PowerBI can be utilized to create compelling data visualizations for data-driven decision making in your organization. Here’s why you need to leverage Power BI.
PowerBI provides various built-in connectors for different data sets. This helps in loading required data sets from various cloud-based sources quickly, link them and build reports. PowerBI dashboards ease and enhance the process of reporting and analysis.
Power BI offers detailed security controls like role-based authentication, row-level security, risk mitigation and cloud-based security provisions. With the help of features like row-level security, you can provide users access to data that is relevant to them. The service leverages the user authentication features offered by Azure Active Directory (AAD) with Single Sign-On (SSO) process with Power BI login credentials for data access.
The Q&A feature in PowerBI allows users to explore and perform data searches using natural language. You can refine or expand data searches to uncover new information through data visualizations. Using autocomplete, it also lists meaningful queries that mirror general business queries to provide immediate feedback and results. PowerBI users can also leverage the benefits of voice recognition to generate actionable insights.
Managing and analyzing oceans of data without any machine assistance is perhaps the worst nightmare of business leaders. The sheer time and effort it takes to source, sort, study, and store the never-ending streams of data is simply a resource-draining task. Also, the human brain, unlike Power BI, cannot infer the plethora of scenarios and conclusions that a single dataset can deliver.
For businesses, tracking the market performance of their past offerings, alongside the current ones, is critical. At times, even the most-promising effort fails to deliver despite all desperate measures. Poor performance management could be the primary reason behind this. Such situations highlight the need for Power BI to evaluate the performance and identify the opportunities of the business.
While cloud storage has brought in an unprecedented level of convenience, it can be a source of grave concern in report generation. The point is that with cloud storage, there are chances of data or documents getting mislabeled, altered, and deleted accidentally. This could potentially lead to delayed and erroneous report generation, and there’s no certainty that reports are based on the latest data.
For leaders with a non-technical background, generating sophisticated reports using a modern tool might seem overwhelming. The traditional, complicated tools that were used earlier for analyzing data and generating reports should be blamed for making it a terrible experience for users. Consequently, the current perception is that a technical BI solution can only be handled by experts and the in-house tech department.
A typical enterprise deals with varying data types and formats in its daily operations. For example, while sales figures can be represented in figures and graphs, financial data is usually presented in spreadsheets. Dealing with such widely varying data without any assistance can lead to a disorderly state of affairs, and critical pieces of information can get lost somewhere in the chaos.
The cloud-based Power BI, besides offering insightful data analytics and visualization capabilities, also packs a host of other tempting features. And while other data visualization and BI tools in the market brag about how they offer unique business benefits, Power BI keeps adding new names to its list of users owing to its distinct value-adds.
Microsoft is the leader of the enterprise software race and there is hardly any organization that doesn’t use MS Office or Windows to execute their operations. Power BI, being a Microsoft product, offers flawless integration with MS Excel, Word, Dynamics 365, and the like, so that data pulling and accessing isn’t a concern any longer.
The solution even integrates easily with non-Microsoft business environments, providing equally detailed and insightful analytics and reporting capabilities. Azure Analytics integrated with Power BI provides insights at scale, helping businesses to foster a data-driven work culture.
Power BI has been designed to handle heavy-duty data onslaughts. Its data modeling engine is a columnar database and uses tabular database technologies to ensure accurate loading into the tool memory. This allows the tool to handle tables in excess of 100 million records with ease, unlike even Microsoft Excel.
To ensure that the data being used is always updated, Power BI uses automated, incremental refreshes, which also streamline visual reporting for end-users. Being a cloud-based tool, Power BI eliminates all forms of memory and speed constraints.
The Quick Insights of Power BI makes is a winning feature. It provides an intuitive way to search hidden business insights from different subsets of data by applying advanced algorithms. The ‘Ask a question’ feature allows users to add a ‘question’ button within a report, which enables them to execute random analysis while developing or reading reports.
Integration with Azure Machine Learning allows users to visualize the results of ML algorithms in the easiest way just by dragging, dropping, and connecting data modules. The R connector facilitates the running of R scripts, allowing the resulting data sets to be imported into a Power BI data model.
Power BI offers a rich selection of pre-packed data visualization options to choose from, which can be used in reporting elements such as bars, columns, charts, and others. These standard features have multiple customization options for improved presentation and functionality. The Power BI community also hosts a wide array of custom visuals that can be used free of charge.
Users get access to custom Power BI visualization files in the Power BI community as well as the Microsoft repository in the AppSource marketplace. Using Power BI visuals created with Microsoft’s SDK, users can import data from, or send data to a third party or other services.
Considering the growing incidents of data fraud and mishandling, Power BI assures its users the best possible digital data security. For added convenience, users can access and manage the security features of their data and reports using the same interface, eliminating the need to use a multitude of tools for different functionalities.
Power BI also offers the option of Azure Active Directory (AAD), which is built-in for user authentication, allowing users to leverage Single Sign-On (SSO) access to their data. Microsoft ensures adherence to all regional and global security compliance and regulatory standards.
Considering the wide range of functionalities and possibilities that Power BI offers, new users can easily feel overwhelmed, wondering about the ideal starting point to visualize data. If handled right, Power BI can be used to visualize a lot more than just chart data; it can even be used for asking questions and exploring what-if scenarios.
|Tips while using the Power BI Timeline Storyteller Feature |
Real-life scenarios are rarely black and white, but mostly always grey. Business leaders often have to analyze various possibilities of circumstances that have an impact on their business. For this, Power BI offers the feature of ‘What-if’ analysis as a data visualization option.
Besides the usual data visualization formats, Power BI comes with natural language capabilities that allow users to ask questions relevant to the data being analyzed and get visualizations as answers. Users can ask for total sales by region, month, etc., and determine the way information is presented.
Joining forces with the right Power BI services team can provide businesses with all the technical support they need to implement the solution. A competent service provider would plan a detailed implementation project, do the necessary heavy lifting, create API keys and plug-ins, and help the client with the necessary user training and support. Years of enhancements and upgrades by Microsoft have ensured that Power BI remains effective in boosting revenue, reducing operating expenses, minimizing risks, and saving time.
Among the popular business intelligence tools used by global enterprises to discover actionable insights for smart, data-driven decisions, Power BI sits right on the top. With countless large, medium, and startup organizations already reaping rich dividends, it’s just a question of when you will jump the bandwagon and transform the way your organization handles data.
FlatworldEDGE is an IT solutions firm that specializes in infrastructure management, software testing services, business intelligence solutions, and custom software development. Over the last decade, we have empowered businesses with the true power of data analytics and predictions. Our unique Power BI solutions have helped them make their daily operations much more efficient and data-driven, and less frustrating for employees. We offer a thorough health check of our clients’ data setup and develop custom visualization solutions by following the industry best practices for optimized outcomes.