A Business Intelligence (BI) and Analytics platform is a software solution used to create and manage data visualisation.
The importance of having a system that is easy to use for all levels of user cannot be underestimated. A system that is too complicated for the average user means that it will not be used, and the company will never reap the benefits from using data visualisation. Therefore, a system that is designed with all levels of users in mind should be considered.
An important consideration when choosing which platform to use is how it integrates with your data sources. The platform should have native connectors to the most common databases, and have an API on which custom integrations can be built. You should avoid platforms where you need to build or buy separate connectors or ETL tools, as this adds cost and complexity to your deployment. These visualisation show the data of your organisation in understandable visuals to help you execute on them.
Your Analytics Platform is built to help you better understand your organisation’s key performance indicators. This can help you and your team make faster, better decisions through insights that empower you to execute on the data. The platform provides an overview of the key metrics captured from your organisation, which allows for quick access to visualisations and deeper insights for specific areas of interest.
A BI platform aggregates data from multiple sources to give users a better understanding of the data. A business intelligence platform is a type of software that aggregates data from multiple sources, allowing the user to gain a better understanding about what's going on in their organization. The platform collects information from different sources, like Excel spreadsheets, Salesforce, and your CRM software, and brings them together in one central location. It then organizes the data and presents it in graphs and charts that are easy to understand. Because the data is coming from so many places and has been around for so long (sometimes even years), there's usually some cleaning and matching that needs to happen before it can be integrated into your platform.
Its important that these sources easily integrate into your solution and that you are able to clean and match the data in your platform. The way you set up your data structure and the way you match and clean your data has a major impact on how easy it is to use the platform. We've seen that most of the platforms out there are created by developers, but not product managers or business analysts, thus they are clunky and difficult to use. The source of truth for all analytics tools is the data. If you provide a solution for matching and cleaning this data, then users will be able to easily connect their other data sources and have a true one-stop shop for their analytics needs.
BI platforms show the relationships between different elements of the data, allowing users to spot key trends and patterns easily. Visualization is perhaps the most meaningful and communicative element of a BI platform. Data is visualized in charts, graphs, maps, and other tools so that users can easily see relationships between different elements of the data. This allows users to spot key trends and patterns easily—helping them make better business decisions based on accurate insights into the data.
Using these platforms’ development tools, you can create stunning visualizations for your data with just a few clicks. But what about your company’s unique requirements? Should you consider investing in a custom-built solution? As you can see, there are a number of platforms that you could consider for your company. However, to choose the right platform for your business, you have to understand what kind of data is being stored and how it will be used.
Next, you need to look at the cost of how much the platform will cost, both per month and per user. Finally, there are other factors that should be considered such as the ease of use and whether there is a load time issue. Find the best platform for your organisation by going through the top platforms below.