Cloud business intelligence tools are cool, but you face the same problem as many people nowadays. If you’re trying to find the right data visualization tool but can’t seem to, don’t worry you’re not alone.
Thanks to the emergence of various SaaS platforms, the market is flooded with many Cloud BI tools, which is a good thing. However, this makes finding the right one all the more difficult. That’s why we plan to list out all the top Cloud Business Intelligence software available in the market right now to help you make the right decision.
In today’s market, Cloud BI tools can make all the difference when it comes to how a business operates and makes key decisions.
Cloud data visualization software is increasingly popular and rightfully so.
- With the right Cloud BI tool at your disposal, you can store large chunks of data for less price due to the absence of physical assets, which means reduced operational costs and maintenance requirements.
- Cloud BI tools also provide easy scalability for businesses with their ever-changing requirements. Apart from easy scalability, cloud BI software brings data visualization to more users in an easy and seamless manner.
- The easy-to-access reports and data metrics make analyzing a piece of cake while promoting easy collaboration and streamlining the decision-making process because of the availability of maximum insight.
- Cloud BI tools remove the need for investing in an offline/ on-premise infrastructure and are easy to deploy because there is no hardware and software installation process involved, thus reducing the overall resource allocation.
- Adapting a cloud BI tool ensures that the ROI is much faster than traditional BI tools and hence more cost-effective as well. Using Cloud BI helps reduce IT resource allocation and maintenance costs due to the virtual servers and ease of access.
With all these benefits, there are also some drawbacks when it comes to using cloud BI software.
- With the ease of uploading large chunks of data, comes the cost associated with it. Moving large data sets to the cloud can get expensive really quickly.
- Apart from the cost, a significant concern for any business is data privacy and security. Although Cloud BI tools use protection methods like encryption, certificates, and SSL among other methods of security, there is always a risk.
- When it comes to sensitive data, security is a constant challenge. Experts recommend storing sensitive data on-premise rather than on cloud BI software.
- With that being said, combining on-premise data and cloud data becomes another challenge for businesses, which affects the reporting and data visualization process and the end result of any report.
- Many Cloud BI tools offer limited services for the reasons listed above, which makes the search for the right Cloud BI tool even more difficult.
Hence, we’ve put together a list of some of the best Cloud BI tools for streamlining the research process. These top Cloud business intelligence tools have been included after thorough research and also include unbiased reviews from those who have been using it for a while.
Note: There are micro-niches within the category of data visualization that you can also check out. Please see our reviews of the best data visualization software, best open source bi software, best enterprise BI tools, best SMB tools, and best self-service BI solutions.
Factors to Consider in Looking for the Best Cloud Business Intelligence Tools
Before we talk about the seven best cloud business intelligence tools for 2023, let’s discuss the factors you must consider in choosing the right one for your business. Remember, some of these cost a lot of money, so you must make the best decisions.
1. Ease of Use
One of the most important factors to consider when selecting a cloud BI tool is the ease of use. The tool you select should be intuitive and user-friendly so that your team members can quickly and easily create reports and dashboards without the need for extensive training.
2. Data Integration
A cloud BI tool should be able to integrate seamlessly with your existing data sources, such as databases, spreadsheets, CRM systems, and other applications. Make sure that the BI tool you select supports the data sources that are critical to your business.
3. Cloud Business Intelligence Customization
Your BI tool should allow you to customize reports and dashboards to meet the specific needs of your business. Look for a tool that provides extensive customization options, including the ability to add custom data fields, create custom calculations, and customize the look and feel of your reports.
4. Cloud Business Intelligence Scalability
Make sure that the BI tool you select is scalable and can grow with your business. Look for a tool that can easily handle increasing data volumes and user traffic without sacrificing performance.
5. Cloud Business Intelligence Security
Your BI tool should be secure and protect your data from unauthorized access. Look for a tool that provides comprehensive security features, including user authentication, data encryption, and role-based access control.
