Top 7 Analysis Tools Which Smoother Analysis Process For Businesses

Business entrepreneurs have to deal with a large amount of business data on a regular basis. This data includes information about their prospective customers, their appointed staff, a product sold, a product developed, etc. It becomes quite difficult for them to deal with all this data with the traditional method, even the chances of errors are much higher when they handle the data in a traditional way.

But now thanks to modern technology, which has provided businesses with the latest tools and techniques using which they can easily analyze business data and can manage it accordingly so that they can use it later whenever needed. In a study, it was found that organizations that consider analyzing are 23 times more likely to satisfy their customer's needs than their proactive competitors. Even the extensive use of customer analytics can provide customers with numerous competitive advantages. This is one of the primary reasons which justify the substantiated power of big data analytics for businesses.

Advance Big Data Tools Which You Can Consider for Collecting Data in Accurate Way

Business analytics (BDA) and Big data solutions have gained huge popularity among customers these days, the revenue for business analytics, and big data solutions were estimated to reach around $189 billion in 2019. This number is predicted to grow higher in the nearby future as more and more businesses have started understanding the importance of data. And are opting for effective ways and tools which can help them to collect a huge amount of data to use it for the upbringing of their business. (Source)

Experts predict that more than 150 zettabytes that means around 150 trillion gigabytes of data will need to be analyzed by 2025. According to the recent study, businesses analyze a mere 12% of the data which they gather, they avoid more than 88% of hidden data due to which they lose various opportunities which come on their way. Thus businesses who want to leverage all the data for the upbringing of their business need to consider using advanced tools and technology for their business. Below listed are some of the advanced big data analytics tools which businesses can use for analysis purposes.

1. Knime

This analytics platform is one of the leading open solutions which businesses can use for data analysis. Knime helps businesses to discover hidden potential from the data which they have collected from various sources. It also helps them to predict new futures and grasp the fresh insights for their business.

Knime is an advanced data analytics tool that provides businesses with more than 1000 modules, it also avails users with more than hundreds of examples that they can use when it comes to analyzing the data in the most appropriate way. Users are offered with numerous integrated tools and the widest algorithms to choose from when they choose this advanced platform for analysis purposes. This platform can be considered as a perfect fit for businesses and data scientists.

2. Orange

It is an open-source data analytic tool that businesses can use for data analysis and visualization. Orange is one of the leading platforms which provides interactive workflows with the end number of a toolbox, businesses can use this toolbox to create interactive workflows to visualize and analyze numerous data at a time. This advanced data analytics tool is packed with different visualizations, this includes bar charts, scatter plots, dendrograms, trees, networks, heat maps, and much more.

3. Pentaho

It is one of the leading data analytics platforms which help businesses to address all the barriers that block them from collecting valuable data for their business from different sources.

Pentaho is an advanced platform that simplifies the process of blending and preparing any type of data for businesses, it offers them a spectrum of tools that makes analyzing work much easier for businesses. Besides this, it also allows them to visualize, report, predict and explore the data for using it for improving their business activities. Pentaho is an open-source platform that is extensible and embeddable and allows businesses to translate data into value easily and more accurately than ever before.

4. OpenRefine

This powerful Google Refine tool helps businesses to work with messy data more efficiently. OpenRefine helps businesses to perform various actions on the business data. This action includes cleaning the data, extending it, it, transforming it, and much more.

OpenRefine is an advanced data analytics tool that helps businesses to explore a large amount of data easily and quickly than their imagination. Business entrepreneurs who are not familiar with its use can hire angularjs developer or any other developer to help them with the same. But if they don't want to take their help, then they can learn the same by watching videos and exploring content available on the web.

5. RapidMiner

This data analytic tool is much similar to Knime and operates through visual programming. It allows businesses to analyze, model, and manipulate data. RapidMiner is an open-source platform that is used for model deployment and data prep. This advanced big data analytics platform is capable enough to provide the best result to the users, it builds complete analytical workflows and is considered a useful and beneficial platform for businesses and data scientists. Data scientists find this unified data science platform very beneficial when it comes to preparing data science projects.

6. NodeXL

This efficient data analytics software is used for data analysis and visualization. NodeXL provides businesses with some exact calculations, which can prove to be more beneficial for them as it provides insight into the data they want to get. It is an open-source network analysis software and can be considered as the best statistical tools for data analysis. It allows users to perform various actions on data to grasp results and advanced network metrics. It allows them to access important data from social media networks and from other online platforms.

7. Semantria

It is an advanced data analytic tool that offers a unique and fresh service approach to the businesses that opt for it. Semantria allows them to gather various data like texts, comments, tweets, or any other data from the prospective customer and analyze the same data effectively to derive highly valuable insights for their business.

This advanced data analytics platform offers text analysis to businesses through Excel plugin and API. Entrepreneurs can learn to operate this platform to generate the best outcome for the business data, this can help them to have insight into their business future, which helps them to prepare their business for facing all the hurdles and issues of the future.

Ending Note

There are many data analytics tools that businesses can use to make their analysis work much easier. These tools not only streamline their analysis process but also helps them to have insight into it. But before opting for any of the data analytics business entrepreneurs need to explore all the cons and pros of a particular tool. They must also find out how a particular tool or platform can help them to generate outcomes for their business in the most accurate way.