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What defines a cutting edge business analytics tool?
The adoption of business analytics doubled between 2013 and 2016, according to the BARC Research and Eckerson Group study BI and Data Management in the Cloud: Issues and Trends. The most popular tools are those that are designed to improve data exploration, including visual discovery. Additional factors that differentiate cutting-edge business analytics tools include extensive support for dashboard reporting (76%), ad-hoc analysis and exploration (57%), and dashboard authoring (55%). But there are dozens of new business analytics tools released into the market every year, making it a daunting task to select the best choice for any organization. Blogger Louis Columbus, of SelectHub, has tried to simplify the process, by identifying six key criteria to use in making a selection. His advice follows.
1. Intuitive, easy-to-use interface that’s customizable by business analysts.
“Business analysts and other power users value certain features, like flexibility, in their software,” notes Columbus. “For example, defining workflows, model creation and user interfaces are some of the features they value above others. The most cutting-edge business analytics tools are capable of guiding even non-technical users through the model creation process. They provide a rich contextual experience regarding data analysis options.”