What are the must have features of a Business Intelligence software

Depending on their unique circumstances and industry, several firms will engage in a business intelligence (BI) system for a variety of reasons.

Businesses in today's world are under ongoing pressure to adapt to the most latest improvements in their industry. Business intelligence (BI) systems, which enable organisations to more efficiently gather, analyse, and manage data, have been developed as a result of this pressure. An extensive range of tools and capabilities made available by purchasing a business intelligence system enables more individuals to examine data, make choices, and enhance operations.

Here are a few characteristics you should demand in any Business intelligence solution you examine, regardless of your preferences and regardless of the specifics of your intended use.

Mobile BI

Accessing data and conducting analysis on smartphones and tablets is referred to as mobile business intelligence. Access to KPIs, measurements, and dashboards while on the move is made possible through mobile business intelligence.

To promote collaboration among team members, add remarks and share annotated smartphone displays. It provides interactive reports and dashboards that are designed for mobile.

Integrate Data Sources

The ability to combine data sources is a final Business intelligence aspect associated with connecting your information. In other words, combining data from many sources to conduct cross-database queries and get sophisticated business insights is simple.

To gain the insights you need to grow your organisation, you must have the technology to combine and match data from various sources. By quickly defining connections between your various sources, such as by creating foreign keys, modern Business intelligence solutions ought to give you this power.

Predictive Modelling

One of the elements of Business intelligence systems that is gaining popularity is predictive analytics, which can be quite useful for firms looking to improve their operations and future growth. The predictive analytics component seeks to produce predictions regarding future performance, as its name suggests.

This is accomplished by utilising mathematical models to evaluate both recent and historical data to discover links, trends, as well as patterns that may be used to provide precise forecasts of how a certain data set might grow in the future.

Analysis and Reporting of Data

These are the items that are referred to as "business intelligence tools," and they are used to evaluate and report on data. To gain access to and query data repositories for data analysis, you must set up these BI tools.

They enable you to produce dashboards and visuals that are simple to read and comprehend. Good BI solutions enable you to create and distribute insights to stakeholders so they can keep a close eye on key performance metrics.

Trend evaluation

Another crucial component of business intelligence is trend analysis, which, as the name implies, allows you to quickly spot patterns in your data and stay one step ahead of your competitors.

You can apply different trendlines to the data points in your charting to depict different types of trends.

Accessibility across all devices

You may view your dashboards from any location and on any device, you require thanks to the functionality for cross-device accessibility.

Once your sources are linked, you no longer have to worry about the manual process of updating them because the tool will give you new insights as shortly as new information becomes available. Interactive online dashboards involve real-time data that needs to keep you updated on everything that occurs in your business.

Managing Data

Data management entails gathering, combining, investigating, and cleansing data in preparation for analysis. To make a new data set, combine numerous existing ones.

Utilizing visualisation tools, investigate data to find trends, patterns, traits, and points of interest. To enable in-depth data analysis, perform OLAP operations such as drill-up, and drill-down, as well as slice and dice.

What makes these fundamental components of business intelligence platforms so important?

Traditional data warehouse construction and maintenance costs could be too high for some firms. In the end, business intelligence applications in Saudi Arabia  offer a more affordab    le approach to handling data—but only if they incorporate the crucial elements mentioned above.

In addition to offering a full suite of augmented advanced analytics, such as assisted knowledge and insight, natural language query (NLQ), and automated analytics, eWAY offers all of these crucial business intelligence features. These tools can be integrated into your application and assist BI users of all skill levels in spotting and resolving issues before they worsen.

Take a peek at the eWAY business intelligence system for yourself, though, and see for yourself what we mean.