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There is intense competition in the business world. Entrepreneurs who worked hard and have the right information at the right time often capture the maximum market share. No wonder, acquiring accurate data about customers, consumers, and clients became the norm among large business organizations. During the 20th century, easy access to information via computer databases gives rise to the concept of business intelligence.

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Analysis of data becomes significant, and gradually it is understood that BI can drive more revenue. BI is now a critical component of business strategies across the world. Businesses now need tools and processes so that they can get useful and insightful information. Various tools are powered by BI and help to drive revenue. Let's find out how this all happens.

Turn data into valuable information

Every business accumulates a large amount of data from various sources. Most of these data are related to finance, customers, clients, inventory, competitors, and so on, but handling this voluminous data is a tiring task. However, a tool powered by business intelligence can turn this data into valuable information within no time. When the decision-makers have accurate information about the current situation, they can plan and make successful strategies to devise and implement new ideas of revenue generation.

It is a known fact that BI can convert mundane data into new business opportunities by combining them from different areas. It can also analyze it to offer valuable insights that can help entrepreneurs to make accurate and prompt decisions. It is easy to understand how this happens with an example. Suppose there is a manufacturer who manufactures various types of toys and has an online store to sell them. Now with a BI tool, he can have time comparative sales report where information will be in a way that he can easily comprehend. With such a report, he comes to know that past and present sales scenarios of his toy business. If he desires, he even gets customized sales reports and has this knowledge that some of the toys are experiencing a sudden spike in sales in a particular geographical region. This business insight proves extremely valuable to him, and he starts to manufacture more such toys to meet the demand and consequently becomes able to increase his business revenue.

Offer fast access to business data

One of the major problems that most businesses experience is a lack of quick access to their business data. Yes, Microsoft Excel is widely used to store such data, but it comes with its own set of limitations. It is not easy for the eyes to comprehend the meaning of the data lost in the maze of rows and columns. Sometimes, the lack of quick access to this data compels the key decision-makers to make delayed or wrong decisions. In a business environment, delay in decision making sometimes means losing opportunities to generate revenue. However, business intelligence tools with its features such as dashboards offer information in the form of charts, graphs, gauges, and much more in a visually appealing way. This visualization gives fast access to business data. With a visual dashboard that provides data right away, there is no delay in decision-making, which, in turn, drives revenue.

In short, Business Intelligence (BI) harnesses the power that lies with the structure data collected from various MIS, ERPs, and so on. The best thing about BI is that it is now affordable for even small and medium-sized businesses that do not have adequate resources to harness their data like large business conglomerates. The learning curve of many such BI tools is not steep, which ultimately helps small businesses and even start-ups to use them to drive their revenues.

Managing a project in pandemic time becomes an uphill battle for project managers. Since working from home (WFH) is becoming the priority of companies, and employees during the COVID-19 pandemic. According to internet sources, during the lock downtime, 90% of employees work from home to the IT sector of India.

This leads to new challenges to companies and project managers, although IT industries are having the experience to handle WFH culture before this odd time. But in this scenario number of employees is almost 13 times more who work from home before it, so it's become difficult and needs strenuous efforts to get back on track.

To take down these problems some awesome software are in the market. These tools help you to track the progress of projects and to manage work. These software are absolute gem solutions for these kinds of problems. So, here we are listed the best software or tools for tracking projects after researching, comparing, and using them. You just have to see:

Trello is an awesome project management software developed by the company "Atlassian". It designed using the Kanban Board method, a method to manage projects and tasks using cards, columns, and boards. This software is simple, powerful, and flexible enough to organize both professional and personal works.

You can create boards, lists, and workflows by just drag and drop. Manage project hassle-free, collaborate with the team, assign tasks, and complete in an organized way.

Trello offers different packages at a varying price, but what it makes awesome is its free version that good enough for small companies and businesses. You can join the list of companies like Google, Pinterest, Bose, Squarespace, and more, that using Trello.

Teamwork, a project https://toolsworking.com/best-plasma-cutter-reviews/ management tool helps to manage projects, tasks, and work for organizations. Connect your in-house and remote teams to work productively and organized a way to reach the same goal in less time. Let's launch your project, collaborate, teams, assign tasks, and get reports on how much your team has done. Easily track the workflow.

Become one of these PayPal, Disney, Netflix, HP, and Panasonic by using teamwork. Offers Basic Plan, Pro Plan, Premium Plan, and Enterprise Plan choose according to your need.

Project management software to manage tasks, projects, meetings, time tracking, and more. This is one more in the row to sort out the problem of project handling in a cultivatable way. This software develops according to the needs of project management.

The cause of buy is, this ultimate tool is free for everyone. You can download it from the play store and app store or use its desktop version by just register and login on site.

Toggl Plan tracks who's working and when in an attractive visual way. It is an operative tool to automate the project process and visualize what work has done whatnot. If you are a Business Owner, CEO, Projects Manager, or running a small business, large company, or website design company then Toggl Plan is the best software.

Toggl Plan is free for unlimited numbers of projects for up to five team members. Is your team bigger? Then pay just $8 per user per month. Have any doubt in mind then use it's 14 days trial version.

Project.co ultimate client-side project management tool. Connect your team with your clients to discuss, share files, understand projects, and manage the task to reach a mutual goal in a productive way. One of the best features is that client can monitor the live progress of work, so it can suggest changes on time and discuss it with the team.

You can choose "Free Forever Plan" if you have team up to 5 members otherwise choose a premium plan of $99/month with unlimited tasks, members, and projects everything is unlimited.

You can choose anyone among the best project management tools that helps you to find a way in this tough time. Choose what's best for you.