When it comes to sources of enterprise data, your ERP system is a treasure trove. From financials to manufacturing, operations, human resources, sales, and everything in between. If you want to better manage your business operations, that’s where Business Intelligence (BI) enters the picture. Leading BI tools like Microsoft Power BI help you to synthesize all your enterprise data, analyze it, and present it through visualizations and dashboards. Power BI is part of the Microsoft Power Platform and spans Office 365, Azure, Dynamics 365, and standalone applications to give you real-time insights into your business.
The latest “wave” of BI has done tremendous things for business strategy. Reporting requests used to have to go through IT and may have taken days. But with Power BI, that’s no more. Complex data is made compelling, easy to understand and interpret. Power BI provides interactive visualizations and business intelligence via a simple user interface that makes it so anyone can create the dashboards and reports they need to discover actionable opportunities.
Just how can Power BI give you a strategic edge?
- Through data storytelling with interactive data visualizations.
As mentioned before, Power BI is designed for anyone to create dashboards and reports tailored to their job function, department or to the business as a whole. Power BI offers hundreds of visuals, many out-of-the-box, and more available from Microsoft and Microsoft Partners in the Microsoft AppSource. There are also options to create custom Power BI visuals that can even be published and shared with the Microsoft community.
- Through real-time analytics.
Sometimes knowing the history is not enough. Sometimes you need updates in real-time. Power BI can help you make timely decisions based on live data with data streaming and updates to your dashboards in real-time using time-sensitive data collectors. Any dashboard or visual in Power BI can provide real-time data if set up for it.
- Through built-in AI Insights that enhance your data preparation.
Power BI provides several pre-trained machine learning models so that when looking for trends in your data,
- Through the ability to integrate all your sources of data.
The Power BI feature Power Query helps you to de-silo your disparate, unrelated sources of data to transform them into coherent, visually immersive insights. All your sources of data from an Excel spreadsheet, a cloud-based or on-premises hybrid data warehouse can all be unified. Excel, commonly used to convert tables to visualizations, works seamlessly with Power BI. You can connect Excel queries, reports, and data models to Power BI dashboards to broaden your data analytics and visualizations.
- Through filter tools that help you dive deeper.
Reports and dashboards can be filtered with tools like drill-through, drill-down and drill-up, and cross-filtering.
Drill through allows you to create a page in your report focusing on a specific entity. It will take you to the focused page for details.
To explore in-depth details about your data, you can drill down or drill-up. For example, when a hierarchy is in place on a visual, drill-down will provide additional details on a specific data point.
Cross-filtering gives you more control over applying filters when working with related tables by allowing you to apply filters to one or both sides of a table relationship.
- Through the ability to make report performance more efficient.
If your reports run slowly, Performance Analyzer may uncover the reason. Performance Analyzer measures the performance of report elements such as DAX formulas or visuals and displays what is most and least resource-intensive, allowing you to make changes as you need for reports to be more efficient.
Drive your strategy forward with the solution ranked top by leading analysts.
Microsoft has dedicated many resources to promote
Integrating Dynamics 365 and combining all the Power Platform apps; Power Apps, Power Automate, and Power Virtual Agents enhances your experience and amplifies the total potential of the platform to empower your workforce.
Getting your organization trained and up and running is easy. All you need to do is download Power BI Desktop for free to start building reports. User licenses, which are very inexpensive compared to other solutions, are recommended to take advantage of the full benefit of the solution.
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