This product, initially known as Hyperion Essbase (derived from Extended SpreadSheet database), was developed by Arbor Software, which Hyperion acquired in 1998. The product consists of reporting capabilities, dashboards, and an evaluation function that additionally can be utilized in Microsoft Excel. Additionally, it combines its BI functionality with financial functions, making it more of a Business Process Management (BPM) system than “simply” BI.

Organizations can also use a few of the free and open-source business intelligence instruments that may incorporate knowledge mining, predictive analytics, text mining, and statistical analysis. Business intelligence technologies come in quite a lot of different codecs, …