Business Intelligence Software
What are the capabilities of Business Intelligence Software?
Business Intelligence software organizes and arranges data in a format that is easy for business users to comprehend. BI software can generate spreadsheets and reports that allow corporations to get an in-depth look at their performance. Software developers have realized that companies rely on unique sets of data to make their business decisions. To meet these requirements, BI software can perform a variety of functions which can be executed by business analysts. Click here to download our free training.
What are the common functions of BI software?
There are three common functions of BI software:
- Operational Reporting – These reports cover the everyday processes in a business. Managers who directly overlook transactional activities very often rely on this type of reporting. For example, retail managers who overlook cash registration processes use this functionality to track everyday sales and detect if there are any shortages. The best thing about this is that BI software allows this to be done in real-time.
- Forecasting – This allows business managers to make better predictions based on certain sets of data. That way they can calculate the profitability of their decisions and even predict the outcome of alternative solutions. This functionality is mostly used by high-level executives since their decisions have to be the most efficient and the smartest.
- Customer Intelligence – This is a useful tool that helps in analyzing customer trends. Organizations use this data to create a clear picture of their clients and to adjust their services to meet up with these trends. Employees in the marketing department most often make use of this functionality.
How to choose the right Business Intelligence Software?
First you have to determine the needs of your business. Smaller business owners often prefer a BI software that is capable of simultaneous handling of multiple functions. This is their choice because it is more cost effective than buying specific products for each department. On the other hand, large businesses purchase very specific BI software for each of their departments. This is a more focused approach and more expensive. But it allows managers to focus on data that is relevant only to their department. Click here to find available candidates.
What is the best Business Intelligence Software?
Without a doubt SAP AG is the leader in Business Intelligence software. SAP solutions uniquely enable collective insights by delivering an enterprise business intelligence software that gives you the power to interact with all your data on any device and across any platform. You can gain a real-time understanding of the company with detailed visualizations that employ you to analyze and report all types and amounts of data. SAP products empower people with self-service access to the data and visualizations they require. And that way they can make faster and more informed decisions. Click here to sign up for our Business Intelligence event.
SAP BusinessObjects Business Intelligence suite consists of the following components:
- SAP Lumira
- SAP BusinessObjects Dashboards
- SAP BusinessObjects Design Studio
- SAP Crystal Reports
- SAP BusinessObjects Analysis MS Office
- SAP BusinessObjects BI Platform
- SAP BusinessObjects Explorer
- SAP BusinessObjects Mobile
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