business analysis tools

45 Business Analysis Tools That Every Business Analyst Should Know

Rasi
By Rasi 26 Min Read

Business analysts have a variety of tools at their disposal to analyze the business. A huge part of a business analyst’s job is to identify where they can save time and money by using technology in conjunction with traditional practices. In addition to business analysis tools, there are many different processes that help businesses make more money. 

These processes include developing new products, gathering customer feedback, improving customer experiences, and conducting research. The key is to find the right balance between your company’s products and how you conduct business. Here are some ways to help you use these 45 tools in your daily job as a business analyst or project manager. Read More.

Section 1: The 45 Business Analysis Tools

 Business Analysis Tools

Business analysis is a way for business owners and managers to gain an in-depth understanding of their business. It’s also a critical tool for assessing the strengths and weaknesses of a company, as well as identifying opportunities and threats. You’ll want to take advantage of this resource if you’re looking for ways to improve your company’s performance.

This article provides a list of 45 Business Analysis tools. These tools are useful for both new and experienced business analysts, as they provide different perspectives on the same topic, or can be used to replace some of the more popular tools in use.

1. Microsoft Office Suite

Business Analysis Tool : Microsoft Office Suite

Microsoft office suite applications are included in our list of the best business analysis tools –

MS PowerPoint

PowerPoint is software that helps you prepare and deliver presentations. Business analysts often find themselves in situations where they need to communicate ideas, justify or deliver project updates to stakeholders. This communication becomes more effective with the help of PowerPoint!

MS Excel

The business analysis also includes data analysis, and it can take many forms, including-

  • An example of a pivot table.
  • Analyzing trends in the data.
  • Sort and filter the data.
  • Making charts or graphs.

Excel is a powerful tool that can be used for both mathematical and financial analysis. It also provides several built-in mathematical and financial functions that can aid data analysis.

MS Word

Microsoft Word is a powerful tool when it comes to documenting requirements. With a large number of fonts, themes, objects, shapes, and smart art options to use, organisations can create the perfect template for their document! Read More.

MS Visio

With MS Visio, business analysts can effectively create a 3D model of a software application or website that represents the users’ interactions and business functions. Visio’s main features include –

  • A UML diagram can include a use case, sequence diagram, or activity diagram.
  • Preparation of process flow charts.
  • In order to create data models.
  • For the generation of architecture diagrams.

2. Google Docs

Google Docs is a very useful tool for sharing documents and collaborating with project members. It supports all sorts of files, including .pdf, .txt and .docx.

3. Rational Requisite Pro

Requisite Pro is the best business analysis tool for requirements management among many business analysis tools. It provides a robust solution for business requirement management and is perfect for large projects. 

Rational Requisite Pro offers the functionality of word processing, along with its ability to query, sort, and manage data using a dynamic database. It is also perfect for conducting impact analysis, managing changes easily, and tracking an audit trail of changes.

4. Balsamiq

Balsamiq is a design tool that helps you build a mockup of your project. It’s an essential step in the design process and it’s important to remember that you can use these mockups to share with stakeholders who need to see your vision. Typically a Balsamiq focuses on-

  • Content
  • User interaction

Balsamiq helps teams work faster and smarter by allowing stakeholders to provide feedback on the design and collaborate online. With a simple interface, it’s easy for any individual to master. Read More.

These features include:

  • Embedded links along with PDF mockups.
  • Develops reusable component libraries and templates.
  • Provides an intuitive and fast user interface.
  • Wireframes can be built with this tool.
  • Prototypes are available for demos and usability testing through links.
  • An extensive library of ready-to-use controls.
  • Contains enough user interface controls and icons.

5. SWOT

Business Analysis Tool : SWOT

A SWOT analysis is commonly used for strategic analysis and business evaluation.

These features include:

  • Free and highly secure, the tool is easy to use.
  • XML files can be loaded and saved for local analysis by the business analyst.
  • PNG files can be exported and viewed.

6. Pencil

If you’re looking for confirmation of your product’s requirements, prototyping is an important part of the requirement gathering phase. With a quick prototype, it’s easy to see what the customer will think and feel.

Pencil is a prototyping tool that allows you to create and share wireframes quickly. It has a simple interface that makes it easier to drag and drop elements to build something.

