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Domo, a computer software company founded in 2010, develops business intelligence tools and data visualization services. This vendor is funded by an A-list of investors, angels, and CEOs of the world’s biggest Internet and SaaS businesses.
Business intelligence software is a type of application software designed to retrieve, analyze, transform and report data for business intelligence. The applications generally read data that has been previously stored, often - though not necessarily - in a data warehouse or data mart.
- 1History
History[edit]
Development of business intelligence software[edit]
The first comprehensive business intelligence systems were developed by IBM and Siebel (currently acquired by Oracle) in the period between 1970 and 1990.[1][2] At the same time, small developer teams were emerging with attractive ideas, and pushing out some of the products companies still use nowadays.[3]
In 1988, specialists and vendors organized a Multiway Data Analysis Consortium in Rome, where they considered making data management and analytics more efficient, and foremost available to smaller and financially restricted businesses. By 2000, there were many professional reporting systems and analytic programs, some owned by top performing software producers in the United States of America.[4]
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Cloud-hosted business intelligence software[edit]
In the years after 2000, business intelligence software producers became interested in producing universally applicable BI systems which don’t require expensive installation, and could hence be considered by smaller and midmarket businesses which could not afford on premise maintenance. These aspirations emerged in parallel with the cloud hosting trend, which is how most vendors came to develop independent systems with unrestricted access to information.[5]
From 2006 onwards, the positive effects of cloud-stored information and data management transformed itself to a completely mobile-affectioned one, mostly to the benefit of decentralized and remote teams looking to tweak data or gain full visibility over it out of office. As a response to the large success of fully optimized uni-browser versions, vendors have recently begun releasing mobile-specific product applications for both Android and iOS users.[6] Cloud-hosted data analytics made it possible for companies to categorize and process large volumes of data, which is how we can currently speak of unlimited visualization, and intelligent decision making.
Types[edit]
The key general categories of business intelligence applications are:
- Reporting and querying software: applications that extract, sort, summarize, and present selected data
- Online analytical processing (OLAP)
- Data warehouse[7]
- Data cleansing[8]
Except for spreadsheets, these tools are provided as standalone applications, suites of applications, components of Enterprise resource planning systems, application programming interfaces or as components of software targeted to a specific industry. The tools are sometimes packaged into data warehouse appliances.
Open source free products[edit]
- Apache Hive, hosted by the Apache Software Foundation
- BIRT Project, by the Eclipse Foundation
Open source commercial products[edit]
- JasperReports: reporting, analysis, dashboard
- Palo: OLAP server, worksheet server and ETL server
- Pentaho: reporting, analysis, dashboard, data mining and workflow capabilities
- TACTIC: reporting, management, dashboard, data mining and integration, workflow capabilities
![Tools Tools](http://static.youblisher.com/publications/234/1399805/large-1399805-1.jpg)
Proprietary free products[edit]
Proprietary products[edit]
- GoodData - cloud-based
- Grapheur, implementing the reactive business intelligence (RBI) approach
- Microsoft
- Oracle
- Pentaho (now Hitachi Data Systems)
- Qlik
- SAP NetWeaver Business Intelligence
- Spotfire (now Tibco)
- Sybase IQ (now SAP IQ)
- Zoho Analytics (as part of the Zoho Office Suite)
References[edit]
- ^'History of Business Intelligence Software'. business-intelligence.financesonline.com. Retrieved 28 October 2018.
- ^'A Detailed Look At The History Of Business Intelligence Software'. comparecamp.com. Retrieved 28 October 2018.
- ^'Integrating Oracle Business Intelligence / Siebel Analytics with Siebel CRM', oracle.com,.
- ^'Applied Multiway Data Analysis', onlinelibrary.wiley.com,.
- ^'Cloud BI: 5 Benefits of Cloud Business Intelligence', compudata.com,.
- ^'Mobile business intelligence brings benefits -- and barriers', searchbusinessanalytics.techtarget.com,.
- ^Exploring Data Warehouses and Data Quality Published by Spotless Data Retrieved 15 May, 2017]
- ^Exploring Data Analysis Published by Spotless Data Retrieved 15 May, 2017]
Retrieved from 'https://en.wikipedia.org/w/index.php?title=Business_intelligence_software&oldid=923611660'
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Avanade, a business technology solutions provider, conducted a study in 2012 that revealed that most companies have adopted various technologies to analyze and manage their data. Fifty-seven percent of the 569 respondents also admitted that they had access to numerous technological tools for the analysis and management of their business data in the past year. There are various business intelligence tools established as technological tools for data management that help you streamline your operations and get ahead of your competition.
OLAP
Online analytical processing is a multidimensional analysis business intelligence tool that enables you to analyze the same data from multiple angles. It boasts of various features such as being able to slice and dice and drill down into data, which ensure that it produces a high performance. Such a good performance arises from its in-memory technology or indexed file structures, also known as cubes. Investing in OLAP tool allows you to analyze data expeditiously by arranging the data in graphical or tabular form.
Data Mining
Data mining focuses its functions on four major processes: regression, association rule learning, classification and clustering. They assist you in finding a correlation between two different factors. When using the data mining tool, you use data in creating key patterns, which enables you to change any business operations if necessary. The tools are quite complex and require the expertise of specialized users to operate them effectively. Data mining tools work well when you have large volumes of information, such as a marketing list, which contains details of various potential clients who might need your services or products. Microsoft word ellipsis.
Query Tool
A query tool enables you to make inquiries about business data by searching for details or patterns. You can achieve this by connecting to your data warehouse from your computer before developing queries and reports. Ensure that your Query tool works well with ODBC- or OLEDB-compliant databases. It should also issue SQL commands and allow you to sort data according to columns. Query tools allow you to build numerous filters, seek any value of data and view the contents of any row or cell in a different screen.
Business Performance Management
Business, or corporate, performance management software allows you to monitor and manage your organization’s performance. You can perform this function using key performance indicators, such as operational expenses, return on investment and revenue. The software has an interface that shows figures for the performance indicators so that you can analyze your business’s performance in relation to corporate strategies and goals. Some of the features in CPM software include graphical scorecards and dashboards, which display business information.
References (3)
About the Author
Based in Ontario, Gary White has been writing business-related articles since 2008. He has worked for “The Bank of Canada” as an economic analyst, and currently works for Link Networking Communications Inc. as an editor. Gray is a graduate in Business Administration(Economics) from the University of Toronto.
Photo Credits
- Hemera Technologies/Photos.com/Getty Images
Choose Citation Style
, GARY. 'List of Business Intelligence Tools.' Small Business - Chron.com, http://smallbusiness.chron.com/list-business-intelligence-tools-62997.html. Accessed 09 November 2019.
, GARY. (n.d.). List of Business Intelligence Tools. Small Business - Chron.com. Retrieved from http://smallbusiness.chron.com/list-business-intelligence-tools-62997.html
, GARY. 'List of Business Intelligence Tools' accessed November 09, 2019. http://smallbusiness.chron.com/list-business-intelligence-tools-62997.html
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