Best Business Intelligence Software Tools

Business intelligence tools (BI tools) are types of software used to collect, organize, visualize and analyze data accumulated through business operations to highlight trends and patterns to allow for actionable data-based decision-making.

Buyer's Guide

Last updated on October 18th, 2023
Business Intelligence Tools Are All About Discovering Actionable Insights

BI Tools Buyer's Guide

Business intelligence (BI) tools help you earn revenue and grow your business by giving you a clear picture of your enterprise. With market performance and operational insight, reports are the mainstay of your business strategy and direction.

Whether seeking a BI tool for the first time or upgrading, deciding upon one business intelligence software is challenging, especially with many free and open-source platforms. And you can’t afford to miss out on an excellent product.

We’re here to help with tips on the best deployment modes, basic and advanced features, current trends and the best BI software in the market.

Executive Summary

  • BI software helps boost your bottom line by utilizing market insight and business metrics.
  • Data visualization, reporting, embeddability, geospatial analysis and mobile insight are must-have BI features.
  • Current business intelligence trends include data literacy, governance and SaaS solutions.
  • Creating a requirements checklist is an essential first step in a business intelligence software search.
  • Prepare beforehand for vendor discussions by making a list of questions to ask them.

What Are Business Intelligence Tools?

BI tools are software applications that support organizations by providing information on internal operations and client transactions. This information — business intelligence — is crucial for reporting and business analytics.

Business intelligence platforms aren’t mere spreadsheet tools. They’re sophisticated big data and embedded analytics tools too. The explosion in data volumes drives vendors to scale their offerings, which is why you see such a wide variety of BI software.

Dundas BI

Viewing metrics by dragging a database table to the dashboard in Dundas BI. Source

Where Do You Start?

Should you ask for a BI tool, or will a data analytics solution be equally good? Data analytics is one technique among many used for business intelligence and includes real-time data monitoring, dashboarding, reporting and benchmarking.

Additionally, it includes performance management and data mining.

BI tools can be

BI software can be open-source, free and paid, complicating your search.

Contrary to common perception, free and open-source tools aren’t always lightweight. Many such systems are the mainstay of companies, many of which are considerably-sized businesses.

BI platforms serve industry verticals like retail analytics, manufacturing, transportation and healthcare.

If this is you, narrowing your search might be easier, but it’s just the start.

A lot depends on your company’s IT infrastructure — are you in the cloud, on-premise, or would you instead work with a hybrid model?

Deployment Methods

We break down the pros and cons of each.

Business Intelligence Deployment Methods

On-Premise

Installed directly onto hardware your business owns and maintains, on-premise deployment offers several advantages.

Benefits
  • Get Uninterrupted Service: On-premise systems don’t rely on the Internet, so connectivity issues won’t affect your business.
  • Keep Data Secure: Your company’s sensitive information stays onsite, with complete control over security and activity tracking.
  • Maintain Independently: You have full autonomy over system maintenance, upgrades and fixes. You can decide on downtime schedules and add storage at will.
  • Pay Once: Deploying the best business intelligence software on-premise costs you once but gets you a perpetual license. It can be a more attractive option than a recurring service subscription that might get costlier over time.

But there’s downsides too.

Limitations
  • Complex Implementation: Deploying on-premise is time-consuming. Integrating the business intelligence platform and training employees can take days, even months.
  • IT Resources Necessary: You’ll need technical staff to maintain and fix your systems and hardware, plus physical storage for the machines.
  • Higher Cost of Entry: Besides the license, paying for hardware and infrastructure is money in the hole, a significant investment before seeing returns.
  • Hard To Scale: Scaling resources every time your business grows is complicated, time-consuming and expensive.

Cloud-Based

Cloud BI solutions are infrastructure-agnostic and cost-effective and can be self-hosted or served to you via the Internet as SaaS (software-as-a-service).

Benefits
  • Deploy Painlessly: What used to take months takes days, sometimes hours, and updates are faster.
  • Scale Flexibly: Most cloud-based business intelligence solutions let you add or remove features, including storage, at an extra charge that’s minimal enough not to burn a hole in your pocket.
  • Gain Insight Anytime: You can access cloud data anytime, anywhere. Team collaboration becomes easy with shareable links.
  • Get Lower Cost of Entry: Cloud-based systems offer monthly and annual subscriptions, allowing smaller businesses to adopt BI without a massive capital investment.
  • Get Software-As-A-Service: Paying to use vendor-hosted software services frees you from maintenance, upgrades and fixes.

SAS Visual Analytics Security

Conditional grants in SAS Visual Analytics restrict access to users by role. Source

But, consider the cons of cloud platforms before deciding.

Limitations
  • Security: Many enterprises avoid trusting the cloud with sensitive financial information, including trade secrets.
  • Connectivity Issues: Accessing your data through the internet is cool, but you can’t control it. The cloud isn’t perfect, and access and connectivity issues can cause performance lag.
  • Costs Add Up: Monthly payments seem lower, but costs can stack when buying additional licenses and modules.
  • Reliance on a Third Party: Access to company information depends on third-party servers, and businesses can suffer if they go down.

Hybrid

According to Cisco’s 2022 Global Hybrid Cloud Trends Report, 82% of IT leaders confirmed adopting a hybrid cloud setup. It’s a significant increase, considering that more than 60% of companies used it in 2021, while 30% were in the consideration stage.

A hybrid cloud is a loosely coupled setup of private and public cloud and on-premise deployments, forming a flexible computing system.

It allows deploying and running your applications across on-premise and cloud platforms without worrying about compatibility.

