Business intelligence is indispensable for agility, competitiveness, and efficiency. As a company grows, managing the data that is generated on a regular basis becomes increasingly complicated. This in turn creates a road-block for enterprises who wish to harness their data for decision-making.
This is why business intelligence systems are being embraced to a great extent. Putting an analytical system in place to effectively analyze data helps an enterprise discover useful information and support enhanced decision-making.
Power BI has various benefits, including assisting management teams in making quick decisions. It makes data visualization simple. It provides a visual representation of the company’s data, with options for tables, charts, gauges, and maps, making it easier for teams to utilize.
Because of its simplicity and visual representation, Power BI is a strong decision support tool that makes the difference between a regular firm and an efficient, agile, and flexible organization.
Benefits of Power BI
Here are the key benefits of using Power BI for your business.
Build personalized dashboards and interactive reports easily:
Power BI is known for its customizable dashboards that can be tailored to your company’s needs. It also includes visualizations that are intuitive and interactive. Using its easy drag-and-drop functionality, you can generate custom reports quickly. You can choose from a wide range of features to create powerful models and visualizations.
Minimal upfront cost:
PowerBI is relatively inexpensive and affordable for small and mid-sized businesses as compared to other business intelligence tools. It also offers different versions so that you can pick the one suited to your business needs. You can also download the free version, Power BI Desktop, and start using it to make reports and dashboards on your computer.
View Power BI reports across multiple devices:
Power BI makes it easy for you and your team to access reports and dashboards from anywhere. It also brings the reports to your Laptop, Desktop, and mobile devices for Windows and Android devices. Wherever you have got access to the internet, you can see your reports easily.
Consolidate multiple data sources through Power BI:
Power BI can take data from different sources like Excel, SQL Server, Data warehouse, JSON, web, Text, and so on. In an exceedingly particular single report, you will take some data from the web, some from Excel, and some from Databases. And then, you can consolidate data and merge it in one dataset for analyzing reports as per our requirement, or we can say problem statement.
Instantly share dashboards:
By using the Power BI Pro service, you will be able to share your dashboards or reports within Power BI workspaces and allow co-ownership of a report or dashboard. You will be able to share the link and make that dashboard visible to the particular person to whom you shared the link. By sharing the link, your teammates can also edit those dashboards and provide insights from their end.
Scheduled data refresh:
By using the Power BI Pro service, you can set refresh on your reports to be daily or hourly. By setting refresh, your reports’ loading time will decrease and performance will increase. It will save your loading time of the report.
Drill-down functionality:
In Power BI, if you’ve got to analyze data for a particular Country, State, City, and Town wise sales, you can use this Drill-down functionality. It will offer you very detailed information about your analysis.
Write simple sentences to run report queries:
You can ask a question in Power BI about your report. It will provide you with the answers to that particular question. For example, suppose you have got data on the manufacturing industry and you have got to grasp about 5 top-selling products. So you will ask a question to your report by using the Question and Answer functionality in Power BI. In that case, it will provide you the answer by filtering your report. It will show you the top 5 selling products.
Balanced simplicity and performance:
Power BI has in-memory analysis technology and Data analysis expression language balance between simplicity and performance. By using simple English, you will write the DAX queries in Power BI.
Offers an unparalleled Excel integration
Many businesses still rely largely on Excel when it comes to analytics and reporting. Power BI can integrate seamlessly with Excel. Without learning a new application or language, you can effortlessly link queries, data models, and reports to Power BI dashboards and build interactive visualizations. You may set it up so that when you open your dashboard, you see the correct data right away.
Final Thoughts
Microsoft Power BI can be ideal solution for your business if you are looking for reporting and analytical capabilities that go beyond Excel. You can easily visualize and analyze data across your entire business and gain deep insights into your operations and performance using Power BI.
Whether you are still analyzing your business needs or need help getting started with Power BI, OmnePresent can help. Our Power BI consultants can guide you through every step of the way. Book a free consultation with us.
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