The cost of the BI tool you select should be within your budget. Make sure that you understand the pricing model, including any additional costs for data storage, usage, customization, or support.
In conclusion, selecting the best cloud-based BI tool for your business requires careful consideration of several factors. By focusing on ease of use, data integration, customization, scalability, security, and price, you can select a BI tool that meets the specific needs of your business and provides valuable insights for data-driven decision-making.
7 Best Cloud Business Intelligence Tools for 2023
Business intelligence (BI) is an essential part of modern enterprises, providing insights and data-driven decision-making capabilities. Cloud-based BI solutions provide the added benefit of scalability, flexibility, and accessibility. Here are the seven best cloud BI tools to consider for 2023:
1. Microsoft Power BI
Microsoft Power BI is a cloud-based business analytics service that provides interactive visualizations and business intelligence capabilities. With its cloud-based approach, Power BI allows users to access data and insights from anywhere and collaborate in real-time. Its integrations with other Microsoft tools, such as Excel and SharePoint, make data preparation and sharing effortless.
Domo is a cloud-native BI platform providing a comprehensive data analytics tool suite. Its cloud-first approach allows for quick and efficient implementation, making it a popular choice for businesses of all sizes. Domo's integrated platform provides data preparation, visualization, and analytics capabilities in one place.
Klipfolio is a cloud-based BI software that focuses on real-time business dashboard creation. Its cloud-only approach provides users with the ability to access data and insights on any device with internet access. Its powerful data integration capabilities allow users to connect to various data sources to create visually appealing and informative dashboards.
4. Looker Studio
Looker Studio is a cloud-based BI and analytics platform that provides a modern approach to data modeling. Its cloud-first approach allows for easy implementation and rapid adoption across an organization. Its data modeling capabilities allow users to create and analyze data models without the need for coding or IT support.
Tableau is a cloud-based data visualization and analytics tool that provides easy-to-use tools for creating insightful data visualizations. Its cloud-based approach allows for scalability and accessibility across an entire organization. Its drag-and-drop interface makes data exploration and analysis intuitive and user-friendly.
GoodData is a cloud-native BI platform that allows users to create and share data insights across an entire organization. Its cloud-only approach provides an agile platform for businesses to quickly adapt to changing data needs. Its embedded intelligence and machine learning capabilities enable predictive analytics and automated insights.
Mode is a cloud-based analytics platform that provides data exploration, visualization, and collaboration tools. Its cloud-first approach allows for seamless data integration and collaboration across an entire organization. Its SQL expertise makes data querying and analysis a breeze for users of any skill level.
In conclusion, cloud-based BI solutions provide businesses with the flexibility, scalability, and accessibility required for data-driven decision-making. The above-mentioned cloud BI tools are some of the best options to consider for 2023, with their cloud-first/cloud-only approaches and comprehensive data analytics capabilities.
So Where’s DashboardFox?
So here’s the thing: DashboardFox is not on this list, unfortunately.
Why? Allow us to explain.
While DashboardFox is not currently a cloud-based BI tool, it is a self-hosted option that provides businesses with comprehensive data analytics capabilities. With a cloud-only offering in the works, DashboardFox hopes to make it on this list in the near future.
Self-hosted BI tools like DashboardFox offer a number of benefits that make them an attractive option for businesses.
For example, self-hosted BI tools allow for more control over data privacy and security, as well as greater customization and integration options. Additionally, self-hosted tools tend to be more cost-effective in the long run than cloud BI solutions.
If you're interested in learning more about self-hosted BI tools and how they can benefit your business, check out our blog post on the benefits of self-hosted BI tools for SaaS/cloud apps. And don't forget to stay tuned for DashboardFox's upcoming cloud-only offering!
We still offer our live demo sessions for free if you want to see more on what DashboardFox can offer as of now, such as excellent data visualizations perfect for monitoring KPIs, or schedule a meeting with us to see what we can bring to the table.