Business intelligence (BI) has transformed from data collecting and collating into a more advanced discipline, which employs BI tools or solutions to draw inferences from available data. These inferences, or actionable pieces of information, assist you in making informed decisions to improve your business processes. Since BI tools are numerous and variable in both cost and features, they can be difficult to evaluate.
If you’re a business intelligence analyst or software buyer, how do you choose the best for your own business requirements? The ideal place to start would be using a comprehensive business intelligence requirements template. To start, listed below are our current top 10 business intelligence requirements to help you along.
Top 10 Business Intelligence (BI) Requirements
Anything that does not evolve is quickly outdated; therefore, BI systems should be capable of expanding and accommodating changes. A decent BI solution provider will release timely updates aimed at enhancing current capabilities.
2. Open architecture
Extensive BI tool comparisons will reveal vendors who have limited their software to proprietary architecture. The best BI software is built on open architecture, which permits hassle-free integration with other software applications.
3. Support multiple data sources BI
Top BI tools don’t limit their support to just one particular database. Ideally, the best BI applications permit access to a variety of data sources including data warehouses, data marts, SQL servers, other big data sources, etc.
4. Allow access to real-time data / Agile self-service BI
Business analytics tools help make informed decisions, and the software must deliver fresh data that is self-service in order to be considered productive.
5. Capacity to import applications
Top BI tools allow users to merge data from various applications. For instance, graphs and charts are integral to BI visualization tools and must be integrated into reports. Application importing saves end users the time it takes to recreate these features multiple times.
6. Multiple-device support
With the growing use of Internet accessibility across smart devices, top-rated business intelligence tools must provide good user experience across these devices.
7. Reporting options
Look for one that facilitates compound reporting options and tools, such as interactive reporting and what-if analysis. With this feature, you need not worry about integration with third-party reporting tools.
8. Mapping applications
This application gives you easy-to-interpret, at-a-glance, geographical data related to your business’ performance.
User privilege parameter is an essential feature for a BI solution, since this parameter lets you set limits on who can access, export and edit files, spreadsheets and graphs. In effect, these options are not visible to unauthorized personnel.
10. Intelligent alerts
This feature is geared to alert you, via modern messaging tools, about the crucial aspects of your business. For example, you’ll be alerted if a long-time active client becomes dormant.
Get a professional BI requirements gathering template
The list of top 10 BI requirements are key considerations while shopping around for BI solutions. SelectHub can help you jumpstart your selection process with a BI requirements gathering template. This free template contains all the top criteria determined by our analysts and users engaged in actual BI software selection projects.
Whether evaluating functional or non-functional requirements for business intelligence systems, it’s highly recommended that you use a requirements gathering template or checklist to manage your assessment.
Access our free interactive BI requirements template to better manage your BI selection project.