Business intelligence

Business intelligence applications generally turn raw data into lists, charts and other graphics to present information in a way that can be quickly and easily understood. 

In many instances, a large company will build its own BI platform from the ground up to enable the platform to ingest data from all of its departments and give management a comprehensive view of the company’s operations.

But in many other instances, a ready-made BI platform can be acquired and small customisations can result in the production of a fairly good dashboard that provides insights into a business.

The slight problem of the latter option is that sometimes it’s difficult – or even impossible – to connect a data source to whatever BI platform you have chosen.

According to iDataLabs.com, approximately 183,000 companies currently use ready-made business intelligence applications, and the top 30 are as follows, along with their install base – the number of companies iDataLabs found using the software:

  1. Tableau : 28,483 installations
  2. Cognos : 24,314
  3. Hyperion : 16,098
  4. QlikView : 12,584
  5. QlikTech : 10,530
  6. SAP Business Objects : 10,180
  7. Oracle Business Intelligence Enterprise Edition : 8,384
  8. MicroStrategy : 7,919
  9. Pentaho : 6,853
  10. Microsoft power BI : 5,456
  11. Oracle Hyperion Enterprise : 5,072
  12. Jaspersoft : 3,992
  13. Cognos 8 : 3,325
  14. Tibco Spotfire : 3,322
  15. SAS Enterprise : 3,203
  16. Highcharts : 2,724
  17. Cognos 10 : 2,712
  18. Tableau Server : 2,283
  19. Tableau Desktop : 2,078
  20. Information Builders : 1,898
  21. Alteryx : 1,591
  22. WebFOCUS : 1,584
  23. Qlik Sense : 1,530
  24. Google Chart Tools : 1,376
  25. SAS Business Intelligence : 1,336
  26. Oracle Business Intelligence Publisher : 1,256
  27. Cognos Series 7 : 1,021
  28. JMP : 892
  29. Actuate : 873
  30. Birst : 630

The main reason managers want to use business intelligence software is to visualise data and discover patterns and make decisions based on actual data rather than hunches and instincts.

The software is increasingly becoming popular across many different departments, but the general view is that it’s most useful for finance and accounting managers, with industry analysts predicting that the majority of such job functions will integrate business intelligence knowledge.

LEAVE A REPLY

Please enter your comment!
Please enter your name here