Adaptive Discovery Vs. Qlik Sense

The Adaptive Discoveryis a business intelligence/BI software offering users with corporate performance in terms of data management with their data analytics, reporting and dashboards


37. ColdLight

  • Best for: Medium and large size businesses
  • Price:
  • Apr 17, 2022
Compare ColdLight Vs. Qlik Sense

ColdLight is a cloud-based business intelligence solution that is designed for use in businesses of all sizes starting from small-sized businesses, medium-sized businesses and large enterprises. The solution helps to automate all the business processes and comes in a suite, which entails various fun...


38. Helical Insight

  • Best for: Small businesses and start ups
  • Price: Has a free version
  • Oct 18, 2022
Compare Helical Insight Vs. Qlik Sense

Helical Insights is a web-based Business Intelligence software that allows managers to interact with organizational data using Machine Learning and NLP (Natural Language Processing).


39. coresuite cube

  • Best for: Small, medium and large size businesses
  • Price:
  • Nov 05, 2022
Compare coresuite cube Vs. Qlik Sense

Coresuite Cube is an enterprise resource planning solution for businesses of all sizes. It offers streamlining of financial and inventory data and provides useful analytics. The software was designed and launched by Coresuite AG headquartered in Switzerland, United States.


40. Akamai Intelligent Platform

  • Best for: Small, medium and large size businesses
  • Price: starts at $400 per month
  • Nov 05, 2022
Compare Akamai Intelligent Platform Vs. Qlik Sense

Akamai Intelligent Platform is a cloud computing solution for businesses of all sizes. It blocks security threats and provides device-level optimization, among other services. The software was designed and launched by Akamai Technologies headquartered in Massachusetts, United States.


41. SAS Visual Analytics

  • Best for: Medium and large size businesses
  • Price: starts at $8,000 per year
  • May 15, 2022
Compare SAS Visual Analytics Vs. Qlik Sense

SAS Visual Analytics is a seamless business intelligence/BI software that facilitates visual exploration of data and its analytics that are vital to the growth of the company.


42. Servigistics

  • Best for: Medium and large size businesses
  • Price:
  • Nov 11, 2022
Compare Servigistics Vs. Qlik Sense

PTC Servigistics is a web based field service management solution for businesses of all sizes. Its capabilities include scheduling and routing, work order management, reporting, and others. The software is a product of PTC Inc headquartered in Massachusetts, United States.


43. Avalara advanced sales tax

  • Best for: SMBs
  • Price: starts at $19 per month
  • Nov 05, 2022
Compare Avalara advanced sales tax Vs. Qlik Sense

Avalara advanced sales tax provides fully detailed reports that are easily accessible, while returns are automatically pre-populated and generated. It only takes a few minutes to download and install. Also, each organization has its own profile which includes setting up nexus, taxability codes,...


44. BIME Analytics

  • Best for: Small, medium and large size businesses
  • Price: starts at $490 per month
  • Nov 11, 2022
Compare BIME Analytics Vs. Qlik Sense

BIME delivers a simple-to-use yet powerful data analysis and dashboarding cloud platform accessible everywhere that enables modern organizations to explore, understand and communicate data with style.


45. Dundas BI

  • Best for: Small, medium and large size businesses
  • Price: starts at $4738.70 per month
  • May 21, 2022
Compare Dundas BI Vs. Qlik Sense

Dundas BI is a cloud-based data visualization and business intelligence solution designed for all company sizes across multiple industry verticals. The core features including reporting, self-service analytics, integrated dashboards and more.


46. Coseer

  • Best for: Medium and large size businesses
  • Price:
  • May 24, 2022
Compare Coseer Vs. Qlik Sense

Coseer is a cloud-based Business Intelligence software that enables business owners to track real-time actionable insights through a wealth management system.


47. Tellius

  • Best for: Small, medium and large size businesses
  • Price: starts at $495 per 5 users/month
  • May 24, 2022
Compare Tellius Vs. Qlik Sense

Tellius is a cloud-based Business Intelligence software that assists analysts in deriving key business behavior drivers using natural language.


48. Inova Performance Tracker

  • Best for: Start up, Small business, Medium business, Large business
  • Price:
  • May 18, 2022
Compare Inova Performance Tracker Vs. Qlik Sense

Inova Performance Tracker is a web-based call center dashboard that can help users to track their call center performance. The solution provides real-time data and empower contact center professionals to take informed strategic decisions and adjust their plans if needed. Inova Solutions,...


