Key Features Of Business Intelligence Tool

Key Features Of Business Intelligence Tool

Organizations today are loaded with huge amounts of data. Business intelligence (BI) tools are types of application software which collect and process this unstructured data from internal and external systems to generate critical business insights. BI tools gives the users the power to accelerate and improve decision making, increase operational efficiency, identify market trends, report KPIs, identify new business opportunities, etc. BI tool can help organizations unleash their potentials and gain a competitive edge.

Following are a few features of a robust BI tool that you must look for in a BI tool:

Business Intellligence tool or BI connects data and feeds it into the reporting system in real or near-real-time. In todays highly competitive business environment real-time data is of paramount importance to quick decision making. The purpose of analytics is to gain deeper, real-time insights into a situation or problem with an aim towards solving it or producing a better outcome.

You can also read: 7 Reasons why businesses need Business Intelligence

BI tool provides you analysis in the form of visual and dynamic dashboards. A BI tool can combine and leverage data from multiple sources like Excel, Google Sheets, CRM software, disparate silo system, and ERP itself. BI enabled visual dashboards can quickly tell a story and highlight trends, patterns, outliers, etc. that would generally not be easily discovered when manually analyzing the raw data.

BI tools give you high-speed analytics. If you have an ERP in your organization, you’d be able to get useful analysis from your ERP system. However, since most of the ERP reports are fairly static and do not lend themselves to further investigation. Getting business insights quickly becomes a challenge.  With a BI tool, you have the ability to analyze tremendous amount of data in a matter of seconds. A BI tool can combine and leverage data from multiple sources. And give you multi-dimensional analysis on this data through visual and dynamic dashboards.

BI tool helps you analyze your business’ Key metrics or KPIs (Key Performance Indicators). BI tool makes it easier for you to visualize this data and understand the impact on your KPIs better. A BI dashboard gives you at a glance snapshot of your business performance, thereby telling you where your business is doing well and where it needs improvement or further investigation. The end result of this whole process is to generate business insights to improve business performance.

A modern and agile BI tool will enable you to “ask for” for information from a BI system by “talking to your BI system” or “typing in plain English” in your BI system. It will be able to answer your plain English questions like. The “Which are the top 3 Products making profit for me in a particular city in a particular Quarter and how does it compare with the same Quarter of the last year”.

BI is all about having the right data at the right time to make the right decision. Hence, robust BI tools like ebizframe BI let you manage your business on the go right from your smartphone or tablet.

ebizframe BI tool is a robust BI tool that gives you all the above mentioned features and much more. ebizframe BI is a BI tool based on Microsoft Power BI.
Microsoft Power BI Tool stands at the top position in Gartner’s magic Quadrant amongst all the major BI tools.

Talk to us and we will help you on how ebizframe BI can help transform your organization-wide data into valuable and incisive insights which help you improve organization’s profitability and efficiencies. 

You don’t need a team of data scientists or a huge budget to get started with BI.  Our team of BI experts will guide your organization through its analytics evolution. What’s more is that ebizframe BI comes from the leaders in Enterprise automation for 30 years, which means you get specific dashboards for your industry.

Get in touch with us today! Contact us at marketing@ebizframe.com

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