Benefits
  • Gain Flexibility: A hybrid model combines the scalability and versatility of a public cloud with the control of a private setup. It seamlessly accommodates changing business needs and workloads.
  • Optimize Cost: Use your private infrastructure for most workloads — you’ve already paid for it. And utilize cloud services for temporary workloads — they’re often pay-as-you-go, and you can save a tidy sum by optimizing usage.
  • Maintain a Failsafe System: You can store essential data and applications in the cloud — having a fallback separate from your primary infrastructure helps you get back on your feet faster in case of disaster.
Limitations
  • Complexity: Managing a hybrid cloud environment requires expertise in cloud tech, integration and orchestration. Different APIs, data formats and infrastructure configurations can make it an uphill task.
  • Latency Issues: Moving data across the public cloud and private infrastructure can affect performance, disrupting downstream processes.
  • Vendor Lock-In: Like a patchwork quilt, a hybrid cloud setup has many pieces. Depending on multiple cloud service providers opens you up to restrictive vendor lock-ins. Securely migrating data between systems is a demanding task.

Lastly, data security in the cloud remains a challenge, according to 37% of IT companies, the above Cisco report says.

Deploying across platforms requires business and technical teams to collaborate closely, so determine internally if your organization is mature enough to adopt a hybrid cloud approach.

Unsure about which deployment model will fit? Call us to receive advice from the experts.

Business Intelligence Tools Report

Expert recommendations and analysis on the top Business Intelligence Software

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Primary Benefits

Business intelligence helps identify marketing trends by analyzing CRM and supply chain software data. It enables goal-setting, identifying inefficiencies and generating near-real-time reports.

Benefits of BI Tools

Enhance UX

Business intelligence assists in lead conversion and client retention by giving you customer data to analyze. The derived insight helps you personalize your marketing campaigns and rein in turnover.

It helps you push targeted promotions and tailored products and services to buyers.

Accurate sales forecasting, revenue projections and on-point customer segmentation help you allocate resources and plan better. Monitoring CRM performance metrics and tracking customer sentiment on social media keeps you competitive.

Manage Workforce

With BI tools, you can retain employees for longer by optimizing productivity, hiring smart and building effective schedules. Performance analysis, workforce planning, tracking absence/leave patterns and engagement data are key business intelligence insight that helps.

Other benefits of BI tools are performance reviews, employee goal setting, gathering team and management feedback, and managing competencies.

BI tools drive successful talent acquisition, succession planning and employee development. You can help your employees grow with your organization by creating career paths that align with their skill set and potential.

Streamline HR

As a human resource manager, you can improve employee engagement, mitigate legal risks and maintain compliance with labor laws with reporting.

You can ensure employees are paid fairly by analyzing employee demographics, compensation data, retention metrics and risk factors.

Control Supply Chain

Managing supply chains is no easy task with production planning and inventory management. Maintaining supplier relationships and executing transactions is possible with BI.

BI software drive savings with demand forecasting, inventory optimization, supplier performance evaluation and cost analysis.

Plan Ahead

Knowing where you’re headed and how to get there is business-critical. Some modern BI solutions come pre-packaged with predictive and prescriptive analytics, so check for those if you need business planning as part of the feature set.

And they’re intuitive, so anyone can build predictive data models using visuals and user-friendly interface actions.

Predictive analytics software lets you perform regression analysis where you decide the outcome and backtrack to determine what to do today to get that particular result in the future.

Prescriptive analytics uses statistical models and machine learning (ML) algorithms to make projections based on specific rules.

Many BI tools simplify your life by allowing simple English queries and providing automatic recommendations.

Business Intelligence Tools Report

Expert recommendations and analysis on the top Business Intelligence Software

Get free access now

Implementation Goals

What do you want the new business intelligence software to achieve? Does your reporting process leave much to be desired? Do you need a better handle on business planning?

Listing your implementation goals is an excellent starting point.

BI Software Implementation Goals

Goal 1

Stay Competitive

  • You want to outperform your competitors.
  • You wish to track performance KPIs.
  • You want to be ready for opportunities and eventualities.
  • Rather than react to market dynamics, you want to be the one creating those trends.

Goal 2

Improve Decision-Making

  • You want to monetize your information.
  • You want to base decisions on hardcore numbers.

Goal 3

Utilize Existing Systems

  • The business intelligence solution should work with your existing infrastructure.
  • Secure data movement and access should be possible across the integrated systems.

Goal 4

Discover Useful Insight

  • You should be able to explore and analyze metrics independently.
  • You wish to view consolidated insight from several sources.
  • Reports should be customizable and easy to understand across the board.

Goal 5

Get Accurate Reports

  • Information should be correct and up-to-date.
  • Sharing insights should be straightforward.
  • Team collaboration on dashboards and reports should be possible.
Business Intelligence Tools Report

Expert recommendations and analysis on the top Business Intelligence Software

Get free access now

Basic Features & Functionality

Interactivity, real-time monitoring and self-service are crucial features in any data-driven software, and BI software are no exception.

Here are some other features to consider.

Data Management

The top business intelligence tools connect to files, relational databases, cloud sources, web services and data warehouses using connectors and APIs.

Data quality management is a must-have for accurate and reliable information. Your business intelligence platform must cleanse inconsistent data using parsing and enrichment techniques.

Dashboarding and Data Visualization

Dashboards show your desired metrics on one interface, letting you filter them to get deeper insight.

BI tools are all about real-time monitoring via data refreshes, manual or automated, to keep you updated with the latest insight.

A rich visualization library serves your diverse data needs — every graphic type doesn’t suit every dataset.

Pre-built report templates are life savers — who has the time to build from scratch?

Reporting

Despite all the noise about interactive, live reports, static reports matter still. A BI solution that provides traditional and modern reports can cater to all your reporting needs.

Reports are for sharing — through email, instant messaging apps and team chats. You can save time with a BI tool that provides report scheduling.

Security

The best business intelligence solutions allow setting up role-based access and object-level security.

Your BI tool must have backup and recovery protocols to safeguard your information.

User management should include role-based authentication, activity logging and traceability.

Advanced Analytics

Business data is rarely two-dimensional — for instance, a product is associated with an ID, name, category or size, stock by store, year of launch and more.

