Business Intelligence Software and Tools

Business Intelligence comprehensively refers to a variety of technical software applications and tools used to analyze raw data. These BI (Business Intelligence) technologies are proficient at managing large amounts of unstructured data to help identify, develop, and create fresh strategic business opportunities. BI as a discipline is made up of numerous connected activities, containing online analytical processing, data mining, querying, and reporting. Recognizing the opportunities available, and applying an operative strategy based on insights, can provide businesses with an economical marketplace improvement and longevity.

Common Features of Business Intelligence Technologies are:

• Reporting
• Data Mining
• Text Mining
• Process Mining
• Analytics
• Complex Event Processing
• Prescriptive Analytics
• Predictive Analytics
• Benchmarking

In BI, strategic business judgements contain priorities, directions, and goals at the highest level. Companies use BI to improve decision making, amend costs, and recognize new business opportunities. It's more than just corporate reporting, and, beyond that, a set of tools to encourage data out of enterprise systems. With today’s BI tools, professionals can begin analyzing data themselves rather than waiting for an IT expert to run multiple reports for analyzing. Although BI holds great promises, implementations also create cultural and technical challenges. Executives must guarantee that the data provided for BI applications is clean and reliable to build trust among their users.

MiSoft Solutions offers Business Intelligence software and tools for timely, well-informed decision-making in a range of operational settings — no matter what the existing combination is of platforms, applications, or infrastructure environments. MiSoft's scalable, modular architecture offers the flexibility needed for easy deployment in any environment.

MiSoft Solutions' BI Software enables your Enterprise to:

• Process requests quickly, intelligently, and efficiently
• Respond to varying conditions affecting your organization
• Transform raw data into intuitive reports simply and rapidly
• Boost reporting systems by incorporating transactional formssame as data maintenance and update competencies
• Provide information to both local and remote employees in the layout that works best for their technical capabilities, whether it's HTML, Adobe PDF, MS Excel, and e-mail or active technologies with integral analytics capabilities

With the expertise, tools, and capabilities to design a custom solution that fits your unique needs, we're the analytics collaborator that will create the competitive advantage you're seeking.

Different Types of Business Intelligence Tools:

• BI Reporting Tools
• BI reporting tools generate reports out of raw data from a source — databases, XML streams, or spreadsheets — and use this data to generate a document in a format that's accessible to the average reader. Standalone report producers can work with numerous data sources and export reports into different document formats
• Information Systems theory identifies that processed data, called information, delivered to a reader must be relevant, accurate, and timely. Report generating tools focus on this requirement by making sure that the information is conveyed in an accessible way to the target audience
• BI Dashboard

For BI management of information systems, a dashboard is an easy-to-read, real-time user interface that reflects data and charts with graphic images that can be interpreted by the reader at a glance. The dashboard serves as a progress report, usually accessible as a web interface connected to a database, which allows the reports to be constantly updated with real-time results.

More companies are gradually turning to the use of dashboards as a method for understanding the company's performance. Customized dashboards collect and organize existing information in a manageable way that lets businesses more efficiently measure, monitor, and manage the way they meet their missions.

Some Popular Business Intelligence (BI) Tools:

Crystal Reports

Crystal Reports are a robust BI reporting tool application, presently promoted for smaller companies. It's used to design and generate useful information from almost any data source into interactive, actionable reports from a wide range of data sources that can be accessed offline or online.

Features and Benefits of Crystal Reports:

• Mobile interactivity
• Powerful report distribution options
• Comprehensive data connectivity
• Extended support for Microsoft Excel

SQL Server Reporting Services (SSRS)

SSRS, SQL Server Reporting Services, offers a wide collection of ready-made services and tools to aid businesses in generating, deploying, and maintaining reports. Reporting Services embraces programming features that enables users to extend and customize reporting functionality.

Features and Benefits of SSRS:

• Interactive, tabular, and graphical free-form reports
• Relational, multidimensional, and XML-based data sources
• Rich data visualization, e.g., charts, maps, and sparklines
• Variety of viewing formats and export reports to other applications, e.g., MS Excel