Data Analysis Tools for Your Business
- Finding new customers
- Increasing customer retention
- Improving customer service
- Enhancing marketing efforts
- Forecasting sales trends
What Is Business Intelligence, and What Are Business Intelligence Tools?
How Data Mining Works
- Businesses collect and load data into data warehouses.
- They then store and manage the data, either on in-house servers or in the cloud.
- Analysts, managers, and information technology professionals then access the data and decide how to organize it.
- Application software sorts the data.
- Finally, the information is presented in a format that’s easy to share and understand, such as in a graph or table.
- Uncover insights and patterns within complex data without relying on data experts
- Easily share insights with coworkers and stakeholders in an easy-to-understand format
- Spend less time on data analysis and quickly make and act on decisions
Tableau for Business Analysts: An Overview
- Businesses can run Tableau software on in-house servers or in a public cloud or opt to have it hosted by Tableau.
- Tableau offers tailored versions of its software for more than a dozen industries, including banking, healthcare, and manufacturing, as well as support for financial, human resources, IT, and sales departments.
- Tableau is compatible with a range of different data sources, including Excel and Microsoft Azure SQL Database.
How to Use Microsoft Power BI for Business
Ease of Use
- The ability to transform data into live interactive visuals
- The ability to load custom visualizations, including real-time dashboards
- The ability to embed visualizations into a company’s app or website
- The free desktop version is good for isolated users.
- The Pro version, which costs $10 per month, makes collaboration easier by leveraging other Microsoft products like Office365, SharePoint, and Teams.
- For companies committed to business intelligence, Power BI Premium ($20 per month) offers several upgrades, including greater scale and performance, as well as the flexibility to publish reports companywide without requiring recipients to be licensed individually, giving even more people the ability to access and share data.
How to Utilize Python for Business Analytics
- User-friendly. Python is easier to read and learn, as compared to other programming languages, with simple syntax and English-language keywords. It also offers a number of learning resources.
- Community support. Because it is so widely used, any individual who experiences an issue with Python will likely discover that a solution already exists, because someone else ran into the same problem.