7. Trello

Business Analysis Tool : Trello

Among many different business analysis tools, Trello is the best way to collaborate on any project. Between teams, and share information securely. It is also a great way to analyze your business data with ease!

These features include:

  • Collaborates with a team in a secure manner.
  • Team activity can be viewed across all boards.
  • Allows members from Google Apps accounts to be included.
  • Organize and associate boards with Collections.
  • Manages privacy settings by assigning admins.
  • Saves the work history of old members and helps them to deactivate.
  • Data can be exported with a single click.

8. SmartDraw

Business analysts often use SmartDraw as a business analytics tool to simplify their project management work. Read More.

These features include:

  • Automates activities such as adding, moving, or deleting shapes.
  • It can be integrated with tools like Microsoft Office, Google Drive, Dropbox, and OneDrive. Plug-ins can enhance SmartDraw Cloud functionality.
  • You can install it behind a firewall to maintain security.

9. Wrike

Wrike is a real-time Work Management tool for business analysis purposes. It helps to decrease the overall project analysis cost by storing information centrally.

These features include:

  • Provides the essential building blocks of work.
  • Requests for forms and automation can be made.
  • You can manage files and edit live.
  • Provides a visual timeline for viewing the project schedule.
  • Resource balancing and performance tracking can be performed based on a view of workloads.
  • Monitoring and reporting on a project.
  • The use of time tracking for planning and budgeting.

10. Version One Lifecycle

Version One Lifecycle is one of the best business analysis tool among many business analysis tools concerning its unique feature of integration capability with enterprise applications and open-source software development tools.

These features include:

  • This methodology is aligned primarily with agile software development.
  • Project workspaces, portfolios, across teams and locations can be scaled with ease.
  • It is possible for users to edit and update attributes in real-time.
  • Then, a fact-based decision can be made based on advanced analysis.
  • It provides a special feature called Agile Data Marts.
  • Automate decision-making during the software development lifecycle. Read More.

11.  Creatio

Business Analysis Tool : Creatio

Creatio is a business analysis tool that can be used as a replacement for many business analysis tools, and it has both an intuitive and user-friendly interface. It allows you to access all your data in one place and create a report in less than a minute. With more than 29,000 customers worldwide, Creatio is the most popular business analysis tool today.

12. Oracle NetSuite

Oracle NetSuite is the world’s leading provider of cloud-based business management solutions. It provides IT, marketing, sales, and financial executives with a single platform to manage their businesses. With the ability to integrate with over 200 different applications, Oracle NetSuite is the solution for any company looking to be more efficient and productive.

13. Xplenty

Business Analysis Tool : Xplenty

XPlenty is the software that helps you identify and manage your business’s revenue, performance, and marketing activities. It’s the most popular business analysis tool out there. It allows you to use KPIs to understand your business’ performance and make strategic decisions. With Xplenty, you will be able to make better decisions every day for your business. Read More.

14. Wrike

Wrike is the most popular business analysis tool that allows users to manage projects and get an overview of their pipeline and projects with a variety of analytical filters. Wrike can also be used as a project management software for multiple departments and helps in getting more visibility of the different departments’ work.

15. HubSpot

Business Analysis Tool : Hubspot

HubSpot is a fantastic tool for business owners and marketers. Its intuitive and easy-to-use tools help users build a business, manage marketing initiatives, and optimize digital marketing campaigns. Not to mention, the platform is constantly updated with new features so you don’t have to worry about missing out on the latest in tech.

16. Oribi

There are many business analysis tools, but Oribi offers the most comprehensive solution. The software is available in web, desktop, and mobile versions. It allows you to build your own forecasting models and analysis in just minutes. Oribi has been designed with a user-friendly interface that’s easy to understand and use.

Business Process Diagramming, Wireframing, Flowcharts

17. Bizagi

Business Analysis Tool : bizagi

Bizagi is a powerful business management tool, which is used by people of all levels of skills. It helps you take the planning and design process ahead with ease and speed. With Bizagi, you can create business models, serve digital needs, assemble knowledge bases, and QA data in seconds. Read More.

18. LucidCharts

LucidCharts is a powerful business analysis tool that provides you with a visual and interactive way to create business process diagrams, wireframes, and flowcharts. It’s not just easy, but also flexible and affordable. LucidCharts has 3 editions – Standard, Professional, and Enterprise. If you are looking for an efficient tool for your business, LucidCharts is the best choice for you.

