Top 10 BI vendors
In an ever-evolving world, companies are required to monitor, interpret, and implement lessons learned from a constant flow of raw business data in order to respond efficiently to market change.
Business intelligence companies assist in this by providing services, ranging from historical examples of market behaviour, analysis of current trends, and predictive analysis of future business operations.
This list examines the world’s top ten business intelligence companies, according to Predictive Analytics Today (PAT), striving to corner a market predicted to be worth $84.47bn by 2025.
10 | Bitam
Located in Roswell, Virginia, Bitam provides business intelligence products and services to organisations worldwide. The company’s products include Artus, an integrated BI platform intended to provide ease of access to analytics and predictive models that improve decision making. Bitam also provides Ektos, a financial planning package, Stratego, a planning suite that allows enterprise performance to be compared to corporate goals, and Advisor, an alerts and notifications system, according to Bloomberg. Although the company has over 1000 clients in its portfolio, including Black & Decker, Coca Cola, and Home Depot, Bitam is still relatively unknown in the US, but growing in terms of market share year-over-year, according to Betterbuys.
9 | Prognoz
Based in Perm, Russia, Prognoz is “an international software vendor delivering advanced analytics and visual discover solutions”, according to the company site. The company focuses on complete integration of its analytics software to provide fully-customisable reports to the end-user. According to Betterbuys, Prognoz excels due to its “unique library of modelling tools, 3D visualisations,” which are delivered to the client in easily digestible formats. Making user-customisation available and simple does mean an absence of 24-hour customer support services from the Prognoz package.
8 | Birst
San Francisco business intelligence company, Birst, emphasises cloud-based, multi-tenant system, for data processing, delivered to the end-user via adaptable data-consumption platforms. According to Cision’s report of the Gartner Critical Capabilities for Analytics and Business Intelligence Platforms report, 2018 marked “the second consecutive year that Birst has received the highest score for the OEM or Embedded BI use case and the third consecutive year that it has received the highest score for the Extranet Deployment use case”.
7 | Targit
Danish business intelligence provider, Targit is based in Hjørring, along with subsidiary company Targit, US Inc. and provides its suite of BI products to customers worldwide, including management staff at Mercedes-Benz, according to BITool. The company’s flagship product, Momentum, is designed to provide customised data analysis and parsing solutions to suit the needs of its customers, with a focus on shrinking large data sets by identifying key information and eliminating unnecessary traffic. Targit does this through its partnerships with industry-leading consultants, brokering partnerships to aid companies in extracting maximum efficiency from the company’s software.
6 | Pentaho
Based in Orlando, Florida, Pentaho provides a unique software product that emphasises the growing need for rapid results in the developing BI market. According to Betterbuys, “Pentaho distinguishes itself in its unique ability to combine data integration with analytical processing, which saves users both money and time”. Pentaho’s software is also geared towards mobile and tablet integration, and “allows users to combine their data with Amazon Redshift and Cloudera Impala”, further improving the suite’s analytical capabilities. The software package recently experienced a large update that improves data-visualization and is now available in available in German, French, and Japanese.
5 | Logi Analytics
With headquarters in Mclean, Virginia, Logi Analytics embraces business strategy author Wayne Eckerson’s ethos, that “the best BI is invisible”. Logi’s business intelligence software platform is geared towards seamless integration with “development languages, technology frameworks, security, and skills that are already in place”, according to the company site. Additionally, the company’s flagship BI suite, Logi Elements boasts a fully-customisable UI to improve end-user engagement and preserve customer branding. Betterbuys recommends Logi to companies looking for an inexpensive and rapid ROI.
4 | Domo
With head offices in American Fork, Utah, Domo’s business intelligence products are regularly described as falling behind Tableau in ease-of-use, and Microsoft for cost. However, according to InfoWorld, Domo “stands out with support for lots of data sources and lots of chart types, and the integrated social media feature”. The company’s software effectively combines an ETL system with a unified data store and “a large selection of visualisations”, making it a tempting midpoint between price and performance.
3 | Sisense
Sisense is jointly based in New York, NY, and Tel Aviv, and is boasting some of the most innovative hardware in the increasingly-agile BI market. The company’s in-house innovation In-Chip technology utilises CPU areas of microchips (in addition to Disk and RAM) in order to process data “ten times faster” than in-memory parsing. The company is also bringing innovations from the developing IoT, machine learning, and AI into its BI solutions products. “Sisense won an award at Strata conference for crunching 10 TB of data on a less than a 10K computer all in 10 seconds.”
2 | Tableau Software
The industry-leading BI software for its ease of use is widely agreed to be made by Seattle, WA-based company Tableau Software. With its analytics interface powered by the company’s own VizQL technology, Tableau was described by ITPro as having “more sophisticated visualisation tools and deeper controls” (than Microsoft’s competitor product). After switching company-wide to Tableu’s business intelligence analytics platform in 2016, German airline Lufthansa reported an efficiency in report-processing and logistics management of 30% in a single year.
1 | Microsoft
Microsoft’s software stack Power BI leads the PAT list with a combination of robust analytical capabilities, wide-ranging data support (including MySQL, SAP HANA, JSON, and more), and affordable pricing. Power BI users “can create personalised dashboards with a unique, 360-degree view of their business.” The most-recent large update to Power BI features the Power BI Report Server, which provides a platform for creating and managing company reports in-house, through local servers, as opposed to the previously unavoidable cloud storage. ITPro’s report in 2017 concluded that: “If you're looking for a general-purpose business intelligence platform, Power BI is almost certainly your best bet.”