The popularity of business analytics tools have reached a boiling point in recent years. This change is driven by the need to increase the depths of functionality these tools deliver without a data scientist supporting them. Businesses are developing advanced technologies to meet this new need, including natural language processing (NLP) and Hadoop. These advances have resulted in a new age of cutting-edge business analytics tools.
Over 100 new business analytics (BA) tools have entered the market within the last 18 months. Defining which are the latest and most popular cutting edge analytics begins with a series of criteria. Once the criteria is created, you must progress through an assessment of each tool’s features. These tools excel in ease of use, intuitive navigation design and depth of integration points. Each has the potential to scale beyond their core functions to include advanced analytics functionality. Business analytical tools aim to provide deeper insight by adding support of advanced modeling.