Power BI for Strategic Business Decisions

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Power BI for Strategic Business Decisions

Microsoft Power BI is a collection of software services, apps, and connectors that work together to help you create, share, and consume business insights in the way that serves you and your business most effectively.

Some organizations use Power BI to integrate multiple data sets; others seek to streamline their reporting processes. Most want to tap into the potential of analytics to make strategic business decisions for their company’s future.

Using Power BI, you’ll have all your teams on the same page, collaborating in a sophisticated platform and easily wielding data. You can gather insight, compare historic and real-time data, create compelling reports, and predict outcomes based on trends. Then you can make decisions that enhance your business, from overall process improvements to essential daily operations.

What is Power BI and How Does It Work?

Power BI is a Cloud-based analytics and reporting platform from Microsoft. Organizations use it to extract data from multiple sources and aggregate it into one centralized spot. Power BI harmonizes the information so users can analyze it and extract insights into company performance.

Power BI offers countless options for visualizing data and creating reports. Customizable dashboards allow you to slice and dice the data to discover insights, share information, and collaborate with other individuals or teams. All this is also available on mobile devices.

Diving deep into data is easy with Power BI. Anyone in your company can learn to use Power BI insights to make informed, strategic decisions.

Why Use Power BI?

Power BI is now one of the most popular business intelligence tools available. And its capabilities keep growing. Microsoft continually updates the platform to stay abreast of users’ needs. Business has changed radically over the past few years, and analytics is a rising force.

Companies Choose – and Love – Power BI Because It Offers:

  • A User-Friendly Platform

Whatever your skills, Power BI is easy to learn. You can get up and running with it immediately. You don’t have to be an analytics expert to see results. Organizations can inspire a data-centric culture and empower their teams to use analytics daily in their reporting, planning, and decision-making. And Microsoft Power BI is intuitive for those familiar with Excel and other Microsoft applications.

  • Customizable Dashboards

Each user can design their dashboards to track the metrics most important to them. Customization can be applied individually or by a team or department. They can choose data specific to their purposes, select preferred visuals for displaying and connecting their data, and share and collaborate with others seamlessly within the platform. Users will be more productive when they have the most relevant data.

  • Powerful Data Processing

Power BI quickly pulls vast amounts of data from many sources, whether on-premises or in the Cloud. Data sources include Dynamics 365, SharePoint, Excel, Azure, SQL Server, and other applications. Then you can transform and model that data for optimal use in Power BI using simple, Excel-like tools.

  • Compelling Visualizations

Choose from hundreds of visualizations to design attractive, compelling visuals and reports. How we view data can significantly impact how we perceive and understand it. Users can choose visuals that resonate with their learning preferences. And they can enhance their reports for presentations and sharing.

  • Actionable Insights

With cohesive and well-displayed data, you’ll easily spot opportunities for advancement and transformation within your organization. You can optimize everything from spending to logistics, operations, customer relationships, employee performance, etc. Use Power BI’s machine learning capabilities for intelligent forecasting. Enabling features such as quick insights and Q&A can help you get started.

Companies worldwide use Power BI to solve problems, become more efficient, and achieve their goals. Here are a few examples:

Real-time Visualization

The Associated Press (AP) used Power BI to deliver live data visualizations of election results to  news organizations during a crucial primary election in Virginia. Those organizations could then share sophisticated, interactive visuals with their readers. They could also drill down into the results at the county level, and the data refreshed instantly so the visualizations reflected real-time results.

Control Over Disparate Data

Condé Nast started using Power BI to centralize and manage data analytics for their multiple brands. Previously, the company’s marketing analytics team required multiple tools to manage the data sets of each brand. It was frustrating and inefficient. With Power BI, they discovered insights they could use to understand each brand’s market, performance, and customers.

Enhanced, Unified Reporting

Banfield Pet Hospital used Power BI to move away from limited and inefficient reporting processes. They changed from static Excel spreadsheets and PDFs to sophisticated, uniform data visualization at more than 1,000 locations. They now use Power BI analytics to improve operations, patient care, marketing, finance, etc.

The possibilities with Power BI are fantastic, and they’re constantly expanding. Contact our experts at Enavate to learn more about this powerful analytics platform.

By Enavate, enavate.com   

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