Analyzing these metrics requires multidimensional analysis. Ask vendors if their product has this capability.

Advanced analytics enhances business intelligence with statistical functions and mathematical calculations. They add value to your business by uncovering new insight.

Embedded BI

Using business intelligence capabilities without switching to the application in another tab is embedded tech at work. Can your tool of choice do this?

Embedding vendor-hosted BI software requires you to sign in to your solution instance, which is fine if your data is separate from other users.

BI tools need to support multi-tenancy for it to happen.

Geospatial Visualizations and Analytics

Displaying area-based information in columns is excellent for tabular reports, but showing it in graphs and maps requires more.

Presenting location details in visualizations requires integrating with Mapbox, Google Maps and Bing Maps.

Mobile BI

Determine internally if a mobile app is essential for your team to stay connected to data when out of the office.

Mobile alerts and notifications are a great way for stakeholders, including senior management, to monitor KPIs remotely.

Business Intelligence Tools Report

Expert recommendations and analysis on the top Business Intelligence Tools

Get free access now

Advanced Features & Functionality

Consider acquiring advanced capabilities at the onset if your company has specific needs or plans to scale. These include IoT (Internet of Things), augmented analytics and more nuanced reporting features.

BI Software Advanced Features

Advanced Querying

The best business intelligence software query against databases directly, keeping results fresh and accurate.

Then there’s streaming analytics — information from social media websites, app activity, clickstreams, equipment sensors and stock market quotes.

Ask vendors if their BI tool connects to streaming data sources if you need it.

Many BI tools save computing resources by updating metrics when you access them.

A power-saving technology — incremental refreshes — loads only the information that changed instead of performing a complete upload.

Asynchronous refresh is another optimization technique.

AI-ML

Artificial intelligence (AI) improves the quality and speed of information by letting you ask questions in simple English and pairing it with automated predictive insight.

It lets you ask your BI tool, “What are my sales projections for the next six months?”

Getting the same information from tabular reports would be a challenge.

Machine learning is a subset of AI, guiding data analysis with automated recommendations. It learns from your actions to give you contextual results and suggestions.

Advanced Reporting

KPI monitoring is a task best delegated to software programs — you can’t always be online.

A BI software that delivers reports to your inbox on data changes keeps you two steps ahead of market trends.

Advanced capabilities include personalized insight via report bursting, keeping your business front and center. Report consumers receive only relevant reports.

A management-level report will be a high-level overview, while a departmental report will be detailed.

Power BI and Pyramid Analytics offer report bursting.

IoT Analytics

IoT (Internet of Things) data includes information from web-connected pipelines, weather stations, smart meters, delivery solutions, motion sensors and virtual assistants.

Add IoT analytics to your requirements checklist if your business needs this insight.

Business Intelligence Tools Report

Expert recommendations and analysis on the top Business Intelligence Tools

Get free access now

Current & Upcoming Trends

Knowing what to expect helps us prepare better for what’s to come. Industry trends can reveal critical functionalities you might want to include in your ask list.

Business Intelligence Trends

Data Literacy

Self-service BI ranks consistently high on the Business Application Research Center’s annual business intelligence trends survey. AI is a significant driver of data literacy, making business intelligence software user-friendly and everyone a citizen data analyst.

User autonomy is a significant draw for enterprises as it helps reduce the time to insight. Independently accessing information boosts employee engagement, giving them a sense of shared ownership of projects.

User autonomy is high on enterprises’ ask list regarding new business intelligence software.

Read about explainable AI in our Future of Business Intelligence (BI).

Data Governance

Sourcing information from myriad complex sources can cause data security and quality issues, which makes complying with data privacy guidelines essential.

Enterprises increasingly seek software with data governance baked in. As a business intelligence software buyer, ensuring your platform offers this functionality is essential.

And with these regulations changing frequently, a vendor that keeps up to date with them is a cut above the rest.

With the risks artificial intelligence poses for data security, governance is a bear and will be the software industry’s focus for the foreseeable future.

Read about data privacy and security in the age of AI in our Future of Business Analytics Trends article.

Mobile Intelligence

Over 90% of global users surf the Internet on mobile devices for personal and professional purposes. On the industry front, Mordor Intelligence predicts the mobile BI market will grow at a CAGR of 22.43% over the forecast period 2021–2026.

Software vendors cannot ignore the market potential of making BI software available on mobile.

BI applications on remote devices and laptops are the primary means of work today, especially after changed work norms post-COVID-19.

Besides sales figures, these apps pull data from social media comments, posts and product mentions that indicate what people think about your product. Negative customer feedback, even random comments, can considerably harm your brand.

Additionally, eCommerce apps on mobile are significant customer touchpoints for browsing or purchasing your products online. Mobile insight forms a significant chunk of customer intelligence, with easy product accessibility for end users.

SaaS BI

In this survey, around 50% of the respondents stated that cloud BI is either important or very important to their organization, with 27.5% considering it business-critical.

Launching data warehouses and multidimensional data processing techniques like OLAP brought traditional BI under the scanner. Could it handle the additional processing demands?

Cloud computing, especially software-as-a-service, was the software with optimization techniques like server clustering and parallel processing. Plus, SaaS became available on mobile, making work from home a reality.

Flexible subscriptions freed up enterprises — no maintenance and infrastructure overheads — to test-run business intelligence software without burning a hole in their pocket.

SaaS business intelligence is an industry disruptor, and it seems set for interesting innovations going ahead.

Check out our article on Business Intelligence Trends for an in-depth look at where the industry is headed.

Cost & Pricing Considerations

Who will use the business intelligence software, and will they need training? Where does your existing system fall short? Keeping your business needs and limitations in mind can help narrow your search.

Factor in the initial cost of the software, ongoing maintenance and support costs and the investment required for the hardware. Compare it against the value it’ll provide. Does it align with your business goals?

