Business intelligence tools are programs that collect and organize data from a variety of sources, conduct analyses on that data, and then present the results in digestible formats like dashboards, visuals, and reports.
With the help of business intelligence tools, your company’s data can be queried quickly and easily, allowing you to gain access to actionable business insights. These discoveries can boost productivity, facilitate quicker and more informed business decision making, aid in the elimination of bottlenecks, and increase revenue.
The 3 Best Business Intelligence Tools for Startups
Since there is no universal business intelligence tools, we have compiled a list of 12 of our favorites.
- Business user friendly
- Technical user friendly
- OEM BI Tools (original equipment manufacturers).
- Low entry fee
We’ll go over the 12 top business intelligence tools for startups, then go over the three most crucial factors to consider when making your final decision.
Finally, we’ll wrap things up by offering our perspective on why a business intelligence tools might not be the answer to all your data problems at the outset. Understanding that business intelligence tools are effective and useful in many modern data stacks but are not a panacea will help you make better decisions and set realistic expectations.
Easy-to-use business intelligence programs for newcomers
If you want to get people to start using data, you need to ensure that the tools in your data stack are intuitive enough that anyone in your company can pick them up and start using them right away. Consider this carefully if your business intelligence tools primary users will be working in fields like sales, marketing, or operations. As a result of their familiarity with spreadsheets and other operational documents, these business end users may be reluctant to adopt business intelligence tools. Moreover, they might be lacking in the ability to interpret complex technical data.
If this sounds like your organization’s users, look for a BI platform that requires minimal training time and effort. The user-friendly tools has a short learning curve and quick learning curve, is simple to set up, and does not require any chunks of code to get started.
Numerous business analysts swear by Tableau. Its drag-and-drop interface is both powerful and intuitive. Tableau is a great tools for teams that lack dedicated technical staff because it can be used without knowing any scripting languages or computer programming. The mobile app is nearly as powerful as the desktop version, which is ideal if your users frequently complete tasks while on the go.
The cost of using Tableau can vary. Pricing is determined by a number of factors, including the number of users (licenses), whether Tableau Cloud or Tableau Server is used for hosting, and the inclusion of optional features like Embedded Analytics.
Tableau has a low monthly cost of $70 per user. For more advanced capabilities, such as collaborative report editing, you’ll need either the more expensive Tableau Server or the cloud-based Tableau Online (which has more limited functionality). SQL expertise is required for the creation of complex data sets, which in turn enable access to additional advanced features.
2. Microsoft’s Power BI
Over the past decade, Microsoft Power BI has consistently topped Gartner’s Magic Quadrant for BI software. The Power BI solution includes the free Windows standalone application Power BI Desktop, the hosted service Power BI Services, and the server-based application Power BI Report Server.
Organizations with a significant investment in the Microsoft/Azure/Office365 ecosystem will benefit greatly from the inclusion of Power BI in Office 365 Enterprise Edition. For startups that already use Microsoft products, it’s a good option because of its low price and robust feature set. It offers powerful analytics and a variety of machine learning options. Microsoft Azure supports its AI features.
Power BI’s user interface is clean and straightforward, and the dashboards it creates are simple to navigate and full of informative graphics.
Qlik is a highly customizable business intelligence solution that caters to large organizations but can be used by anyone who needs to analyze and visualize data. It’s machine learning product vision is solid.
Qlik is completely cloud-based, making installation and use a breeze. Its AI features make data analysis simple even for non-technical users. However, its user interface (UI) may not be as user-friendly as those of the other BI apps reviewed here.
If you’re serious about using Qlik, you should check out their own pricing page. Qlik Sense’s license fee covers access to the software’s analytics and business intelligence features. Qlik Catalog, Insight Advisor Chat, and Qlik NPrinting are all paid extras that extend the capabilities of Qlik. For $30 per user per month, you can take advantage of Qlik’s cloud-based business data analytics service, Qlik Sense.