What to Look for in a New Business Intelligence Platform

What to Look for in a New Business Intelligence Platform
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Date:
January 5, 2021

A business intelligence platform can improve the analytics of technology users, help you score the highest ratings amongst your consumers, and give you insight into your operations. If you consider yourself a business visionary, it’s important to use an analytics platform to help you achieve the completeness of vision that your brand requires. Your MicroStrategy needs to be as impactful as possible and using the right business intelligence platforms can help you.

However, with so many business intelligence platforms on the market, how do you make the right decision for your organization? Whether you’re looking for a designation of BI that can serve a particular purpose or you need power BI to enhance your enterprise’s information builders, it’s important to know what to look for in various BI platforms.

Rely on research organization data.

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When you’re looking for a power BI platform, you should start with research publications. For example, Gartner research publications such as the 2020 Gartner Magic Quadrant Analytics and Business Intelligence Report offers great insights into different challengers in the BI market. The Magic Quadrant combines qualitative data and the opinions of Gartner to determine which vendors have the most to offer information builders. When you’re using reports like the Magic Quadrant, you don’t want to simply look at vendor scores. Take all of the analytics into account as well as the context of the entire document.

Certain affiliates offer warranties such as warranties of merchantability. Other affiliates have more intuitive dashboards. For a look at BI platforms and their applications, use a combination of your own experiences, statements of fact, and the data science compiled by Gartner as part of a larger research document. While you don’t have to rely solely on Gartner data, the reviews it offers insofar as BI software product innovation is often invaluable. Buyers often appreciate reports that offer ease-of-use, insight into the top applications, and the potential for large-scale deployments. Plus, when you spot brands that place in a Gartner document for consecutive years, it shows they have the strength to aid your business in the long run.

Review feature sets.

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When you’re looking to incorporate modern analytics into your business, you need the right data culture and developer tools. Intuitive dashboards are also a key benefit that can benefit your MicroStrategy on the whole. Certain power BI platforms are more feature-rich than others. However, this can come at a cost. When you incorporate hyperintelligence and data preparation features, you’re liable to pay more than you might have for some competitor products. Of course, it’s up to you to determine what is and isn’t applicable to your MicroStrategy. For some brands, hyperintelligence and data preparation represent massive cost-savings. For others, these are extraneous features that can’t be deployed in an enterprise’s current architecture.

Weigh costs against benefits.

If you’re looking at the overall tableau of BI options, you’re going to see quite a variety of platforms. While you may be able to save money by partnering with niche players, does the niche player software stand against an industry leader’s platform? You need to be able to compare features against the potential expenses. After all, incorporating business intelligence won’t do you much good if you’re hemorrhaging money as a result of your acquisition. You need to stay revenue-conscious when you’re comparing different platforms and software applications.

The right power BI platform can make a massive difference in your business structure as well as your daily operations. For many brands, the insights offered by business intelligence are invaluable. Simply remember to follow a few key best practices when deciding on a platform.

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Written By
Staff Reporter

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