Take the time to understand the various pricing models. It can make or break your buying decision even when the product ticks all your checkboxes.

  • Subscription-based software is available for a recurring monthly or annual fee. It’s vendor-hosted and maintained.
  • Usage-based pricing involves paying for the resources you use. It’s pretty handy if you have fluctuating workloads. Core-based pricing is one variant.
  • Perpetual licensing is when you pay a one-time cost of owning the software.
  • Value-based pricing can work for you if you’re on a tight budget. Product cost depends on the value the BI software provides to your business.

Costs can vary depending on

  • Pricing model
  • Data migration needs
  • Features and functionality
  • Maintenance and support requirements
  • Customizations
  • User seats
  • Add-ons

Research potential vendors — check online reviews, read industry guides and ask colleagues for recommendations.

Always ask if a free trial or version is available and what it entails.

Learn the difference between free and freemium software — both kinds are meant as an introduction to the vendor’s flagship software to entice you to buy the paid version. Which one will fit your needs?

Our article on Lean Selection methodology breaks down the software search process for you.

Price Guide for BI Tools

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The Best Business Intelligence Tools

Check out the top business intelligence tools on the market, curated by SelectHub analysts. Besides a brief overview and pros and cons, we mention what each product is best for, ranked by our analysts on a scale of 1-100.

Power BI

What It Does

Microsoft Power BI is business intelligence software that enables real-time reporting and analysis using performance and trends data. Interactive visualizations and reports allow deep-dive data exploration.

Data modeling allows you to establish dataset associations to derive actionable insight and help your business grow. Its integration with Excel allows importing of data and reports. Additionally, you can visualize Power BI data in Excel.

Power BI

The Sales and Returns sample report in Power BI. Source

Product Overview

User Sentiment Score

88%

Analyst Rating

84

Company Size

S | M | L

Free Trial Info

Free Power BI Pro and Premium Per User (PPU) trials are available. The Desktop version is perpetually free.

What It’s Best For
Capability SelectHub Analyst Score
Data Management 100
Data Querying 90
Reporting 88
Geospatial Visualizations and Analysis 86
Advanced Analytics 85
Pros and Cons From User Reviews
Pros Cons
About 96% of users cited its seamless integration with Microsoft systems as a huge advantage. About 85% of users said there’s a steep learning curve.
Around 86% of users appreciated its excellent connectivity to ERP systems and real-time data warehouses. Though 56% of users said it’s value for money, a close 44% of reviews said it’s pricey.
Approximately 98% of users praised it for its intuitive visualization builder, pre-built templates and formatting options. Over 96% of users said it’s resource-intensive and deployment is time-consuming.

Oracle Analytics Cloud

What It Does

It’s a leading analytics and business reporting tool. Besides personalized searches and conversational analytics, you can build ML-driven data models. Machine learning also drives auto-charting for faster metric visualization and analysis.

Collaborating on shared visualizations and dashboards is possible. You can share visualizations and dashboards on social media. As an author, you can set visualization actions for end users for each dashboard.

Oracle Analytics Cloud

Perform visual data analysis using interactive dashboards. Source

Product Overview

User Sentiment Score

84%

Analyst Rating

85

Company Size

S | M | L

What It’s Best For
Capability SelectHub Analyst Score
Data Management 95
Reporting 92
Advanced Analytics 89
Data Querying 88
Augmented Analytics 76
Pros and Cons From User Reviews
Pros Cons
All users mentioning interactivity praised the business intelligence platform for its drill-down and filter functionalities. Around 88% of users said support response was slow and inadequate.
Around 95% of users appreciated the software’s reporting capabilities. About 74% of reviews mentioned the software is costly.
About 83% of users said the software is user-friendly. Technical issues slowed down performance for about a fifth of the polled users.

MicroStrategy

What It Does

It’s an ML-driven BI software for visual analysis, reporting and application building. MicroStrategy is known for its variety of desktop reports, which include grid and graph reports and a combination of the two.

This business intelligence software supports app development by integrating leading technology systems and open-source tools.

Microstrategy

A performance analysis dashboard and summary in MicroStrategy. Source

Product Overview

User Sentiment Score

82%

Analyst Rating

72

Company Size

M | L

What It’s Best For
Capability SelectHub Analyst Score
Data Management 100
Advanced Analytics 96
Reporting 92
Geospatial Visualizations and Analysis 88
Data Querying 75
Pros and Cons From User Reviews
Pros Cons
All users appreciated the software’s reporting capabilities. All of the reviews that mentioned price said it was too expensive.
All users praised its mobile BI capabilities. Over 91% of users said implementation was time-intensive.
Over 87% of users found it easy to use. Around 81% of users said adoption was tricky due to a steep learning curve.
About 82% of users were satisfied with its data visualization and dashboarding functionality. About 64% of users said the software was slow, being memory-intensive.

TIBCO Spotfire

What It Does

It’s a business intelligence and reporting platform that blends IoT and social media metrics with performance metrics. Advanced predictive analytics keeps you agile in a constantly evolving, competitive market.

Its proactive user community designs and distributes free e-learning courses, wiki entries and dashboards.

TIBCO Spotfire

Spotfire helps business analysts uncover desired insights. Source

Product Overview

User Sentiment Score

84%

Analyst Rating

80

Company Size

S | M | L

Free Trial Info

The vendor offers a 30-day free trial.

Starting Price

$0.99

What It’s Best For
Capability SelectHub Analyst Score
IoT analytics 100
Advanced Analytics 96
Reporting 92
Geospatial Visualizations and Analysis 88
Data Querying 75
Pros and Cons From User Reviews
Pros Cons
More than 91% of users praised the platform for its reporting capabilities. All users mentioning analytics said it’s unfit for small dataset analysis.
Of reviews that mentioned dashboards, 86% said they were satisfied with the customizations. All reviews mentioned the lack of documentation as a blocker in adoption.
About 78% of users appreciated its interactive visualizations. Around 75% of users said performance slowed down while extracting large datasets.

