The BFSI industry rests on a goldmine of data. A massive amount of data is generated from multiple sources such as spreadsheets, invoices, journal entries, and many more. However, the data is huge and disparate. This makes it difficult for stakeholders in the financial industry to make sense out of the data in a quick and efficient manner. The data is stored across numerous repositories. This further creates challenges for analysts to derive accurate and…
Businesses need to continuously collect and analyze data they generate to get insights into critical aspects of the market and their performance. This is an uphill task and is accompanied with its own set of challenges. To help overcome these data challenges, businesses are in need of modern and innovative intelligence tools that can transform the way they present and use data. According to a study by Forbes, 62% of businesses believed that business intelligence…
In a recent customer success story published on their website, Microsoft has showcased the continued success of Power BI. It is a proprietary business analytics service that offers interactive visualizations and the capabilities of business intelligence. Users can create rich dashboards and reports on the platform. Microsoft’s client MPS Monitor is a part of this success story where they have shown how Power BI and Azure combine to offer comprehensive data analytics features. It helps…
Which among the two would you prefer to use; giving long and tedious statements about results or a striking storytelling data visualization tool that conveys information and promotes engagement persuasively. We bet your answer would be the latter. Storytelling has become critical in the contemporary business world if you are looking for genuine engagement. Data visualization tools like dashboards offer advanced capabilities that allow you to create data-backed and meaningful stories. Power BI operations dashboard…
Do you feel that your decision-making process can improve for better work efficiency and profits? Well, you can surely do that with the help of the right data and business insights. Getting there is not difficult as you have several related tools available. But picking the right one from the lot is essential. Power BI has quickly emerged as a reliable tool in recent years for business intelligence and data visualization. Leveraging it can help…
Power BI has evolved as an indispensable tool to accelerate decision-making and gain enterprise-wide visibility all on a single platform. However, a downside of this technological wonder is that as more individuals secure access to data, some super-sensitive for an enterprise, the more are the risks of getting exposed to unauthorized users. Consider that an HR manager wants to share the list of all the recruits for a quarter by publishing a report on the…
In a world as competitive as ours, industries are characterized by gnawing rivalries, and businesses are ready to go to any extent to outrun their competitors. In their attempt to lead the market, organizations have realized that there’s no substitute for business intelligence solutions. Leading BI tools, such as Power BI, are being leveraged more than ever today to catapult businesses to the next level by harnessing huge stacks of business data that otherwise remain…
The magic of Power BI has taken the business world by storm, and, no wonder, enterprises are making a beeline for this incredible and powerful tool. If you’re planning to start with Power BI, it’s essential to be aware of the challenges involved. Getting on top of these challenges can help you accelerate your time to insights and get the most out of your power BI investments. This blog lists out the things you must…
If data takes the centerstage in your business ecosystem, if you are in full acknowledgement of the fact that harnessing data in your business can drive your landmark decisions for purposes like better customer recession, improved project value projection, sales strategies, contingency measures among others, you must already be familiar with the capabilities of power BI services. Microsoft enterprise’s brainchild Power BI assist you for a better data visualization and analysis by means of a…
For centuries, people counted solely on their cerebral abilities to size up business opportunities, spot risks, carry out complex calculations, and make informed choices. Today, that capability of humans has been enhanced substantially by technological wonders such as business intelligence tools. A result of intelligence infused with technology, business intelligence tools have surpassed human abilities to analyze and interpret complex business information and suggest meaningful actions. Today, with the market cluttered with interactive data analytics…
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