Reports and insights based on a company's data are generated using Microsoft Power BI. Power BI will bind to a variety of data sources and "cleans up" the information it receives so that it can be more easily digested and understood. This data can then be used to produce reports and graphics that can be shared with other users.
What is Microsoft Power BI?
Microsoft Power BI is a business intelligence application that offers tools for aggregating, evaluating, visualizing, and sharing data to nontechnical business users. For users who are familiar with Excel, Power BI's user interface is fairly intuitive, and its strong integration with other Microsoft products makes it a very powerful self-service platform with little upfront preparation.
“Power BI is a business analytics solution,” according to Microsoft, “that lets you visualize your data and share insights through your enterprise, or insert them in your app or website.” The solution consists of many goods and services, and the value and functionality come from combining the individual elements and exploiting how they interact.
Small and midsize business owners can use a free version of Power BI; a professional version called Power BI Plus is available for a monthly subscription fee. Users can download Power BI Desktop, a Windows 10 program, as well as native mobile applications for Windows, Android, and iOS devices. Power BI Report Server is also available for businesses who need to keep their data and reports on premises. Power BI Desktop for Power BI Report Server is the special version of the desktop app used for that version of Power BI.
Power BI allows users to see not only what has occurred in the past and what is occurring now, but also what might occur in the future. Machine learning capabilities are built into Power BI, allowing it to spot patterns in data and use those patterns to make educated predictions and run "what if" scenarios. Users will use these predictions to create projections and plan for potential demand and other key metrics.
Common uses of Power BI
Microsoft Power BI is used to uncover insights from a company's results. Power BI will help you bind disparate data sets, convert and clean the data into a data model, and visualize the data with charts and graphs. All of this information can be shared with other Power BI users in the company.
Organizations can use the data models generated by Power BI in a variety of ways, including telling stories with charts and data visualizations and examining "what if" scenarios inside the data. Power BI reports will also provide real-time answers to questions and assist with forecasts to ensure departments achieve business objectives.
Administrators and managers may use Power BI to create executive dashboards that give them a better understanding of how their divisions are doing.
Why do you use Power BI?
👉Many other platforms will fail to process the massive amounts of data that businesses would input into Power BI.
👉Machine learning capabilities built into the software will analyze data and assist users in spotting important patterns and making informed predictions.
👉 Businesses can better understand their data by using powerful models to visualize information.
👉 Since Power BI is cloud-based, users have access to cutting-edge intelligence and powerful algorithms that are modified on a regular basis.
👉 Users can build dashboards with powerful personalization features so they can easily access the data they need.
👉 KPIs may have alerts set up to keep users informed about critical metrics and measurements.
Power BI has a user-friendly gui that makes it much easier to use than complicated spreadsheets.
👉 Other common business management software like SharePoint, Office 365, and Dynamics 365, as well as non-Microsoft products like Spark, Hadoop, Google Analytics, SAP, Salesforce, and MailChimp, are all integrated into the platform.
👉 With data protection becoming a major talking point for modern companies, Power BI ensures data security by providing granular access controls both internally and externally.