Qlik Sense

What It Does

It’s a market intelligence and analytics platform for creating business reports and dashboards. ML algorithms suggest best-fit visualizations by analyzing the selected data.

Centralized task and user management, a mobile app and globalization make it a robust platform.

Qlik Sense

An executive dashboard shows sales analysis metrics in Qlik Sense. Source

Product Overview

User Sentiment Score

85%

Analyst Rating

85

Company Size

S | M | L

Free Trial Info

The vendor offers a 30-day free trial.

Starting Price

$30

What It’s Best For
Capability SelectHub Analyst Score
Data Management 100
Data Querying 92
Advanced Analytics 91
Reporting 91
IoT Analytics 82
Pros and Cons From User Reviews
Pros Cons
About 86% of users said the platform was intuitive and user-friendly. About 90% of users said security was challenging to implement.
Approximately 85% of users said the software was easy to learn. Around 86% of users said the platform allows limited customization.
Around 81% of users said the software excelled at embedded analytics. Approximately 86% of users found the software expensive.
Almost 77% of reviewers were satisfied with its interactive and responsive visualizations. Almost 78% of users said the platform struggled with sharing and collaboration.

Check out our Jumpstart platform detailed product scorecards ranked by feature.

Business Intelligence Tools Report

Expert recommendations and analysis on the top Business Intelligence Tools

Get free access now

Questions To Ask Yourself

Ask yourself these questions as a starting point in the context of your organization and its needs.

  • What are our pain points, and how do we expect the new software to address them?
  • How much customization will we need?
  • Will we require in-house technical resources? Or will we need to rely on the vendor for deployment?
  • Which systems should integrate with the new platform?
  • Which are the critical dependencies impacting deployment?

Questions to Ask About BI Tools

 

 

 

Questions To Ask Vendors

Vendor discussions are excellent for addressing queries and concerns. We suggest some questions to add to your list.

About the Software

  • What are your product’s core strengths?
  • Can we customize the software as desired?
  • Does it support interactivity and user autonomy?
  • Which security features are available?
  • Are there any volume-based limitations on data processing?

About the Vendor

  • How long have you been in this industry?
  • What support or training do you provide?
  • What differentiates your services from other vendors?
  • How long does deployment take? Do you offer assistance?
  • Is documentation available?
Business Intelligence Tools Report

Expert recommendations and analysis on the top Business Intelligence Tools

Get free access now

Next Steps

The top BI tools boost revenue and improve business performance by harnessing proprietary data. Moreover, you get the added benefit of business planning with predictive analytics.

This buyer’s guide is a primer to guide procurement professionals responsible for selecting a BI solution for their organization.

Once you have the vendor shortlist, reach out to them with questions and a request for proposal (RFP). Ask about free trials or demos as proof of concept of the product.

Research them thoroughly before starting further discussions. Decide after careful consideration and go ahead with the purchase.

Are you still feeling overwhelmed in your business intelligence software search? Get started with our free comparison report to learn more about the market leaders.

Product Comparisons

Additional Resources

icCube

User Sentiment:
User satisfaction level icon: excellent

icCube is a Swiss embeddable analytics solution designed for B2B SaaS product and development teams to deeply embed analytic capabilities inside their applications. Its analytical dashboards blend into the end solution's UI and UX experience. An analytical engine lets users consume complex data models needing sophisticated security.It's a single Java process with definition files, allowing integration with any architecture. Companies can also package/containerize and deploy anywhere. Its dev2dev approach acknowledges each company's highly specific needs. icCube's dev team accompanies clients to successfully and quickly get into production.

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Vena

User Sentiment:
User satisfaction level icon: great

Vena Solutions offers financial planning and analysis that stores orthodox spreadsheets, templates and models in one database operated by a workflow engine. It leverages accurate calculations, robust data modeling and a controlled environment. Traditional spreadsheet abilities have intense IT consulting, high cost of ownership and flawed audit trailing.It provides spreadsheets with real-time updates and the capability to roll back to previous versions to view and analyze changes over time. Its insightful analysis ensures smarter and faster decision making.

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Informatica PowerCenter

User Sentiment:
User satisfaction level icon: excellent

Informatica PowerCenter offers high-performance data integration to power enterprise deployments and project management. It extracts, transforms and loads data according to the organization’s requirements into data warehouses for further analysis.

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SAP Lumira

User Sentiment:
n/a

SAP Lumira is a data visualization solution that offers users the ability to gain insights on demand. Through a simplified design and editing process, users can build analytics reports and interactive dashboards that are tailored to their specific needs. It offers three editions: discovery, designer and server, which each have varying degrees of functionality. It integrates with the larger BusinessObjects suite, which offers a wide range of scalability options.

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Windward Reporting and Document Automation

User Sentiment:
User satisfaction level icon: excellent

Windward Studios offers an embeddable reporting/docgen tool built around designing templates in Microsoft Office. The combination of Office and Windward's tags make the reporting process quick and easy by removing the work of hand-coding reporting templates. It’s designed to produce beautiful reports in a number of different formats, including PDF, DOCX, XLSX, HTML, PPTX and more. After embedding the Windward .NET or Java engine, users can merge data with their templates to generate reports documents. This includes, but isn’t limited to, SQL Server, Oracle, DB2, MySql, PostgreSQL, XML, JSON, OData, and more. A template can use multiple datasources in a single template.

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NVivo

User Sentiment:
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NVivo is a qualitative data analysis solution that helps users derive insights from unstructured text, audio, video and image data. It helps students, professors and researchers centralize and analyze data, as well as prepare for publication and presentation to wider audiences. Licenses are available either on an individual or organization basis, with pricing varying depending on academic, non-academic or student usage.

