Question

STEP 3 - Deliverable Describe the different Bl tools available to modern organizations, and provide examples from the videos of how these tools are supported by technology providers.

Answer 1

Some of the top business intelligence tools are spreadsheets, software for reporting and query display, Online Analytical Processing, digital dashboards, data mining, data warehousing, decision engineering, process mining, business performance management and geographical information systems.

Spreadsheets: Generally used is Microsoft Excel, open source spreadsheets software, web based spreadsheets. There is also business intelligence software with spreadsheet as front end user interface.

Digital dashboard: Dashboards are easy too read real-time user interface, which shows a graphical presentation of the current status.

Reporting and querying software: Reporting and querying software are either open source or proprietary software which are used to report, query, sort, filter and display data.

Data Visualization Software: Data Visualization Software helps you with visual analysis of datasets to create visualization of your data in minutes for meaningful insights. These visualization makes it easy to discern and share insights with in your departments.

Corporate Performance Management Software: Corporate Performance Management tools enable the middle and senior management of an organization to review the performance of enterprise in achieving the pre-selected goals.

OLAP Tools: OLAP is online analytical processing. OLAP tools helps users to interactively analyze the data from multiple sources in a multidimensional view based on the users business perspective. The functions in OLAP are drill down, drill up which is the consolidation, swap, aggregation, disaggregation, slicing and dicing.

Self Service Business Intelligence: Self Service BI is an approach which enables business users to access and analyze data without the help of IT.

Mobile Business Intelligence: Mobile Business Intelligence is about bringing Business Intelligence to mobile workforce on the go by providing them the ability to read historical data and analyze the real time information on mobile devices such as smartphones and tablets.

Embedded Business Intelligence Software: Embedded Business Intelligence Software is the integration of business intelligence capabilities within business process applications, portals and other systems.

Extract, Transform, and Load Software: ETL Software are software tools that are used to combine, blend, clean, profile and audit data from different sources.

Self Service Data Preparation Software: Self Service Data Preparation Software enables the data analysts to prepare and clean data to perform analyses without the help of IT team.

Data mining Tools: Data mining tools are discovering patterns in large data sets involving methods using artificial intelligence, machine learning, statistics, and database systems.

Data warehousing Tools: Data warehousing is a central repository of data. This is created by integrated data retrieval from different sources. This acts as a consolidated repository for storing the data for future retrieval for analysis.

Decision intelligence: Decision engineering is a framework for decision making. This bring together many techniques such analytics, reasoning and machine learning techniques to overcome the issues in decision making.

Process mining: Process mining is analysis based on event logs stored in an information system which is aimed at providing information for process analysis and governance.

Business Performance Management: Business performance management is a set of processes for managing the performance of an organization using the selection of the goal, consolidation and review.

Unified Modeling Language: Unified Modeling Language is a modeling language to help system and software developers for specifying, visualizing, constructing, and documenting the software systems.

Local Information Systems: Local information systems are designed primarily to support geographic reporting.

Business Intelligence Solution transforms the raw data into meaningful and useful information for intuitive presentation of knowledge and for the publication of business intelligence objects.

Business Intelligence solution enables, the collection and ingestion of intelligence data through enrichment and augmentation. Business Intelligence solution can handle large amounts of information through collaboration.

The Business Intelligence solution helps to identify and develop new opportunities through theories, methodologies, processes, architectures, and technologies.

Business intelligence deployment can bring additional business value in all of the business verticals. Tangible benefits can be achieved in measurement, analytics, reporting, enterprise reporting, collaboration, collaboration platform, knowledge management.

Business Intelligence tools are used to provide insights from structured data. With the tools companies can track various user defined KPIs. Business Intelligence tools drive data driven decision-making processes.

Availability of the business Intelligence tools on cloud enables fast and real-time access to crucial data in spite of location. Data can be integrated and formatted from different sources and this enables managers to run various ad hoc reports. Improved business processes leads to enhanced efficiency and productivity.