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Packed with powerful features, today's state-of-the-art business analytics tools facilitate efficient data collection, analysis, and presentation in real-time, empowering enterprises to identify trends/patterns in vast datasets and create new business analytics models. Here are the top 10 most innovative business analytics tools to use in 2022.
Altair offers an open, scalable, unified, and extensible data analytics platform with integrated data transformation and predictive analytics tools. Desktop-based data preparation is available via Altair Monarch, while Knowledge Hub features team-driven data prep and a centralized data marketplace to speed collaboration and governance. Machine learning and predictive analytics are made available inside Knowledge Studio. Altair Panopticon houses the company's streaming processing and real-time visualization capabilities.
Alteryx is a self-service data analytics software company that specializes in data preparation and data blending. Alteryx Business Analytics allows users to organize, clean, and analyze data in a repeatable workflow. Business analysts find this tool particularly useful for connecting to and cleansing data from data warehouses, cloud applications, spreadsheets, and other sources. The platform features tools to run a variety of analytic jobs (predictive, statistical, spatial) inside a single interface.
Amazon QuickSight is a serverless and embeddable business intelligence service for the cloud featuring built-in machine learning. The product lets you create and publish interactive BI dashboards that can be queried using natural language. It can automatically scale to thousands of users without any infrastructure. QuickSight also touts pay-per-session pricing so customers only pay when users access dashboards or reports. Dashboards can be accessed from any device.
AnswerRocket offers a search-powered data analytics platform designed for business users. The product enables you to ask business questions in natural language, and no technical skills are needed to run reports or generate analyses. AnswerRocket features a combination of AI and machine learning, as well as advanced analytic functionality. The platform can also automate manual tasks and answer ad hoc questions quickly. AnswerRocket is mobile-friendly and includes native voice recognition.
BOARD combines business intelligence, performance management, and predictive analytics into one platform. As a result, any change to data, data models, security profiles, or business rules is immediately propagated to every application. The solution provides all the tools required to create and update databases, data presentations, analyses, and process models. The company also offers BOARD Cloud, a SaaS version of the platform, backed by Microsoft Azure.
Domo is a cloud-based, mobile-first BI platform that helps companies drive more value from their data by helping organizations better integrate, interpret and use data to drive timely decision-making and action across the business. The Domo platform enhances existing data warehouse and BI tools and allows users to build custom apps, automate data pipelines, and make data science accessible for anyone across the organization through automated insights that can be easily shared with internal or external stakeholders.
Hitachi's Pentaho analytics platform allows organizations to access and blend all types and sizes of data. The product offers a range of capabilities for big data integration and data preparation. The Pentaho platform is purpose-built for embedding into and integrating with applications, portals, and processes. Organizations can embed a range of analytics, including visualizations, reports, ad hoc analysis, and tailored dashboards. It also extends to third-party charts, graphs, and visualizations via an open API for a wider selection of embeddable analytics.
IBM offers an expansive range of BI and analytic capabilities under two distinct product lines. The Cognos Analytics platform is an integrated self-service solution that allows users to access data to create dashboards and reports. IBM Watson Business analytics offers a machine learning-enabled user experience that includes automated pattern detection, support for natural language query and generation, and embedded advanced analytics capabilities. IBM's BI software can be deployed both on-prem or as a hosted solution via the IBM Cloud.
Incorta is a data platform that speeds up data ingestion and provides hastened join performance. The vendor has dubbed its product as 'The Industry's First No-ETL Data Warehouse.' Incorta features a Direct Data Mapping engine which provides real-time aggregation of complex business data without needing a data warehouse. Users can drill from the top line, aggregated KPIs to supporting transaction records with one click. Incorta also enables you to drill anywhere with user-defined drill paths and hierarchies.
Infor Birst is a cloud-based analytics solution that connects an organization using a network of interwoven virtualized BI instances. The provider's flagship product is its Networked BI platform. The tool features an adaptive user experience, multi-tenant cloud architecture, a user data tier, and a completely virtualized data ecosystem. These capabilities enable the use of BI across multiple regions, product lines, departments, and customers. Customers most commonly use the product for BI provisioning, and because it is cloud-based, decentralized analytics as well.
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