With the increasing popularity of Internet of Things and an increase in data dissemination, there has been a dramatic change in the nature of Business Intelligence. Businesses have begun to heavily rely on data-directed decision making, which has also boosted their productivity. The average adoption rate of BI products today is 21%, and the Industry is rapidly growing at 16% annually.
Today the power of driving better decisions is shifting into the hands of digitally transformed marketers who are capable of extracting consumer relevant insights out of the gazillion web inputs on the infinite web space.
Challenges in the Marketplace
Business Intelligence is worshiped as the protagonist in the Business Intelligence sphere, but why do people shy away from using BI tools? Even today, a majority of the information workers do not use BI tools. Each time they require insights, they approach the IT, which increases the frustration levels further.
Analysts today need more power, and greater independence, but what keeps them away from trying out these BI tools? Here’s a look at some of the challenges faced by information workers, who are apprehensive about trying out these tools even today:
- Complex Licensing
- Hidden costs & restrictions
- Limited number of dashboards
- Fear of data security & privacy
- Inadequate user training
- Humongous data volume
- Frequent spamming
- Rapid changes in digital environment
- Availability of innumerable options
It takes an average of 6.1 days to build reports using traditional BI tools. In this ever-changing digital landscape however, there is a persistent need to extract insights from data at a lightning speed. Tools designed for enterprise-scale analytics should not compromise end-user experience in the processes.
Breathe Life into your Ambitions with BI Tools
Gartner has predicted that by 2017, most business users and analysts in organizations will have access to self-service tools to prepare data for analysis. Why wait for 2017? Let’s grab a snorkel and deep-dive into the world of data analytics with some of these comprehensive BI analytics tools given below:
For those information workers seeking intuitive interfaces, Rapid Insight is truly God-sent! With an innate flexibility, you could easily use this tool to tweak and adjust queries. It could be one of the best picks for responding to ad hoc data requests. You could make use of this tool to organize disparate data sources, and enter the world of Big Data without any qualms!
Harbour love for MS-Excel? If yes, this could be the perfect tool for you! Clear Analytics enables you to centralize your data and eliminates the need for a data warehouse to pre-aggregate data. With this wonder tool, you can retrieve insights with Spreadsheet manageability while easily tracing and auditing data.
Bid adieu to those times when you were heavily dependent on the IT. This user-friendly BI tool makes your life extremely easy, with its end-to-end data collection and preparation solutions. Its interactive analytics tools, decent interface with an exhaustive analysis could help you drive better decisions with minimum efforts. You need not create lengthy reports with this tool, which helps you focus on your business entirely!
With this user-friendly tool, you could look forward to identify newer opportunities for growing sales, increasing operational efficiencies and boosting your overall performance! With scalability across different management levels, MITS Distributor Analytics has the solution for all your different needs. It truly takes you from intuition to making an informed decision!
How about treading across the multi-dimensional analytics sphere? With Board Software, you could blend corporate performance and business analytics with business intelligence to get actionable insights! It is one of the most reliable error-free, all-in-one tool, which is guaranteed to enable businesses take intelligent, data-relevant business decisions.
As predicted by Gartner, there is indeed a power shift from IT to business. With greater data discovery, access to analytics would be further accelerated with multi-structured data and smarter tools that would help information workers deal with copious amount of data with relative ease.