49. Skookum Digital Works

  • Best for: Medium and large size businesses
  • Price:
  • May 16, 2022
Compare Skookum Digital Works Vs. Qlik Sense

Skookum Digital Works (SDW) is a business intelligence software solution for businesses of all sizes. Its capabilities include process automation, BI integrations, compliance management, and others. The software was designed and launched by Skookum Inc headquartered in North Carolina, United States....


50. ADONIS BPM

  • Best for: Medium and large size businesses
  • Price: starts at $99 per month
  • May 25, 2022
Compare ADONIS BPM Vs. Qlik Sense

ADONIS BPM is a business process management solution for businesses of all sizes. It offers such services as designing and documentation, scenario planning, communication, and others. The software was designed and launched by BOC Information Technologies AG headquartered in Austria.


51. Scout - Business Intelligence

  • Best for: Small, medium and large size businesses
  • Price:
  • Jun 10, 2022
Compare Scout - Business Intelligence Vs. Qlik Sense

The Scout - Business Intelligence is a BI and data analytics software that works to leverage the claims data enabling. It also assists users in the development and execution of informed growth initiatives.


52. MammothDB

  • Best for: Small, medium and large size businesses
  • Price: starts at $2,400 per license
  • Jun 10, 2022
Compare MammothDB Vs. Qlik Sense

The MammothDB offers users with business friendly tool in the management, preparation and analysis of the relevant of the data.


53. Cyclr

  • Best for: Small, medium and large size businesses
  • Price: starts at $899 per month
  • Jun 10, 2022
Compare Cyclr Vs. Qlik Sense

Cyclr is a cloud-based platform that works to transform applications (that are cloud-based also) into connected workflows without the need for codes. Users can connect other business applications into a unified workflow for simple and easier access.


54. Commander BI

  • Best for: Small, medium and large size businesses
  • Price: starts at $36 per user/year
  • Jun 10, 2022
Compare Commander BI Vs. Qlik Sense

Commander BI of AgilQuest is a software that provides users with business intelligence for their workplace. It has the full capability of summarizing, analyzing and reporting data from desks and meeting rooms.



A Buyer's Guide to Business Intelligence Solutions

BI & Analytics Buyer’s Guide
 
The acquisition of Business Intelligence (BI) software is a huge investment for any company or corporation. Ranging from around $100K up to more than $10M in software price alone, software that could analyze business big data to better understand the SWOT (strength, weaknesses, opportunities, and threats) of an organization definitely requires an intelligent purchasing decision. This BI Buyer’s Guide from ITQlick.com will walk you through the different angles of BI and give you some insights on how to acquire and implement BI software into your organization efficiently and effectively.
 
Also known as the decision support technologies, BI is consisting of the tools, systems, and processes that helps a business on its decision-making process related to marketing, product development, customer management, supply chain management, and the overall business planning in general. Dashboards and reports that talks about the performance of your business in real-time are just some of the key features a future BI buyer like should carefully scrutinize in a Business Intelligencesolution.
 
Types
Data mining, text analytics, web analytics, real-time monitoring, predictive analytics, and cloud data services are the technologies running behind BI. These technologies eliminate the hassles and dilemmas brought about by using legacy systems, manual spreadsheets, multiple accounts, and traditional periodic reporting. BI basically has five known categories that a buyer like should dig deeper into together with your management team. Let’s review them in brief.
 
Real-time
BI that is based on dashboards, with alert features, that can be modified by human users.
 
Tactical
Task-oriented BI ties the operational application with the system, also via the dashboard. It can be customized either as fully or semi-automated.
 
Investigative
Also launched from a dashboard, this BI has the flexibility to further drilldown or dig deeper into data to gather more specific information.
 
Traditional
Most companies are using the traditional enterprise-wide and departmental BI, also dashboard-based, but with features that are already lagging with technological innovations.
 
Third-party BI
Third party BI, like Google Analytics, is designed for a single purpose – measures website performance.
 
 
Features
BI software like of the Oracle’s Fusion Edition is not a one-size-fits all system. This edition is segmented into various analytics versions - CRM, ERP, Telecom, Financial Services, Insurance, Life Sciences, Consumer Goods, and Public Sector. The segmentation equates to specific BI solutions designed for specific application and as clearly enumerated, base on the industry that will utilize it.
 