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Chartio

User Sentiment:
User satisfaction level icon: great

Chartio is a cloud-based data analytics solution founded with the mission to make data accessible to anyone. It allows users to blend and process data from numerous sources into a single operational database and write queries through a drag-and-drop visual SQL interface. Via self-service analysis, it empowers users to discover actionable insights that provide answers to their questions. Its data visualizations and interactive dashboards help drive data-informed decision making. It is available on a per-user monthly subscription basis, with three tiers of pricing: Startup, Growth and Premium.

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JReport

User Sentiment:
User satisfaction level icon: excellent

JReport by Logi Analytics (now discontinued) empowered companies to perform data analysis and generate reports directly from other business applications. It was scalable, customizable, fault-tolerant and worked seamlessly within other web interfaces. It integrated with any architecture and supported a range of embedding methods from the front and back ends.

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Splunk

User Sentiment:
User satisfaction level icon: great

Splunk is an affordable analytics solution ideal for businesses of all sizes. It offers a number of common analytics features, including dashboards, plugins, automatic data enrichment, monitoring and alerts. It also provides unique features such as wide-sourcing of data, intel into different company functions and more. With cloud and on-premise deployment available, as well as a lightweight free version, it can serve a range of needs.

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Datadog

User Sentiment:
User satisfaction level icon: great

Datadog is a comprehensive monitoring and analytics platform designed to empower businesses with real-time insights into their digital infrastructure. This product caters to a broad range of users, from DevOps teams to IT professionals, offering features like infrastructure monitoring, application performance tracking, and log management. Users appreciate Datadog's ability to provide end-to-end visibility, as one user mentions, "Datadog gives us a holistic view of our environment." It allows organizations to proactively identify and resolve issues, enhancing operational efficiency. However, some users note the pricing considerations, stating that "Datadog can get expensive as you scale." The cost can be a limitation for smaller businesses with limited budgets. In terms of performance, Datadog receives praise for its robust features, with users noting that it outperforms similar products. "Datadog is a game-changer," one user states. Overall, Datadog is well-suited for businesses seeking comprehensive monitoring and analytics, and it is seen as a top performer in its category, providing users with valuable insights and real-time monitoring capabilities.

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Semrush

User Sentiment:
User satisfaction level icon: excellent

Semrush is a leading platform that ranks 37 among all Marketing Automation Software according to our research analysts and 3767 crowd-sourced reviews from 2 sources. Starting from $119.95, Semrush is priced moderately, has offered a free trial in the past and is most advisable for any sized company. Semrush can be deployed in the cloud.

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Black Knight

User Sentiment:
n/a

Black Knight offers an extensive suite of cloud-based solutions for businesses to improve decision-making through actionable data insights. It provides a unified end-to-end framework that combines its big data assets with data collection, visualization and analytics. Armed with multilingual support, machine learning techniques and an intuitive interface, it helps enterprises generate leads, adhere to compliance guidelines and increase process efficiencies.Though aimed at the mortgage and mortgage-related industry, it also offers data analytics to suit the needs of a range of other industries. Some of its industry-specific inclusions include hedge, enterprise, market and competitive analytics. Customers can opt for the origination, servicing or home equity collections, each focused on addressing specific challenges or utilize all three collections for expanded visibility.

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Mathematica

User Sentiment:
User satisfaction level icon: excellent

Wolfram Mathematica is a technical computing platform that can perform a wide range of computations and algorithms for mathematics and beyond. Primarily designed for research and academia, it enables users to create powerful scripts through a flexible, multi-purpose programming language. It allows users to analyze and visualize data in sophisticated ways and employ methods such as machine learning, data mining and deep learning to model and solve complicated problems. It is available in the cloud through any web browser or installable on-premises on all desktop environments. Users can purchase licenses as individuals or under group or enterprise pricing for cloud, desktop or both versions.

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Oracle BI

User Sentiment:
n/a

Oracle's comprehensive BI solution offers a full range of intelligence, analytics and reporting capabilities. It supports heavy workloads and complex deployments to deliver data analysis to any kind of organization.Users of Oracle BI can explore and organize proprietary business data from a variety of sources. Then the system creates visualizations to display the data, letting users draw easy insights from charts, graphs and other convenient graphics. This helps them make data-driven business decisions about their organization.

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Netsmart

User Sentiment:
n/a

Netsmart provides healthcare-centered technology to doctors, nurses, technicians, caseworkers and administrators. It helps clinicians and therapists track patient health records and manage caseloads for patients using public health services. Because it’s cloud-based, it’s got low system requirements, which keep it agile. It also has an Android and Windows implementation for field users specializing in behavioral health.The company offers a single, “Integrated Care” model, meaning all of its mental and behavioral health offerings are grouped up into a single tech suite, which can funnel a patient from entry to recovery.

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Funnel

User Sentiment:
n/a

Integrate data from different platforms with the aid of connectors to facilitate robust analysis. Access real-time data to extract useful insights. Export data to multiple destinations for advanced analysis and visualization. Consolidating data at a centralized location ensures users gauge ROI across different marketing channels and campaigns. Understand KPIs with up-to-date dashboards and reports. Leverage standard rules to define naming conventions for dimensions and metrics.

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Call SelectHub for a free 15-minute selection analysis: 1-855-850-3850

Infogram

User Sentiment:
User satisfaction level icon: excellent

Infogram is a web-based data visualization platform that enables users to disseminate data-driven information by creating and sharing charts, reports, dashboards, infographics, maps and more. Through its intuitive drag-and-drop editor, users don’t need coding skills to convert their data into visually appealing HD graphics that are ready for distribution and publication. With five different monthly or annual pricing plans — Basic, Pro, Business, Team and Enterprise — customers can choose the option that best fits their company’s needs and budget. Special pricing is available for startups, nonprofits and educational organizations.

