Cognos is a business intelligence performance management tools for IBM that allows technical and non-technical employees in any company to analyse, extract and create interactive dashboards that enable the company to take relevant key decisions. The Cognos tool combines a multitude of products which enables communication with different third parties. For example, SAPs, relational databases etc. Cognos is an intelligence-gathering platform for business that provides an analytical solution for business needs that is scalable and self-service. The highly interactive nature makes it a good way of creating user-friendly dashboards and reports for every company. 

 Cognos allows making interactive dashboards for the business to make intelligent decisions. Some of its basic components are –

• The Query Studio is used to write simple queries and answer business questions through the service reports.

• Next is the Cognos Connection, which ensures that the suite consists of all the functions.

• The charts, graphs, and lists required by the management are prepared using the Report Studio.

• In order to notify about the real-time enterprise events, the Event Studio is used.

• The Analysis Studio, which consists of the OLAP operations, helps in analyzing the trends, events, detect anomalies, and so on.