Having highlighted this segmentation, almost all modern BI solutions have common features that characterized BI as a real intelligent application software. Let’s run over them one by one.
 
Executive dashboards
Real-time charts, pie graphs, meters, and time tables are what best describes a BI dashboard. Characterized by easily understood real-time data, a dashboard that can be personalized by business executives is one of the most important features to examine in any BI solution.
 
Location Intelligence
A geographical map showing the sales statistics per region is more than a Google Map with geotags. Data presented base on where they are as they happen is one of BI’s innovative features.
 
Analysis
It’s more than playing with the data. BI software enables business to formulate strategies base on the available data before a decision is made. The capability of BI to know in advance whether a business move will be feasible or not is a feature of precision and accuracy analysis.
 
Interactive reports
Three dimensional reports that can be scrolled down, maximized, and interact with is a powerful feature of most BI software. Reports that are converted to digestible knowledge support better decision-making process.
 
Metadata layer
Metadata layers are data in simplified business language form. Users of BI system can see and access data without the need for coding or programming. This BI feature is about the simplicity in understanding and interacting with business data.
 
Ranking reports
More than the Excel pivoting function is what a BI can do. Ranking reports feature allows you to customize reports that order specific categories of information.
 
Social Collaboration
Discussing the figures in a certain report in real-time is BI’s social collaboration feature. Equipped with collaboration and communication platforms, that’s business software most employees would want to love using.
 
Solutions per Business Size, per Vendor
Researching for the niche players, challengers and leaders in the BI market would be helpful in narrowing down your search for the right solution. An excellent source of information for the right software solution is ITQlick.com. With over 6700 listed business software on their website, you can definitely find what you’re looking for in BI software. They have their software experts to assess you business case and then recommend the right BI solution. Here’s an overview of what ITQlick.com has researched for you.
 
Among of the 2013 BI leaders are Tableau, Qlik, Microsoft, SAP, SAS, IBM, Tibco Software, and Oracle. Infor, Pyramid Analytics, Arcplan, Target, and Actuate belong to the niche players. Another good thing to explore in their website is the offered BI solutions by each player. Software directories, ebooks and buyer’s guide offered by ITQlick.com are excellent sources of information for the right vendor and BI solutions.
 
Pricing Considerations
The Total Cost of Ownership (TCO) of a BI solution is something that buyers like you should be very inclined with. The software, hardware, maintenance, services, enhancement, and support; all have their corresponding costs. Take closer look on these pricing considerations.
 
Hardware Cost = 33%-50% of the software cost
Hardware Maintenance Cost = 20% of hardware cost
Cost of Design and Implementation of Services:
  • < $100,000 in software = 100% in services
  • $100,000 to $500,000 in software = 300% in services
  • $500,000 to $2 million in software = 200% in services
Cost of ongoing maintenance, enhancements, and support = 20% of the software cost
As an example, Oracle’s BI Application for Sales Analytics software license cost is $5,800. The software update license and support costs $1,276. It requires a minimum of 20 users of the application. You can use this example as a way to compute TCO.
 
Market Trends
As a future buyer, getting adept with the trends and projections in BI will play an important role in optimizing your investment. In 2013, the worldwide spending on business Intelligence and analytics enterprise software was reported to be $14.4 billion. According to a report, 25% of new BI and analytics platform deployments will be in the form of cloud-based subscription. The trend therefore is on the use of Cloud BI.
 
The projection of some experts is that the enterprise data is expected to grow by 650% in the next five years. This is a clear indication that the need for BI software will also increase globally.
 
Despite of the positive growth forecast, most BI vendors will face global issues concerning the big data hype and challenges in the BI implementation process. On the other hand, the governed data discovery and analysis, which calls for information democracy, will be the focus of most BI vendors in the coming years.
 
Business Intelligence remained to be a reliable business partner in the sense that it continuously helps businesses in their goals – growth and profitability. And by becoming a smart buyer, these business goals will be far from being unreachable.
 

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2022 best Business Intelligence Software | ITQlick.com
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Author - Shlomi Lavi

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Shlomi Lavi is an entrepreneur and founder of ITQlick.com. He holds a Bachelor of Science (B.Sc.) in Information Systems Engineering from Ben Gurion University in Israel. Shlomi brings 17 years of global IT and IS management experience as a consultant and implementation expert for small, medium and large-sized (global) companies. Shlomi’s goal is to share the best knowledge and news about information systems so you can make smarter buying decisions for your business.