Self-service Business Intelligence Tools For Visualizing Cryptocurrency Market Information – It is impossible to make the right business decisions without having insightful information to back up the decision making process. Open source Business Intelligence tools make it easier to have our raw data analyzed and presented in a precise and readable format. In the economy of today’s Big Data projects, it is essential to use a proven BI suite to extract meaningful information in an organized manner.
BI technology can provide several potential business benefits, including historical trends, current state, and predictive views of business operations using easy-to-understand visualizations, charts, and dashboards. It is quite useful in analytical data processing, data mining, business performance reporting and benchmarking. Businesses interested in predictive data include streaming services such as Netflix, Disney+, Amazon prime, gambling sites such as Bodog, PokerStars or SlotsLV, online retailers such as Amazon, eBay or Etsy or AI Machine Learning services that provide predictive stock or sports outcomes.
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Data analytics and business intelligence solutions have traditionally been used by large enterprises dealing with Big Data. But the scenario has changed rapidly in recent years. Today’s BI solutions are increasingly used by small and medium-sized organizations to gain better insight into their own business operations.
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There are a number of business intelligence solutions in the market to choose from. Big names in the IT world, like
, have their own proprietary products that are hugely popular with the larger businesses. Although the commercial BI suites can be quite expensive – especially for the small businesses, luckily there are also some great open source alternatives. Licensed under GPL, these open source tools are typically used by small to mid-sized businesses, but a few are also gaining traction among large enterprises.
In this article, we present you with a handpicked list of 4 open source business intelligence tools that are ideal for businesses on a tight budget.
JasperReports Server is one of the leading embeddable open source business intelligence solutions in the market providing data analysis and reporting capabilities. It enables businesses to refine the decision-making process through highly interactive reports and dashboards. The product comes bundled with a report builder interface, a reporting engine, a data warehouse and a mobile BI application. JasperReports is customized to work with all operating systems and mobile platforms, including but not limited to Microsoft Windows, Linux, FreeBSD, Android, and iOS.
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The report builder allows you to customize the reports according to your requirements. You can even modify the code to suit your needs. It has a self-service portal that supports charts, graphs, widgets, crosstabs and other interactive reporting elements. JasperReports is compatible with any data source provider, allowing it to extend reporting capabilities to almost any third-party application.
BIRT stands for Business Intelligence and Reporting Tools. It is an open source software that offers a powerful set of features. BIRT has been on the scene for over a decade and is often considered the standard in open source business intelligence.
BIRT is known for its strong design and presentation features. It has two main components – a report designer, a runtime environment, and a graphing engine that lets you add graphical representations to your reports. BIRT can either be deployed as a standalone reporting solution or embedded in client applications via its Design Engine API.
BIRT is compatible with all kinds of data sources – including SQL, XML and JDO. Reports can be generated in a variety of formats, such as PDF, XML and CSV. BIRT enjoys a strong developer community support. There are many resources and documentation available to help you with the BIRT implementation process.
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Zoho Reports is a business intelligence and data analysis tool offered by Zoho, a suite of online productivity tools. It offers features such as interactive dashboards, reports, data visualization and collaboration tools. Zoho Reports integrates with other Zoho tools and supports multiple data sources, including cloud-based and on-premises databases. Designed for small and medium-sized businesses, it provides an affordable and easy-to-use solution for data analysis and decision making. With its drag-and-drop interface, users can quickly create custom reports and charts without any technical expertise. Zoho Reports also offers a mobile app for accessing insights on the go.
ClicData is a cloud-based business intelligence platform that helps small businesses turn their data into insights. It provides data visualization, reporting and dashboards to help you make better data-driven decisions. ClicData lets you connect to multiple data sources, including spreadsheets, databases and cloud applications, and create interactive reports and dashboards to monitor your business performance. By using ClicData, small businesses can improve data accuracy, save time and effort, and make more informed decisions, leading to increased efficiency and profitability.
Pentaho is a comprehensive business intelligence solution that provides data integration, analysis, reporting and data mining. It is available in two editions – a subscription-based enterprise edition and an open source community edition. Although the enterprise edition is loaded with some extended features that are not available with the free edition, the open source version is still very compelling and can serve the purpose of data analysis and reporting well enough.
The greatest strength of Pentaho is its ease of use. It has an intuitive web-based wizard for data access and an interactive reporting interface. Interactive visual analytics enable decision makers to find patterns and anomalies, including geo-mapping, heat grids and scatter/bubble charts. Drill-down functionality in the reports and dashboards provides the ability to perform deeper analysis.
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Pentaho is compatible with Windows, Mac and Android devices. It supports data integration across different data types. You can access, manage and mix data from multiple sources – from MS Excel to Hadoop.
SpagoBI is a business intelligence and reporting platform fully loaded with features for data mining, reporting and analysis. It is a fully open source project and there is no premium version available. SpagoBI was launched in 2005. Over the years it has built a strong base of users with great community support.
SpagoBI boasts powerful features when it comes to data analysis and reporting. It offers developers a wide range of analytical functions. Additionally, it has an impressive set of advanced data visualization features, including geospatial analysis and mapping. OLAP analytics, user-defined KPIs and real-time dashboards allow business users to dig into large volumes of data to gather decision-making insights. In addition to these reporting and analysis features, SpagoBI also offers metadata management and ETL functionalities.
Microsoft Power BI is a data visualization and business intelligence tool that provides interactive and actionable insights from multiple data sources. It offers features such as dashboards, reports, data modeling and collaboration to help organizations make data-driven decisions. Power BI integrates with other Microsoft products and also supports non-Microsoft data sources, making it a flexible solution for businesses. It is cloud-based and also offers mobile apps for accessing insights on the go. Power BI is easy to use and offers a range of pricing options for different business needs.
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Tableau Public is a free data visualization tool provided by Tableau Software. It is designed for individuals and nonprofits to explore and share public data with interactive and engaging visualizations. Tableau Public connects to various data sources and allows for the creation of interactive dashboards, charts and maps. The created visualizations can be shared and embedded on websites or social media platforms. Tableau Public offers a simple and intuitive interface, making it easy for anyone to create professional-looking visualizations without any prior experience. Although free, it is limited in terms of data storage and advanced features compared to Tableau’s paid products.
Helical Insight is a business intelligence platform that enables organizations to access and analyze large amounts of data from multiple sources. It offers features such as interactive dashboards, reports and data visualization tools to help users make informed decisions based on real-time insights. Helical Insight offers an easy-to-use interface and supports multiple data sources, making it a suitable choice for organizations of all sizes.
ReportServer is an open source business intelligence platform that provides a comprehensive solution for reporting, data analysis and visualization. It offers features such as dashboards, reports, scheduling and data integration with multiple sources. ReportServer has a web-based interface and can be customized to meet specific business needs. It also supports multiple output formats, making it easy to share insights and findings with others. With its open source nature, ReportServer provides a cost-effective alternative to proprietary BI tools. In addition, its active community of developers and users provides continuous support and improvement.
In addition to the traditional proprietary software products, there are quite a few open source BI suites available in the market. Depending on the scope of your operations, an open source BI suite may be capable enough to meet your needs. With that being said, you should carefully evaluate all the options available in the market before making the final call.
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Gary has written for various publications for the past 20 years with his primary focus on technology. He has contributed to websites such as Forbes, Mashable, TechCrunch and several others.
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