Many companies are seeking Business Intelligence (BI) solutions to get an in-depth insight of their business data and for strategic decision making. Companies are investing and betting big on Data Warehousing (DW) and Business Intelligence Tools. Data Warehouse is a container stores data from multiple sources and transforms it into an understandable, multidimensional format that can be efficiently queried and analyzed.
The Purpose of BI Solutions
With the use of Business Intelligence solutions and tools, users can run complex queries on their Data Warehouse and analyze data in the form of detailed reports and data dashboards. The data fetched from Data Warehouse is highly accurate, meaningful and up-to-date.
One can query the vast amount of information concerning Customers, Supply Chain, Inventories, Sales, Profit, and Loss or any other Key Performance Indicator (KPI’s) of company’s core business.
The BI Process
DW system integrates data from different heterogeneous data sources and is uploaded from Transaction/Operation Systems- Sales, Marketing and ERP systems like SAP ECC, Business One or Microsoft Dynamics.
The common BI tool styles include:
- Dashboards and scorecards
- Corporate performance management
- Spreadsheet integration
- BI search
How BI 360 is integrated?
BI 360 suite provides excel based reporting software that can directly connect to different systems such as ERP, CRM and BI 360 Data Warehouse. This integration can help users derive consolidated financial, operational or other customer data reports.
Evaluation and Selection of right Business Intelligence(BI) Tool
The BI vendor landscape is highly disparate and competitive. There are over 100 odd players competing to capture the market. Added to this, there have been significant number of mergers and acquisitions that can confuse prospects and customers.
Primary factors to consider for Business Intelligence Solutions and Business Intelligence Consulting:
- Technology Consideration
- Features and BI Reporting requirement
- Licensing Cost and Expenditure
- ETL and DW support
- Online Community support
- Vendor Support
Selecting the right BI Analytical tool and solution that best suits your business requirement is a critical process for the success of any BI project. Most enterprise vendors or Titans as listed below provide the complete BI suite in a single product with features ranging from reporting to dashboard tools inclusive of DW and ETL solutions.
BI vendors can be mainly categorized into three groups:
These include market leaders IBM, SAP, and Oracle, and they dominate many other technology markets who secured their top positions by acquiring the then market leaders about eight years ago — Cognos, Business Objects and Hyperion. These products are suitable for medium and large enterprises with vast amounts of data and advanced level BI reporting needs. For these products, the company may employ a BI specialist to run the relevant data warehouse process and BI development as per the business requirements.
This includes niche players like MicroStrategy, SAS and Information Builders. Niche products are easy to use and provide a lot of ad-hoc reporting features to end users. Specialist vendor mainly focuses on the usability of product and front-end features of the product.
These vendors are often disruptive and offer innovative features such as data discovery, data visualization, and cloud BI. Tableau, QlikTech, TIBCO, Logi Analytics and Birst are some of the well-known vendors who belong to this pack. Typically, the licensing cost quoted by these vendors are cheaper as compared to other enterprise products.
Typically, most businesses often decide to select between Microsoft Power BI, BI 360 or SRSS BI tool. Ultimately, selection of the right tool bottles down to mapping the business requirements with the feature set of the tool. Click on the below tab to compare MS Power BI, BI 360 and SRSS tools.
COMPARISON OF MS POWER BI vs BI 360 vs SSRS
SSRS is an enterprise Business Intelligence tool considered as traditional static tool for BI development with no feature of data visualization on unstructured data. SSRS is part of the SQL stack and a user goes through significant learning curve to develop BI reports. The business has to pay huge amount of license fee to build and run on the SQL Server.
Power BI is part of the Microsoft Office 365 suite and is often considered the modern BI and data visualization tools for end users. One can easily create reports on Power BI just by dragging and dropping objects plus the data is stored on the cloud.
SSRS is mostly used for pixel perfect reporting and printing of reports while Power BI is mostly used to create amazing data visualizations and dashboards with minimal training.
Solver BI 360
Solver’s BI360 is a complete Business Intelligence (BI) and Corporate Performance Management (CPM) suite with reporting, budgeting and dashboard modules. The BI360 suite also offers a data warehouse to combine data sources that empowers all business users to derive self-service analytics reports. Solver BI 360 can help users create real time, elf serve reports that can aid in fast and efficient decision-making.
Detailed Comparison Metrics between Microsoft Power BI vs Solver BI 360 vs SSRS
|Product Feature||Microsoft Power BI||Solver BI 360||SSRS|
|Product Info||Microsoft Power BI converts company’s data into very attractive and comprehensible visuals, making it easy for you and your company gather information, organize and devise effective business strategies. Available on every device.||With Solver BI360, companies and organizations are able to make effective business plans and schedules, create and execute viable budgets, and drive growth and revenue to optimum levels.||SSRS is just one of the components in the Microsoft Business Intelligence (BI) platform. Combined, those components provide an excellent platform for enterprise data analysis.Other components include- SQL Server, SSAS, SSIS.|
|Dashboards||Customizable Dashboard highly interactive||Dashboards, good||Average Dashboard features as compared to other tools|
|Reports||Users can develop BI reports||User can develop BI reports||Mostly used for Pixel perfect reporting, learning time is high|
|Budgeting||Not specific for budgeting||Support Budgeting||Not specific for budgeting|
|Datasets modification||Yes, available||Not much support||Yes, available|
|Data Warehouse||OLAP feature is supported||Yes, includes DW system||Requires additional tool to work as DW|
|Ad-hoc Analysis||Easy to use, ad hoc analysis is supported||Easy to use, support ad hoc analysis||Create ad hoc reports and save them to the server|
|ERP/CRM suite||Not Available||Available||Separate Product, not included with SSRS|
|Licensing Cost||Free, up to 1GB data capacity limitPower BI Pro – $9.99/user/month||Solver BI360’s enterprise pricing details are available only upon request. Contact the company to learn more about the product, and ask for your quote.||SSRS pricing details are available only upon request. Contact the company to learn more about the product, and ask for your quote.|
|Integration with Business Systems||Microsoft Power BI integrates with the following business systems and applications:
||Solver BI360 integrates with the following business systems and applications:
||SSRS integrates with the following business systems and applications:
|OS Supported||Windows, iPhone/iPad, Android, Windows Mobile, Web Based||Windows, Mac||Windows, iPhone/iPad, Android, Windows Mobile, Web Based|
|Client Type||Medium and Large Enterprise||Small, Medium and Large Enterprise||Small, Medium and Large Enterprise|
|Export Format||Support Excel and CSV format||Support Excel and CSV format||Export to many formats, including HTML, PDF, XML, CSV, TIFF, Word reports (New in 2008), and Excel|