In the era of data-driven decision making, businesses are constantly on the lookout for tools that can help them harness the power of data. One such tool that has been making waves in the business intelligence community is Microsoft’s Power BI. Originally released in July 2015 it has become one of the leading software applications for dashboard development over the last few years.
Below shows an example of a report created in Power BI.
What is Power BI?
Power BI is a suite of business analytics tools that deliver insights throughout your organization. It connects to hundreds of data sources, simplifies data prep, and drives ad hoc analysis. Power BI even lets you publish reports, then lets your organization consume them on the web and across mobile devices.
The Benefits of Using Power BI
Easy Integration with Existing Applications
Power BI integrates seamlessly with existing applications, making it a versatile tool for businesses. It offers integration with a variety of data sources, from Excel spreadsheets to cloud services like Azure SQL Database and Salesforce. Preset data can even be created for users in the form of a Dataset which can be created with data from different sources already linked together using relationships.
Rich Personalized Dashboards
The personalized dashboards available in Power BI give a consolidated view of different metrics that matter to your business. These dashboards are highly interactive and offer a unified user experience. They can contain a wide range of visualisations such as tables, charts, maps, cards and KPIs.
With Power BI, you can transform your company’s data into rich visuals and interactive reports, providing valuable insights. This can lead to better business decisions as it allows you to focus on what matters most.
Power BI allows real-time updates, which is a major advantage for businesses that require up-to-the-minute reporting. Once set up changes in the underlying data will only require a refresh of the report to ensure the insights are up to date. This process can even be automated if required.
Secure and Reliable
Power BI ensures that your data and reports are secure through its built-in data protection features.
With Power BI, you can access your data and reports from anywhere with the Power BI mobile apps, which update automatically with any changes to your data. This enables the data to be analysed on the go which is vital for any time sensitive information. The dashboards can also be accessed from a PC or laptop if preferred.
In conclusion, Power BI is a powerful tool that can help businesses make sense of their data, providing insights that lead to informed decision-making. Its ease of use, integration capabilities, personalized dashboards, real-time updates, security features, and accessibility make it an essential tool in the modern business landscape.
Whether you’re a small business owner looking for a way to visualize your sales data or a large corporation wanting to share insights across your organization, Power BI has something to offer you. So why wait? Start harnessing the power of your data with Power BI today!