If you don’t know, BI stands for Business Intelligence. And Power BI from Microsoft is a desktop and cloud-based analytics tool that allows anyone to visualize and analyze data with greater speed, efficiency, and understanding. It connects you to a broad range of data through easy-to-use dashboards, interactive reports and compelling visualizations that bring data to life.
The world of data is changing.
There’s a 10-fold increase in data every five years, and 85% are from new data types (like Big Data). And with the consumerization of IT, we’re all swimming in oceans of data.
“By 2018, organizations that build a modern information management system will outperform their peers financially by 25 percent.”
Gartner, Mark Beyer, “Information Management in the 21st Century”
How Will Power BI Help My Business?
Data visualization is common in the business world today and quickly becoming almost obligatory. Analyzing data can be a daunting task. Power BI will help you easily analyze and visualize your data with interactive and business-intelligence capabilities to help you create reports and dashboards without the need to hire a technology staff or database administrators.
With Power BI, you can delve deep into your business’ critical data. It has built-in business intelligence tools to help you find the answers that you couldn’t find before.
You’ll have the ability to compile critical pieces of information into professional, visual formats that are easy to comprehend. This way, you and your team can make the best possible decisions, and achieve your mission more easily, efficiently, and in a smarter way.
Power BI for Data Visualization
With Power BI, you can create great charts and graphs that can help you:
Data visualization makes information more accessible. Collecting data is great, but it’s really just a bunch of numbers unless you use it meaningfully. Power BI helps you do this. Even beginners can learn to use it easily.
Power BI is available as:
The Power BI Desktop Version: Although it’s free, it’s an extremely powerful desktop tool. It can help you connect with hundreds of data sources, clean and prepare data using visualization tools, analyze and prepare stunning reports, and embed these reports into public websites. (This version doesn’t allow for full automation. Power BI Online does.)
Power BI Online lets you build dashboards to get a 360-degree view of your business. It helps you keep data up to date automatically, which includes on-premise data sources. So, regardless of whether you store your data in the cloud, on-premise or both, you can synchronize it to the Power BI online service and visualize it. Plus, you can collaborate on shared data with multiple, authorized users, simultaneously. You can audit and govern how data is accessed is used, and package content to distribute to users.
Power BI is good for anyone in your business who needs answers from data, not just data analysis. It’s not just a tool for experts, it’s a tool for anyone.
Analyzing data is easy with Power BI. You complete 4 simple steps:
Collaborate easily in Power BI with Office 365 (1 in 4 businesses use Office 365). It provides for:
In a matter of minutes, you can create professional reports with simple drag-and-drop features.
Power BI is several things in one package. It’s an immensely powerful tool with:
Power BI also provides real-time updates. It automatically refreshes so you can continue to gain a better understanding of your business needs.