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Your guide to business analytics tools
September 25, 2023

Your guide to Business Analytics tools

Choosing the right business analytics tools is an important foundational step in elevating  your organisation’s decision making and, ultimately, optimising your outcomes.

In this blog, we’ll take you on a speedy tour through the reasons companies invest in business analytics, what makes for a good business analytics tool, and which platforms and solutions can help you achieve your goals. 

From data visualisation to finance reporting, there are a number of solutions available that can take your business to the next level.  

How can business analytics tools help your organisation?

Here are a few compelling outcomes of investing in business analytics:

Informed decision-making

According to a study by MicroStrategy, 56% of companies worldwide use data to achieve more effective decision making. 

Data-driven decisions are often more accurate and less prone to bias than those based solely on intuition. Business analytics empowers decision-makers with solid evidence to support their choices, reducing the risk of making costly mistakes.

Vizlib and Qlik - Create ideal data solution

Competitive advantage

51% of companies find that their investment in data analytics drives better financial performance. 

In today’s hyper-competitive market, gaining an edge is essential. Analytics can help you discover opportunities, identify areas for improvement, and react swiftly to changing market conditions.

Improved efficiency

64% of companies worldwide report using data to improve efficiency and productivity. 

By analysing your business processes, you can identify bottlenecks and inefficiencies and take steps to optimise them. This not only reduces costs but also enhances productivity and customer satisfaction.

Enhanced customer insights 

Understanding your customers’ behaviour, preferences, and needs is crucial for delivering personalised experiences and products. 

Business analytics tools can provide valuable insights into customer segments, helping you tailor your offerings effectively.

How data viz moved ahead in 2022

Future forecasting

Predictive analytics, a subset of business analytics, allows you to forecast future trends, demand, and potential issues. This foresight is invaluable for strategic planning and risk management.

If you’d like to learn more about predictive and other forms of advanced analytics, check out our blog

Now that we’ve established the importance of business analytics, let’s introduce you to Vizlib and the tools they offer to supercharge your analytics journey.

What makes for a good business analytics tool?

A good business analytics tool should be user-friendly, offering intuitive interfaces for data analysis. It must efficiently collect, process, and visualise data, allowing users to make informed decisions. 

Robust data security is crucial to protect sensitive information. Scalability is also essential to accommodate growing data needs.

Ultimately, a good tool empowers businesses to extract valuable insights, enhance operations, and drive informed strategies.

Meet Qlik Sense: The ultimate data solution 

Our number-one business analytics tool recommendation is Qlik Sense. Qlik Sense is a robust Business Intelligence and analytics platform that empowers users to explore data, uncover insights, and create interactive dashboards and reports. 

In the modern workplace, data analytics are more dynamic, open, and democratised than ever. Qlik Sense was designed with a strong emphasis on self-service analytics. That means that anyone on your team can access data in real-time, empowering data-driven decision making across your organisation. 

Learn more about the power and possibilities you can unlock with Qlik Sense here.

Meet Vizlib: Elevating your analytics experience

Want to take things to the next level? Vizlib complements Qlik Sense by offering a range of extensions that add advanced features and customisation options to your Qlik Sense environment.

We specialise in creating user-friendly and feature-rich extensions that make data exploration and analysis more impactful across your organisation. Read on to explore three of our flagship business analytics tools, and learn how they can take your data analytics to the next level.

Vizlib Finance

Finance professionals know the value of precision and accuracy when dealing with financial data. Vizlib Finance enhances Qlik Sense’s capabilities for the best in dynamic, powerful financial reporting. 

Vizlib Finance uses Active Intelligence. This means your organisation is empowered to make decisions based on up-to-date data, instead of relying on historical information from traditional BI methods!

The interface is familiar and intuitive, with an ‘Excel in Qlik’ experience. This makes adoption and use quick and accessible. Even better, once you peek under the hood, you’ll discover all manner of enhancements. From tables with custom visualisations to unrestricted granularity and the ability to drill-down into data, this is your next-generation finance solution. 

Learn more about how Vizlib Finance could help you in our blog Five ways Vizlib Finance improves data-driven decision making.

Example of Vizlib finance

Vizlib Library

Vizlib Library is, by far, the most trusted and complete suite of extensions for Qlik Sense. With more than 20 powerful, customisable charts, including such standouts as Vizlib Line Chart, Vizlib Grid Chart and Vizlib Pie Chart, it can completely transform your dashboards and data analytics. 

Vizlib Library comes with a number of navigational elements that make for smoother, more intuitive data storytelling. For example:

  • Sheet Menu: This feature empowers you to craft exceptional web-app-styled dashboards in Qlik Sense, elevating navigation and user engagement.
  • Container Grid: A handy tool that streamlines the arrangement of visualizations in your dashboard, ensuring a smooth and cohesive user experience.
  • Sheet Menu Plus: An enhanced widget that amplifies the Sheet Menu’s functionality. Achieve a mashup-like style without coding!

There are also incredible UX elements. One particularly popular feature is the KPI designer, which introduces layering to your dashboards. Combined with other advanced customisation tools, it’s never been easier to create visualisations that meet both your branding and functional requirements. 

Learn more in this dedicated blog.

Vizlib library gif

Vizlib Collaboration

Online collaboration tools and digital workplaces can increase productivity by up to 30%. To unlock those benefits through your analytics, you need a tool that enables seamless teamwork.

Vizlib Collaboration enables this in your organsiation with a range of powerful features:

  • Vizlib Write-Back Table: Read-only dashboards are so last season. With Write-Back you can edit, update and comment on data points or rows directly in your dashboard, without leaving the Qlik Sense interface!
  • Vizlib Teamwork: Siloed communication is also out of style. Integrating with  Slack, Microsoft Teams, and email, discussions and analysis are bought seamlessly into the Qlik Sense workflow. Your team can collaborate effortlessly, sharing the latest information and troubleshooting faster than ever. 
  • Vizlib Input Form: Create and change your input forms in an instant. This widget makes collecting data a breeze. 

Learn more about Vizlib Teamwork in our blog: Vizlib Teamwork: Connect and collaborate instantly.

vizlib financial services analytics qlik collaboration 2

Get started with Vizlib today

Want to leverage the most enhanced business analytics tools on the market? It couldn’t be easier to get started with Vizlib. 

You’ve come to the right place!

Vizlib’s feature-rich data visualisation products will help you get started on your data storytelling journey.

  • Easy-to-use (including drag and drop functionality)
  • No coding skills needed
  • Highly customisable to suit your design needs
  • Templates to fast-track your dashboard creation

Got a technical question? Our Help Centre has heaps of helpful guides, articles, FAQs and more. Access Help Centre

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