The importance of the internet and IT in business cannot be disputed. Whatever the sector, a business depends on the web and uses a dozens of software and applications. Businesses need to process huge amounts of data, which requires the right specialised applications. This is why BI and data visualisation solutions are in demand. Thousands of entrepreneurs are choosing applications such as Microsoft Power BI.
Why are businesses choosing BI solutions?
Businesses in different sectors use specific tools such as Power BI for a number of reasons.
- Use these tools to easily adapt to market trends.
- With these apps, you can analyse your data and make predictions to help you make better business decisions.
- Leverage Power BI’s powerful data analysis capabilities to help businesses assess the feasibility of their own strategies.
- Better understand customer preferences using BI solutions.
- Businesses can quantify performance with these solutions. You can see where sales are weaker, which departments are lagging behind in productivity, etc.
- Using these tools, businesses can find out where they are spending more, so they can take steps to reduce overspending and make better use of resources.
- Easily create visual reports and share them with others.
With a powerful tool like Microsoft Power BI, we can easily do these things. But to use such tools effectively, you need an experienced BI consultant.
Why choose Power BI as your BI solution? There are several BI solutions on the market, many companies choose Power BI. What are the reasons for its dominance?
- Ease of use: Power BI is ahead of competing BI solutions thanks to its ease of use. The tool is powerful yet simple to use, and can even be customised. Even without BI experience, it’s easy to get started, with a simple drag-and-drop style user interface and no programming experience required. However, you will need the guidance of an experienced Microsoft Power BI user to use the advanced features.
- Excellent integration: most organisations that use BI solutions also have a number of other applications and cloud services that need to be compatible. Power BI can integrate with Microsoft’s popular software solutions and cloud services, as well as with many third-party software solutions and database systems, to help you import data from a variety of sources. With Power BI, you don’t have to worry about application support.
- Extensive data visualisation functionality: analysing large amounts of data is not enough, the BI tool must also have the appropriate data visualisation functionality to display the analysed data in a visual, visual way, making your analysis more transparent. Power BI has a wide range of data visualisation elements and features, offering maps, graphs and charts, as well as images and other media content. This helps users to get the best out of their data and get their message across to their recipients.
- Easy reporting and sharing: after analysing the data, create reports and share them with your colleagues. Power BI makes reporting a breeze. With built-in features, you can create visually appealing reports in minutes and share them with other users in a variety of formats. For example, you can export reports in PPT format, so you can share them with people who don’t use Power BI.
- Flexible use: BI solutions are not only used by tech giants and multinational companies, Power BI can meet the needs of companies of different sizes and types. Start-ups and growing companies can choose the free version, which includes a wide range of features. However, there is also a license-based cloud version, so you can choose the one that suits your needs. As the application is also available on mobile, the flexibility of use is enormous.
- Powerful solution: most of the tasks Power BI can do can be done with spreadsheet tools, but in terms of processing power and computing resources, Power BI leaves most competitors behind. It can handle large data files quickly and does not slow down when compressing and decompressing data volumes. It connects seamlessly to supported data sources, and automatic data synchronisation retrieves data at preset intervals.
- Security: when handling large amounts of data, ensuring data security is key. Power BI has embedded data security features, such as built-in AAD (Azure Active Directory) for user authentication.
There are many other reasons why Power BI is the tool of choice for BI and data visualisation needs. Its simple but powerful query functionality (natural language query engine), regular updates and resources clearly place it among the market leading applications.
You may benefit from hiring a Power BI expert
Power BI is definitely a user-friendly BI solution, with many organisations using it without formal training or expert guidance. In some cases, however, the services of veteran Power BI consultants may be required, for example to take advantage of advanced features of the tool such as R/Python integration.
Source: datasciencecentral.com