19. Axure

Axure is popular software that allows users to create, share, and collaborate on interactive wireframes, interactive prototypes, and business process diagrams. It’s easy to use and has features like collaboration, revisions from the cloud, and mobile support.

20. Balsamiq

Business Analysis Tool : balsamiq

Balsamiq is great for creating a wide range of wireframes, mockups, prototypes, and storyboards. It’s one of the most popular methods because it’s easy to use and gives designers and developers the freedom to collaborate. It’s also perfect for presenting your ideas in a clean, fast, and sleek way.

Model Building Designing

21. BPMN (Business Process Model and Notation) 

BPMN is a diagramming tool that helps people develop a product and service strategy. It is the most popular business analysis tool of model building design, and it is considered the “Swiss army knife” of business tools. This software can be used for modelling, simulation, and optimization purposes.

22. InVision

InVision’s platform is designed to help make the process of creating and refining interactive designs easy, fast and inexpensive. With a user interface that’s familiar to users of Adobe Flash, InVision also provides users with an easy way to export their designs for use in any other tool. The team at InVision is dedicated to improving their product through frequent updates, so don’t forget to check back from time to time. Read More.

23. Draw.io

Draw.io is the only tool that allows you to create a professional and engaging model without any coding or design expertise. With Draw.io, you can build interactive 3D models without programming, design, or artwork skills. This means you can use the software to create high-quality visuals for your websites and apps in minutes!

Requirements Management

24. Rational Requisite Pro

With this new release, Rational Requisite Pro has increased the functionality of the software. It makes it easier to capture and organise requirements in a systematic way that helps with the development process. It was created with the idea of making it easy to manage requirements and keep track of their progress to ensure they’re meeting deadlines and budgets while delivering quality products.

25. CASE Spec

CASE Spec is a requirement management tool that enables businesses to plan and manage their projects. It helps organisations by defining, tracking, and managing the requirements of a project. As a requirement management tool, it ensures that your project will have clarity and can complete on time.

Planning

26. Blueprint

Business Analysis Tool : Blueprint
Blueprint Diagram

Blueprint is the most popular business planning software for small businesses and start-ups. It is easy to use and provides an accurate forecast of your future revenues and expenses, so you can make informed decisions on how to grow. With this software, you can also allocate your budget in the most effective way possible. Read More.

Data Manipulation and Analysis

27. R Data Manipulation

A Data Manipulation and Analysis tool that is so popular is R Data Manipulation. With its flexible and customizable nature, it’s designed to make the most of your data. Collecting, cleaning, and transforming data using R will allow you to gain insight into your business. And it will also speed up your analysis times! This is the perfect tool for any marketer or business analyst who needs to get the most out of their data.

Project Management/Testing

28. JIRA

Business Analysis Tool : jira

JIRA is the most popular project management and testing tool because it’s easy to use and offers a variety of features for managing agile projects. It is also a flexible solution that can be tailored to suit your specific requirements. JIRA provides the tools you need to make your project management process more efficient.

Data Discovery and Data Gathering

29. SQL

As the most popular business analysis tool of data discovery and data gathering, SQL is a must-have for any business data analyst. SQL is the perfect balance of power, flexibility, scalability, and speed. It’s one of the most versatile query languages in existence today.

30. Teradata

Business Analysis Tool : teradata

Teradata is the most reliable and scalable business analysis tool in the industry. It offers a variety of solutions for data discovery, data mining, data transformation, and data gathering. Teradata provides advanced analytics for a wide range of business domains, including finance, healthcare, marketing, and sales. Read More.

31. Hive

Hive is a software application that helps you discover and gather data, such as information from a website. It will help you in making decisions about data, such as how much data to gather and how much time to spend gathering it. It is designed for people who are not technical experts, so anyone with basic computer skills can use it.

Visualisation

32. Tableau

Tableau is the most popular business analysis tool for visualisation. It offers intuitive tools for creating highly visual and interactive data presentations. With a broad set of capabilities, Tableau is capable of delivering beautiful, shareable insights that engage audiences and inform decision-making. Tableau’s easy-to-use data-driven approach bridges the gap between business intelligence and visual storytelling.

