Your Guide to Software Selection

The Big List of BI Capabilities

Through data analysis, analytical processing and data mining, business intelligence tools fulfill a comprehensive range of business data needs. Organizations that adopt it benefit from actionable, understandable data they can use to optimize business performance. BI streamlines operations, reduces workloads, and improves productivity — and achieves all this through the following critical BI capabilities. 

1. Data Analysis and Collection

All BI software features, functionalities and capabilities focus on data. BI software constantly collects and analyzes data, ultimately providing valuable, actionable information that you can use to improve your organization’s operations.

See how to choose between business intelligence and business analytics software.

2. Data Lineage Tracking

Data lineage tracking creates a complete, ongoing record of system activity, ensuring that you can trace all data to its source. Think of it as a thumbprint.

3. Infrastructure

The intuitiveness, easy administration and simple implementation of BI infrastructure allow you to streamline work processes and ensure smooth workflow collaboration.

4. Cloud Deployment

The cloud deployment environment offers complete customization in terms of size, storage, functionality and access — in a word, scalability. This is a significant advantage that allows you to minimize or expand your system according with your business needs.

5. Customer Service

BI software generally provides help desk support, allowing you to quickly and thoroughly address any issues that arise during daily operations.

We’ve ranked over 60 BI platforms – see who tops the list.

6. Integration

BI integrates and works with your existing infrastructure including 3rd party data warehouses, internal SQL server configurations and other data sources. Full integration also means that data processes are intuitive, simple and easy to deploy through your system’s dashboards and collaboration platforms. Find out which integration features are important for your company using this interactive template:

7. Reporting

Through business intelligence, you have the ability to generate accurate and thorough reports on any facet of your business’s data. For example, having self-service BI reporting on financials, goal management, productivity and customer service data to help in many areas of the decision-making process. These reports are intuitive and richly visualized, which means that all levels of staff can understand the information and act on it.

See 5 ways business intelligence software benefits your company.

8. Dashboard Management

By offering employees a common interface through which to perform tasks, interactive dashboards ensures easy collaboration and increased productivity.

9. Intuitive Use

With little to no training, employees learn to use BI tools in a very short time, ensuring that your organization’s workflow experiences minimal interruption.

10. Information Delivery

With seamless, streamlined information delivery, BI applications makes sure that vital information reaches all the right people at the right time and place, e.g. delivering real-time data on mobile devices, minimizing delays and the potential for error due to inaccurate or missing information.

11. Workflow Collaboration

Workflow collaboration creates simplified workflow processes via a single common portal. Solid workflow collaboration results in better efficiency and productivity.

12. Predictive Analytics and Modeling

This capability allows your business to predict market trends, staffing needs, sales, profits and losses, to name just a few. BI extracts this information by analyzing a vast set of data, ensuring reliable and usable information.

13. Interactive Data Exploration

In addition to report generation, BI allows for unguided exploration of data. This can be useful in a variety of situations where reports may not be needed.

14. Visualization

BI’s rich data visualization ensures actionable, thorough and accurate reports that provide intuitive information on all facets of your business.

15. Benchmarking

Through benchmarking, BI software analyzes your business’s performance relative to its competitors, so you can target and repair your business’s weak areas.

16. API

With an API, Business Intelligence software pushes application data directly into your data set. In short, this makes it incredibly easy to integrate and use new functions and capabilities into your existing BI solution.

Business intelligence is a powerful, dependable solution that offers many advantages, helping your organization to stay competitive in this fast-changing business environment.

Find out what BI capabilities are most important to your organization.
Use this interactive BI requirements template to get started.
SelectHubThe Big List of BI Capabilities

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *