Business Intelligence is everywhere. From wine sellers to the banking sector, everybody is in touch with Business Intelligence technologies. There might be a scenario where even a small business would take advantage of the latest Business Intelligence tools. So, if you know what BI is and thinking about its usefulness, it’s time to know about open source Business Intelligence tools or software.
1. What is Business Intelligence?
As the world is heading towards to the ubiquitous BI tools in the business sector, the Indian market is also joining hands with this new technology. Companies like Zatayu, Bodhtree, Birst India, etc. are providing better ways to adopt business analytics solutions.
Business Intelligence converts raw data into accessible data that leverage the business acumen. Using Business Intelligence technologies, it becomes easy to detect significant events and business trends in the nearby future. Thus, aiding you to take decision effectively on all management levels.
2. Does Business Intelligence Technologies help?
Another way to ask this is, "Is BI important for you?" Does it really help? According to a report by NASSCOM’s in a joint venture with BlueOcean Market Intelligence, “By the end of 2017-18, the analytics market in India could increase from $1 billion to $2.3 billion.”
One of the main advantages of investing in a BI tool or software is the fact that it can boost the enterprise’s ability to analyze the current consumer traits. Enhanced visibilities, time savvy, increased productivity, are a few of the other advantages of Business Intelligence technologies.
3. What is Open Source Business Intelligence?
If you don’t know whether to invest in a BI tool or not, you can opt for open source Business Technology that is free for use. Such tools are open to the public. These open source BI platforms charge for customized technical support and services only.
You may or may not need every service depending upon the business complexity of your enterprise. However, it’s important to note that OSBI (open source BI) and free versions of commercial Business Intelligence platforms are not same.
The developers cannot hack codes or fix bugs of OSBI product. You can only use the core services and the developed or upgraded extensions are usually available on premium charges. Hence, OSBI may be an option for you if you don’t use the advanced services.
4. Which companies provide open source BI in India?
Open source BI are great options for the start-ups and the ones who are trying hands on BI. The upfront cost of an open source Business Intelligence platform may be nil, but the long-term cost can be significant.
Moreover, with the expanding business, you may need a customized business intelligence product like Zatayu that is right priced for both small and medium enterprises and leverage business users.
There are many open source BI tools available in the Indian market by companies like Helical, Pragmatic, Zatayu, Crayon Data and more.
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