33. Spotfire

Business Analysis Tool : Spotfire

Spotfire is attracting a lot of attention in the business analysis sector. It has become one of the most popular and widely used visual analysis tools due to its versatility, compatibility, and customer support. This tool allows you to manipulate data and create visual representations with ease. Read More.

34. QlikView

QlikView is a powerful yet easy-to-use software that will help you get ahead of your competition. You can quickly visualise your data so you can gain insights faster than ever before. It’s easy to use and has a range of features that make it ideal for both beginners and experts alike.

Brainstorming

35. Mindmeister

Mindmeister is the most popular option for brainstorming and project management. It’s so intuitive that anyone can create a powerful mind map with just their mouse. This helps to simplify your project progress, the budget, and more. It also offers a number of business analysis tools that are perfect for executives and business professionals.

Automation

36. Python

Business Analysis Tool : Python

Python is a general-purpose programming language, designed to be expressive, readable, and easy to use. It is especially good at web application development and has also been used for network analysis, machine learning, operating system creation, and data science. Python code is often easier to read than other languages such as Java.

36. Github

Business Analysis Tool : GitHub

Github is a secure, social and collaborative platform for developers to host and review code. The company was founded in 2005 and has since been used by 12 million developers, including more than 80% of the Fortune 100. It has also been used to create more than 1 million software projects. Its success is due to the fact that Github provides the best tools, most user-friendly interface, and support for free. Read More.

Call/Meetings

37. Zoom

Zoom is a powerful business analysis tool that helps you make an effective and seamless transition into the digital age. It’s easy to use and affordable, making it a great choice for your business. It also offers a wide range of features that help you analyze your website and app traffic, manage calls, meetings, chats, and do more.

38. Skype

Business Analysis Tool : skype

In a small business, the ability to communicate effectively is a necessity. Skype is a fantastic business tool, not only for its cost efficiency but also for its ease of use. Skype can be used to connect with your clients and employees across the world, making it an optimal business analysis tool. It’s not just for businesses either. With Skype, you can keep in touch with friends and family when you’re on the go.

39. GoToMeeting

GoToMeeting is a powerful business analysis tool that helps you to make and manage meetings. It has a range of features that allow for real-time collaboration and convenient meetings. With its powerful features, GoToMeeting is the most popular business analysis tool of calls/meetings today.

Note Taking

40. MS OneNote

Business Analysis Tool : MS OneNote

MS OneNote is a popular tool for people who need to take notes on meetings, the educational sector, and more. It allows you to take notes in Microsoft Office and is compatible with PC and Mac computers. Get this Microsoft software for your personal productivity needs – it’s the most popular tool for note-taking! Read More.

41. Evernote 

Evernote is an excellent resource for gathering and analysing data, whether it’s information related to your company or not. The platform offers a range of features that are easy to use, allowing you to take notes, save web pages, clip images, and more. It’s an effective tool that you won’t want to live without.

Analytics

42. Google

As the most popular business analysis tool, Google Analytics provides a great deal of information. But, of course, a tool is only as great as the person who’s wielding it. With powerful features like tracking and identifying trends, Google Analytics is a must-have for every company.

43. KISSmetrics

KISSmetrics is the most popular business analysis tool because it has a unique approach to providing data and analytics to help businesses grow. It offers a diverse range of free and paid options, which includes everything from web analytics, user behavior analytics, social media analytics, and more.

CRM

44. Zoho

Business Analysis Tool : ZOHO

Zoho’s business analytics software is a complete and powerful CRM solution for you. It is packed with features such as powerful analytics, marketing automation, and business intelligence. You can easily communicate with your customers from the Zoho CRM interface to gain valuable insights about your customer base. Zoho CRM is the most popular business analysis tool of CRM. Read More.

45. Sugar CRM

CRM is an important part of any business, but it can be tedious to manage. By using Sugar CRM, you’ll be able to organise and automate your business with ease and efficiency. With the easy-to-use CRM software and online dashboard, you’ll be able to track your metrics, improve efficiency, and grow your business. With a tailored experience for marketing managers and account managers, you’ll be able to find the best marketing tools and software to stay ahead of the game.

Section 2: Conclusion

The business analysis must be done to avoid rework and unwanted expenses. Several business analysis tools are available in the market. In this article, we have explained a list of business analyst tools from different categories. Each tool is unique in its way and performs different functions. You just need to select the right tool as per your business needs. Read More.

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