Business Intelligence Software:

Business intelligence software is a type of application software designed to retrieve, analyze, transform and report data for business intelligence. The applications generally read data that has been previously stored.

The right business intelligence software solutions offer multiple benefits to small and large businesses alike. You can utilize them to get actionable insights from your data and use these insights to make smart decisions.

Key features of Business Intelligence Software

• Data Analysis. Analysis allows businesses to assess the potential effects of business decisions before they’re actually made, helping accurate and strategic planning.
• Data Visualisation. Reports can be difficult to interpret, business intelligence software possesses excellent data visualization capabilities, ensuring intuitive data visuals that are easy to understand and simple to interpret.
• Dashboards. Personalized interactive dashboards that refresh in real time and are easily understood.
• Reports. Business intelligence software constantly collects and analyzes data in real time with the ability to generate customized reports in a variety of formats.
• KPI's. Key Performance Indicators (KPIs) are one of the main ways of establishing what your business needs to achieve, and measuring whether you’re on track to achieve it. A KPI dashboard takes this a step further by bringing all your KPIs together in one place.

Benefits of Business Intelligence software

• Faster Reporting
• More accurate reporting
• Easier analysis and planning
• Better business decisions
• Improved data quality
• improved employee satisfaction
• Improved operational efficiency
• Competitive advantages
• Reduced costs
• Increased Revenues