BI Software Comparison: The Hard Facts Your CEO Needs To Know
With Business Intelligence such a growing industry, and tools now commercially available to small and medium-sized businesses, we here at Matillion thought we would create a BI software comparison and inform executives of the differences they may encounter when searching for a BI tool.
We believe there are two main types of BI software – On-Premise and Cloud – and this comparison will give you the facts you need when analysing the two together.
BI software comparison: Cost
Often the first thing your CEO or CFO will ask when you suggest a bringing in a BI system. Historically, such systems have been very expensive and have come with high failure rates but this has changed. On-Premise tools are becoming a thing of the past, albeit slowly, are being put in second place by vendors and customers alike. Cloud BI and SaaS BI tools and costs have played a huge part in this. Cloud BI tools are generally more cost-effective and can be more flexible to fit your specific requirements and budget. This means businesses can now afford a BI solution that would once have cost hundreds of thousands before the advent of Cloud BI.
BI software comparison: Implementation
The implementation is one of the most important considerations when determining whether a Business Intelligence project in its entirety is a success or not and well-documented case studies have noted implementation as the downfall for many businesses. In most of the case studies you will find with a Google search, you will see that the majority of these failures have been large-scale, high-cost projects – typically On-Premise solutions. With Cloud BI, the implementation success rate is not only higher but the speed with which a fully functional business intelligence suite is delivered is much greater.
BI software comparison: Security
Another top priority that CEOs and CFO will be concerned about – the security of their data. With On-Premise solutions, data is usually stored in-house. With Cloud BI, it is usually held in a data centre in a different country. Alarm bells may suddenly start ringing but, fear not, data stored in the Cloud is, more often than not, more secure than your in-house systems. Cloud data centres are admittedly more open to attacks but because of this they have extensive security solutions to make them impenetrable.
So here are the top BI software comparisons that your CEO or CFO will want to know about when considering a Business Intelligence solution. To find out more or look at more BI software comparisons, download our free e-book below.
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