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Tableau Server

User Sentiment:
n/a

Tableau Server is a solution that allows organizations to deliver governed self-service analytics to all their users at scale. Installed either on-premises or in a public cloud, it enables users to create and share beautiful data visualizations and dashboards with key decision makers in a secure online environment. It offers advanced management options for increased visibility and data governance. Pricing is on a subscription per-user basis, with creator, explorer and viewer license options, similar to the Online version. In direct comparison, it offers comparable functionality at an enterprise level for a slightly lower price point, factoring in the cost of hardware and server maintenance. The vendor also offers data management and server management add-ons that enhance data preparation and governance.

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PitchBook

User Sentiment:
User satisfaction level icon: great

PitchBook is a distinguished software product that ranks 55 among all Business Intelligence Tools according to our research analysts and 11 crowd-sourced reviews from 3 sources. Starting from $0, PitchBook is priced initially at no cost, offers a free trial on occasion and is most suitable for business of all sizes. Businesses who have used PitchBook include Deutsche Bank, Microsoft and Wells Fargo. PitchBook can be deployed online and on-premise and is accessible from a few platforms including Windows and Apple devices.

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Micro Focus

User Sentiment:
User satisfaction level icon: good

Micro Focus PPM is an organizational tool that helps businesses maintain compliance and reduce expenditures. Companies can plan and manage portfolios, resources and finances. It offers a dashboard view of all relevant information and notifies users about resource modifications that occur within a company. It offers capabilities to deliver outcomes by driving transformation and overcoming project challenges. It helps organizations overcome cost, time and resource management challenges and allows data consolidation and visibility within enterprise portfolios. Executives can prioritize tasks and get a peek into resource utilization while aligning them with business goals. It provides crucial information in real time by capturing project operations and execution to help companies make the right investment decisions.

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Minitab

User Sentiment:
n/a

Minitab is a statistics package that delivers statistical analysis, data visualizations and data analytics to help users improve data-driven decision making by streamlining their analytical workflow. It can analyze all kinds of datasets, from small to large, and automates statistical calculations and the creation of graphs, allowing users to focus more on data analysis. It enables users a range of customization options and has powerful scripting macro capabilities.It is currently available for on-premise installation on Windows or Mac operating systems only, with no SaaS or mobile options. Customers may choose between a single license for a stand-alone copy or an annual network license for multiple users, which includes upgrades to new versions. The company offers government and academic pricing options as well.

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Stata

User Sentiment:
User satisfaction level icon: great

Designed for data scientists, Stata is statistical software that helps users find insights through data exploration, visualization, modeling and analysis. It gives users a wide range of both standard and advanced statistical analyses that can help them make inferences and decisions based on data. With both a graphical user interface and command line structure, it’s accessible to users with or without coding knowledge. Users can choose between four offerings according to their needs: MP which is the fastest and largest version, SE for large datasets, IC for mid-sized data sets and Numerics for embedded. Suitable for companies of all sizes, it is available via on-premises installation on Windows, Mac and Linux/Unix devices, or via the SaaS model. Pricing varies based on the number and type of licenses requested, as well as the length of the subscription. It can be purchased for business, government, nonprofit, educational or student use and the vendor offers price quotes upon request.

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Piktochart

User Sentiment:
User satisfaction level icon: excellent

Piktochart is a prominent software tool that ranks 59 among all Business Intelligence Tools according to our research analysts and 159 crowd-sourced reviews from 1 source. Starting from $19, Piktochart is priced less than most others, commonly offers a free trial and is most suitable for companies of all sizes. Piktochart can be deployed online and on-premise and is accessible from a limited number of platforms including Windows and Apple devices.

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Unsupervised

User Sentiment:
n/a

Unsupervised is a data analysis platform that employs artificial intelligence to turn complex enterprise data into a competitive advantage by automatically unearthing actionable insights. Its name comes from the type of machine learning algorithms that it employs to analyze data without needing human supervision. It crunches massive datasets to automatically discover trends and opportunities. The insights it unlocks allow companies to derive value from their data and focus strategically on making decisions that lead to better outcomes for their customers and business. Powered by cloud computing, it can be hosted by the vendor or in a private cloud environment.

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Heap

User Sentiment:
n/a

The solution helps organizations understand their customers, obtain advanced signals on customer behavior and curate products that convert. It collects customer data automatically to identify blind spots and drop-offs in multi-step digital journeys. It provides useful insights to improve products, decide what to build and document the impact of every feature on the business. Leverage self-service analysis inclusions to understand customer journeys, optimize conversion funnels and identify opportunities to boost user flow and engagement.

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Hadoop

User Sentiment:
User satisfaction level icon: great

Apache Hadoop is an open source framework for dealing with large quantities of data. It’s considered a landmark group of products in the business intelligence and data analytics space, and is comprised of several different components. It functions on basic analytics principles like distributed computing, large data processing, machine learning and more. Hadoop is part of a growing family of free, open source software (FOSS) projects from the Apache Foundation, and works well in conjunction with other third-party products.

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Jungle Scout

User Sentiment:
User satisfaction level icon: excellent

Jungle Scout is a premier solution that ranks 17 among all eCommerce Platforms according to our research analysts and 82 crowd-sourced reviews from 1 source. Starting from $29, Jungle Scout is priced fairly and is most fitting for all business sizes.

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Celonis

User Sentiment:
n/a

Celonis is a reputable software application that ranks 64 among all Business Intelligence Tools according to our research analysts. Starting from $0.01, Celonis is priced fairly, offers a free trial on occasion and is most applicable for small-to-mid-sized companies. Celonis can be deployed online and on-premise and is accessible from a few platforms including Windows and Apple devices.

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Remix

User Sentiment:
n/a

Remix is a distinguished software product that ranks 65 among all Business Intelligence Tools according to our research analysts. Remix is most applicable for small-to-mid-sized companies. Remix can be deployed in the cloud.

