In recent years, the importance of Business Intelligence (BI) has steadily increased. BI tools aim to extract valuable insights from a wealth of data, enabling businesses to identify trends and forecast future business developments. Understanding the company’s current state is crucial in steering the business in the desired direction. This article presents three solutions that are considered leading options in the market according to the current Gartner Magic Quadrant 2023.
The current leading solution is Microsoft’s Power BI. It is an end-to-end solution for data preparation, visualization, and analysis. It is available as a Software-as-a-Service (SaaS) option in the Azure Cloud or as an on-premises solution on the Power BI Report Server.
Tip: Power BI is particularly suitable for companies already leveraging the power of Microsoft and in need of an end-to-end solution for data analysis and visualization.
Another well-known solution is Tableau, whose eponymous developer company was acquired by Salesforce in 2019. The focus of this solution is on highly appealing data visualization. It also offers self-service authoring capabilities.
Tip: Tableau suits companies that already use an ETL (Extract, Transform, Load) tool and value visually appealing reports. Due to its relatively high licensing costs, it may not be the best entry-level solution.
Ranking third among the current top solutions is Qlik Sense. In brief, this tool can be described as an integrated end-to-end platform for self-service business intelligence (BI) that can handle large data volumes and complex data transformation projects.
Tip: Qlik is suitable for small and medium-sized businesses and large enterprises in need of an integrated all-in-one solution with a solid architecture and data privacy.
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Gartner: Magic Quadrant for Analytics and Business Intelligence Platforms.
Datapine: Business Intelligence Software. Ein aktueller Vergleich von BI Tools, Lösungen & Plattformen