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Published July 05th, 2016 by

8 Business Intelligence Software for Small Businesses

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Business Intelligence refers to software applications that analyze fresh data of a company. Business Intelligence, as a form of discipline, has numerous related activities, such as reporting, data mining, query, and analytical processing.

Industries use business intelligence to help make a wise decision, reduce costs, and realize new business opportunities. Business Intelligence is more than just a tool that manipulates data and makes corporate reports. It’s a software that distinguishes useless business procedures that need re-engineering.

With the latest top business intelligence software, entrepreneurs can start examining the data without the help of IT experts. Though this software holds many promises, it can affect the results due to cultural and technical difficulties. Thus, you have to make sure that the program you’re using is clean and constant, so it won’t harm the data of the company.

Why would a small business need business intelligence?

The question that many small businesses face is whether they should use business intelligence software, or if they should wait a few more years. While there’s no definite answer to this question, there’s one fact that you can’t deny – this tool offers numerous benefits to the company, no matter how big or small it is. If you still don’t know whether you should get it or not, this list of benefits might help you decide what’s best for business.

  1. This system limits guesswork. Business intelligence dashboard software helps the executives not to trust their gut feelings and make a decision without studying the data. With this tool, it gives you confidence and assurance that you’ve made the right choice.
  2. The system provides quick acknowledgments to metric reports and inquiries. While the traditional system takes a lot of time to produce reports and the correct files from the filing system, the business intelligence BI software provides the exact information in a few minutes. With this program, you can save more time and use it elsewhere that will benefit the company.
  3. The system has customer intelligence. With the comprehensive reports and data about your consumers, you can understand their behavior better. Moreover, if you gather enough information, you can see a behavioral pattern among your customers. Keep this information as it may help you in the future.
  4. The system provides reliable forecasts, trends, and business projections. As you receive more data and learn its functions, you can get more out of this software when it comes to trends, projections, and forecasts. Trends and projections play a significant role in the business, and getting high-quality business aims and budgets can affect your company in a positive way.
  5. The system highlights the records of the firm. For industries with stocks and inventory, you need to track of them to avoid material loss. However, doing it all the time would cause a major headache and confusion since you have to do things manually. However, if you used a top business intelligence software from the beginning, you don’t have to deal with such issues anymore. Hence, you get to save money and time from checking inventory and stocks.
  6. The system is conducive to the improvement of business operations. If you look at the business’ turnovers, profits, and performance, you’ll see a big difference after using the business intelligence software. With this application, not only can you save time and money but efforts too.

Business Intelligence Software for Small Businesses

There are many business intelligence software reviews, telling their readers that what they offer are the best business intelligence software. Once you get to use the program, you’ll soon find out that what they’re saying is just part of a promotion, but in this list, we are not telling you that these programs are the best applications that you can get on the market. This list will only provide companies and software that receive positive reviews from its consumers. So without further ado, here are the eight BI software applications that you can use for your business.

1. WebKPI BI Dashboards

This tool aims to consolidate agility, scalability and self-service of the company. Wanting to improve their service, they added a SaaS solution to their software so that the user can focus on managing their firm. Furthermore, it gives comprehensive analytics reports and solutions to help improve the ROI.

Some of the features offered by the business intelligence reporting software are SaaS connector, mobile-friendly platform, great analysis tool, charts, and graphs, among others.

2. InsightSquared

It’s a business intelligence software company that aims to provide business analytics to real business owners. It allows you to view the efficiency of your business at a 360-degree angle. It gets links from different elements and finds a connection between your sources.

Another unique feature of this software is it gets answers from their dashboard. It’s because they don’t want to confuse their users, especially if they need to make crucial decisions for their business.

Lastly, this platform uses a customizable dashboard so you can make some changes if necessary before presenting the reports to your team.

3. InfoZoom

InfoZoom offers a user-friendly platform to their users. Since it’s so easy to use, you don’t need to be an IT expert to operate the software. You only need to click a few buttons to start analyzing and defining the data. In just a few minutes, you can get the result, making it a perfect solution for small business owners and beginners.

4. Rapid Insight

As the name suggests, this platform provides fast data analysis, helping you to make quick decisions. This system analyzes the stored data and finds a relation between each variable. Once the process is complete, the program will show you the data so you can check the current status of your business. Lastly, the software predicts the future by giving some scenarios if you choose this decision.

5. Vismatica

Vismatica is a BI software that you can share with your teammates. The unique thing about this platform is that it doesn’t only give an analysis report about your business. With this tool, you can upload images and videos to make your presentation more alive once you present it to your group. Lastly, it allows you to negotiate with your teammates, no matter where your staff members live. You can interact with them and ask about some suggestions to improve your business, making it a great addition to virtual, small enterprise.

6. QlikView

QlikView is one of the business intelligence software companies that you can trust. The system offers several unique features that other BI platforms don’t have. It keeps the relationship between data, and you can see it in the colors they’re using. Since they use different tones to represent the relationship of each variable, you’ll know in an instant which data is not related. Moreover, the software offers direct and indirect searches with the use of individual searches.

However, the main feature of this system is the in-memory data processor, which gives results in just a snap! It calculates and compresses data up to 10%. Lastly, this processor doesn’t need to be managed as it automatically maintains itself.

7. Microsoft Power BI

It’s a cloud-based business intelligence service that lets you view and analyze the most critical data of your firm. With the use of this program, you can monitor your company using a live dashboard and create business reports. Since the tool is cloud-based, you can open the dashboard using any device. Hence, you can observe the performance of your firm wherever you go.

8. Tableau

It’s a widely used tool for analyzing data and giving reports. As of today, the company has made changes to their software by increasing its speed and changing its interface.

How to get the most out of your BI software?

Most entrepreneurs use BI platforms to analyze data and to make important decisions, but this tool is more than just that. Here are the things that you can do to get the most out of this software.

  1. Take advantage of the customer support. Surprisingly, many people take this service for granted. They only call the support team to ask about technical stuff, but what people don’t know is that this team of experts can give useful advice in running helpful reports, analyzing the data, and so on. So the next time you need to ask such questions, talk to them as they can help you with your problems.
  2. Schedule weekly or monthly business meetings. The data changes from time-to-time. Don’t wait and see a drastic change to schedule a meeting with your employees. It’s best if you have a monthly or weekly meeting with them, so you can discuss the reports shown by the software. With this program, you can ask your team to improve the performance of your business.
  3. Use the dashboard. Most BI systems today use dashboard. The purpose of this feature is to give a summary of the data it gathered. Read and use it whenever you need to make crucial decisions related to the operations of your business.

There are several websites dedicated to giving a list and reviews of business intelligence software. But if you want to get real customer reviews, then CrowdReviews.com is the right place to visit. It provides a list of software and companies that you can trust, as well as the pros and cons of each item.

Trevor Price

Trevor Price helps small businesses leverage mobile technology to reach their audience and extend their capabilities in delivery, information, and tracking.

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