Business Analytics Tools

Business Analytics Tools

The practice of analyzing vast volumes of data to discover patterns and relationships between different variables is known as business analytics, also known as data analytics. It is utilized in forecasting future trends, locating chances for the expansion of a firm, and enhancing the effectiveness of operational procedures. Tableau, Microsoft Power BI, and IBM Cognos Analytics are the three software packages I will analyze for my business case.

Tableau

Tableau is a business intelligence and analytics software allowing users to analyze and visualize interactive data. Users can quickly generate data visualizations thanks to its user-friendly interface, which features drag-and-drop capabilities. Tableau is a fantastic tool for efficiently studying data and gaining insights from that exploration. It provides many capabilities, such as interactive dashboards and geographic analysis, for users to use.

Microsoft Power BI

Microsoft Power BI is a business analytics platform hosted in the cloud and allows users to quickly build dashboards, reports, and visualizations. Data modeling, natural language querying, and predictive analytics are some of the additional features available through Power BI. It is the perfect instrument for creating interactive dashboards with potent graphics and insightful data.

IBM Cognos Analytics

IBM Cognos Analytics is a business analytics platform hosted in the cloud and offers assistance to enterprises in data analysis and visualization. It provides a complete set of features and capabilities, such as automated data preparation, natural language processing, and predictive analytics, among other things. Cognos Analytics is the ideal tool for businesses when it comes to quickly analyzing, visualizing, and monitoring data.

Tableau, Microsoft Power BI, and IBM Cognos Analytics are the three business intelligence platforms I would use for my business case. Each of these three tools is capable of analyzing, visualizing, and monitoring data, and they each offer a diverse set of features and capabilities to accomplish these tasks. Tableau is perfect for quickly exploring data and uncovering insights. Microsoft Power BI provides powerful visualizations and wisdom, and IBM Cognos Analytics is ideal for businesses that need to quickly analyze, visualize, and monitor data. Both Tableau and Microsoft Power BI are available for purchase. In addition, each of these three applications is hosted in the cloud, making them readily available and simplifying the process of working together.

Conclusion

In conclusion, Tableau, Microsoft Power BI, and IBM Cognos Analytics are the most compatible software solutions with my business case. Each of these tools comes with many features and capabilities, and they can all be used to rapidly analyze, visualize, and keep an eye on data. In addition, they are hosted in the cloud, making them easy to access and simplifying the process of working with others.

References:

Tableau. (n.d.). Tableau Software. Retrieved from https://www.tableau.com/

Power BI. (n.d.). Microsoft Power BI. Retrieved from https://powerbi.microsoft.com/

IBM Cognos Analytics. (n.d.). IBM. Retrieved from https://www.ibm.com/analytics/cognos-analytics

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Information researched and evaluated during weeks 5 and 6 of this course introduced students to Management Information Systems (MIS), such as ERP and CRM. These systems rely on collecting and evaluating data to inform business decisions and manage business operations. The purpose of MIS is to use technology as an enabler for businesses. However, one of the primary challenges companies face is that there are so many different systems, each of which provides other services and uses additional data.

Business Analytics Tools

For your final assessment, research and compare three different business analytics tools. Present a business case in which you determine the tools that are the best fit for the business. Justify your reasoning and selection criteria. You will present your case individually during the live class in Week 8. Your final paper must be at least 4-5 pages long, adhering to APA formatting requirements, not including the cover and reference pages.