Top Seven Analytic Tools that Every Business Analyst Should Know
Posted on Friday, September 9, 2022 and filed under Articles
From supply chain management to enterprise resource planning, every business department requires relevant data for the decision-making process. Today, numerous cloud applications are available to generate insights. Using these insights, businesses can accelerate their business process and rapidly achieve success at a phenomenal rate.
These tools help managers and teams extract actionable data and insights and restructure their business processes. With the help of analytical tools, businesses get seamless analytical solutions and boost business progress and productivity.
An analytical tool provides many powerful features to identify trends and customer purchasing patterns. Furthermore, it empowers the business enterprise to decide by analyzing real-time data. This helps teams collect efficient data, generate insights, and create presentations.
What are Business Analytics Tools?
Business analytics tools come in different types based on the purpose that business leaders have to achieve. These are intelligent tools, powered by the cloud computing system. The tools provide advanced modeling insights for KPI measurement, making strategic decisions, and business health planning. Moreover, you can anticipate the future, affect growth, and resolve urgent issues with this predictive analysis tool.
Top Analytics Tools for Advanced Analytical Data
1. SAS Business Analytics (SAS BA)
This is a high-grade text analytics tool that enables businesses to attain and transform unorganized data. It also analysts to select attributes for accurate information and discover meaningful insights. SAS business analytics include a wide range of statistical tools to predict upcoming trends using information from machine learning and big data. One of the most impressive things about this tool is that it can process a huge amount of data in real-time.
2. Board
Teams can use boards to create intuitive and interactive analytical reports and access the data through the dashboard. This tool offers customized features, which indicates that groups can organize their dashboard according to their convenience. That’s one of the reasons this tool is popular among businesses. This is a highly-scalable platform and includes high-quality analytical features such as a powerful statistics suite. What’s more, the board can manage huge data volumes and manipulate the data to analyze customer behavior in different scenarios.
3. Microstrategy
This tool has superior analytics capabilities and helps process unstructured data in real-time. Experts find this tool effective because it includes third-party data mining options. This means that you can integrate other plug-ins to gather new data. With this tool, businesses can collect up-to-date data and solve critical problems. With this tool, teams can create and share business analytics reports and come up with new techniques to boost sales.
4. Sisense
Robust text analysis functionalities and dynamic interface enable employees to instantly organize unstructured data. This business analytics tool transforms the way leader and teams perform their tasks and revolutionize business intelligence. The Sisense is an open-source computational statistical tool that enables users to visualize complex data and perform extensive analysis. This helps teams forecast future trends and make data-driven decisions.
5. QlikView
This business analytics tool comes with unique features such as in-memory processing and patented technology. Furthermore, the tool is famous for ultra-fast report generation. Professionals include this tool as one of the best analytical tools. It helps the user visualize the data and understand the connections. On top of that, the color-coding feature help managers understand the bigger picture of the projects. However, the automation feature makes this tool user-friendly.
6. Dundas BI
Dundas BI is a first-class analytics tool constructed upon R Language. R programming is the best language to create advanced machine learning algorithms. That’s why many professional and agile business leaders prefer this tool. The tool will help you with business intelligence solutions and automate analytics. Furthermore, you can visualize data, generate reports, and forecast trends. The drag-and-drop feature makes this tool even more fun and easy.
7. Tableau Big Data Analytics
Considering the cutting-edge capabilities and dynamic features, Tableau Big Data Analytics is one of the best tools to analyze unstructured data. This tool includes reliable and robust features that help management teams with in-depth research. Leaders can predict patterns, access current and historical data, and analyze social media networks with this tool.
Conclusion on Business Analytic Tools
You can compare the pros and cons of these analytical tools and choose the one that suits your business model. Using these tools, you can attain a competitive advantage and target audiences using effective techniques.