Top 5 Major BI Solutions
According to Gartner, open-source BI tools deployments will grow five-fold through 2012. The research firm also added that the open-source BI tool deployment is growing solidly. According to various analysts, an effective and integrated BI solution can improve business performance by having better decision making across the company. At present, various large houses like Microsoft, Oracle (Hyperion), IBM (Cognos), and SAP (Business Objects) offer BI solutions to achieve the success faster.
The Leading vendors in BI solutions are:
1. SAP – Business Objects
Business Object that recently take over by SAP, provides one of the extensive BI product ranges. The BI solution from the company is called as SAP Netweaver Business Intelligence (SAP BI).
The solution helps its consumers to extract data from a specific source, applying transformation rules, and loading it into the Data Warehouse Area. Also it helps the companies to run simulations and cost calculations.
2. IBM – Cognos,
Cognos similar to Business Object that had been bought by big company, Cognos owned by IBM and developed a business tool for handling intelligence that is used by thousands of companies in 135 countries. The software tool is known as IBM Cognos 8 Business Intelligence, which combines all the jobs of good performance management reporting, analysis, grading, data integration, event management, dashboards, etc. According to the company, with its BI solutions organizations will find an opportunity to make better decisions faster.
3. Microsoft BI solutions
Microsoft BI solutions based on ProClarity system that bought by microsoft in 2006, It can help various organizations quickly access the timely, relevant, and accurate information for better decision making. It also saves money, provide real time information and removes inefficiencies. However, various analysts suggest that the Redmond giant still lags behind pure-play vendors in terms of metadata management, reporting and ad hoc query capabilities.
4. Oracle – Hyperion
Oracle had acquired Hyperion to expand their BI solution. The company claimed to be a leader in EPM, unifying Performance Management and BI solutions, and it will support a broad range of strategic, financial and operational management processes. Oracle BI Apps or Oracle BI Enterprise Edition (OBIEE) offers firms to achieve management excellence – being smart, agile and aligned.
5. HP – BI services
In last two-three years, the top four BI vendors had acquired smaller vendors to excel in the field.
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