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Definitive Healthcare

User Sentiment:
User satisfaction level icon: good

Definitive Healthcare is a prominent software product that ranks 66 among all Business Intelligence Tools according to our research analysts and 4 crowd-sourced reviews from 2 sources. Starting from $0, Definitive Healthcare is priced free of charge to start, commonly offers a free trial and is most advisable for any company. Definitive Healthcare can be deployed in the cloud.

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JMP

User Sentiment:
User satisfaction level icon: excellent

Jmp is an interactive data visualization and statistical analysis platform that empowers users to perform analysis and interact with data using tables, charts, graphs and reports. It uncovers trends and patterns in data to facilitate robust decisions. It explores and summarizes huge datasets to develop statistical models to predict the future. Share discoveries and findings with interactive data visualization capabilities. Conduct reliability analysis to gain insights into product performance, pinpoint defects in processes or materials and address issues.

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Clari

User Sentiment:
User satisfaction level icon: good

Clari is a high-profile platform that ranks 68 among all Business Intelligence Tools according to our research analysts and 96 crowd-sourced reviews from 3 sources. Clari is most advisable for any business. Businesses who have used Clari include Axciom, Juniper Networks and Okta. Clari can be deployed online and is accessible from a wide range of platforms including Windows, Linux and Apple devices.

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Collibra

User Sentiment:
n/a

Collibra is a premier software tool that ranks 69 among all Business Intelligence Tools according to our research analysts. Collibra is most suitable for companies large and small. Businesses who have used Collibra include American Express Travel, LinkedIn and Salesforce. Collibra can be deployed online and on-premise and is accessible from a limited amount of platforms including Windows devices.

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GraphPad Prism

User Sentiment:
n/a

Graphpad Prism is a statistics, data analysis and graphing package that simplifies powerful statistics to help users analyze smarter, not harder. Though specialized for scientific research, it doesn’t require its users to have programming knowledge in order to tell stories with their data and create a wide variety of data visualizations with ease. It can be installed on Windows or Mac devices and is available through a group or personal subscription, which comes with free updates during the subscription term and is billed on an annual basis, or through a perpetual license, which does not include upgrades and guaranteed support for future operating system updates. For short-term projects, individual users can get a monthly subscription. Students can receive a subscription at a discounted rate.

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Firebolt

User Sentiment:
n/a

Firebolt is a cloud data warehouse that improves query response time, analyzes business data at higher granularity and delivers a seamless user experience. It empowers organizations to build new business models around data. Implement vectorization and SIMD capabilities to speed-up query execution by applying instructions on data batches.

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Cloudera

User Sentiment:
User satisfaction level icon: great

Cloudera is a multi-environment analytics platform powered by integrated open source technologies that help users glean actionable business insights from their data, wherever it lives. With an enterprise data cloud, it puts data management at analysts’ fingertips, with the scalability and elasticity to manage any workload. It offers users transparency into the whole data lifecycle and the flexibility of customization through its open architecture. It is available on an annual subscription basis with three offerings: CDP Data Center, Enterprise Data Hub and HDP Enterprise Plus. Each edition offers different components and pricing varies based on computing power, storage space and number of nodes. The company merged with Hortonworks in 2019 to provide a comprehensive, end-to-end hybrid and multi-cloud offering.

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Best of Awards

COMPARE THESE LEADERS

SelectHub analysts have spent over 2,000 hours evaluating over 300 business intelligence tools, ensuring we understand each software’s capabilities, strengths, and limitations.  From this, we recognize which BI software really lead the pack, and deliver the features and capabilities companies actually need, based on crowdsourced requirements from the SelectHub platform.

Below, are the awards given to the people behind those products.

Analyst Pick
Analyst's Pick Awards

Awarded to top products picked by Analysts as Overall Best Products in the Category.

Domo MicroStrategy Oracle Analytics Cloud Power BI
SAS Sisense Tableau TIBCO Spotfire
User Favorite
User Favourite Awards

Awarded to products receiving a User Sentiment Score of Excellent.

Board International Domo Dundas BI Exago Information Builders
Looker Power BI Sisense Tableau TIBCO Spotfire
Augmented Analytics
Augmented Analytics Awards

Awarded to the Top products scoring 80 or more in this feature.

Domo Oracle Analytics Cloud Power BI SAS
Sisense TIBCO Spotfire Yellowfin
Advanced Analytics
Advanced Analytics Awards

Awarded to the Top products scoring 80 or more in this feature.

Board International Domo Dundas BI Information Builders
Oracle Analytics Cloud SAS Yellowfin
Data Visualization
Data Visualization Awards

Awarded to the Top products scoring 80 or more in this feature.

Domo Dundas BI MicroStrategy Oracle Analytics Cloud Power BI
SAS Sisense Tableau Yellowfin
Reporting
Reporting Awards

Awarded to the Top products scoring 80 or more in this feature.

Board International Dundas BI Information Builders MicroStrategy Oracle Analytics Cloud
Power BI SAS Sisense Tableau Yellowfin
Data Querying
Data Querying Awards

Awarded to the Top products scoring 80 or more in this feature.

Dundas BI Information Builders Looker Oracle Analytics Cloud
Power BI Sisense Tableau Yellowfin
Security
Security Awards

Awarded to the Top products scoring 80 or more in this feature.

Domo MicroStrategy Oracle Analytics Cloud
Power BI Yellowfin
Mobile BI
Mobile BI Awards

Awarded to the Top products scoring 80 or more in this feature.

Board International Information Builders MicroStrategy Oracle Analytics Cloud
Power BI SAS TIBCO Spotfire
Connectivity
Connectivity Awards

Awarded to the Top products scoring 80 or more in this feature.

Domo MicroStrategy Power BI
Sisense TIBCO Spotfire

Price Guide

See the Price/User for the top business intelligence tools… plus the most important considerations and questions to ask when shopping.

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Our Market Research Analysts will take calls, and in 10 minutes, take your basic requirements and recommend you a shortlist to start with.