How to Choose a Data Analytics Tool
Traditionally, enterprise managers have relied on It units to analyze data as well as give insights to respond to crucial business questions. The challenge with this is that it needed continuous access to power and users with professional knowledge in utilizing the analytics tools. Also, incorporating many data sources was technically difficult and low system performance lead to long time wait moments between queries. Of late, however, venture managers are becoming the prime IT decision-makers, granting them more control over the analytic solutions they use. While cloud analytics solutions have greatly enhanced decision-making abilities and process efficiencies, many managers lack the know-how to choose the correct analytics platform for their enterprises. Several analytics solutions are made each year and they offer almost similar functionalities and features. Here are tips to enable you to get a good data analytics tool.
First, consider business objectives. Like any other IT section, your analytics tool must support your current and future business needs. You should first identify the major objectives and come up with a list of your preferred business results. After that, break down these objectives into measurable venture goals. Next, select an analytics solution that gives access to data plus reporting features that can aid you to accomplish these business goals.
Secondly, consider pricing. Do you have money, expertise, and time to create and maintain your solution? Before you select an analytics solution, you ought to be wholly aware of the expenses that will come with it such as growth, subscriptions, and extra fees. Different analytics platforms have dissimilar fee structures and it is much crucial to understand them prior to investing.
Thirdly, be keen on user interface and visualization. Your analytics solution is what your workers are going to refer to as they make business decisions. Self-service analytics must have an easy-to-use interface that can support various user types. Even non-technical users have to find the tool easy-to-use as well as be able to generate and comprehend dashboards plus reports. While visuals might not appear much crucial, in case your dashboards feature unattractive visuals, it’ll have an undesirable effect on user adoption.
Integration is the next thing you need to look into. When choosing an analytics solution for your business, you ought to settle on if a standalone tool or an integrated tool suits your business. There are many alternatives with standalone tools but integrated systems let you access analytics from apps that your users are familiar with. You need to comprehend how your analytics tool can link with the current solutions as well as third-party data sources. You should also examine how you can shift your data to other systems in case the need arises.
Multiple sources of data are the next tip. Modern analytics solutions can combine many sources of complicated data and analyze unstructured, semi-structured, and structured data. It is good to choose solutions that don’t need assistance from your IT unit. The capacity to collect and combine data from various solutions onto a single dashboard lets you have a full view of your venture performance.