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15 Major Benefits of Power BI

Power BI is a cloud-based business analytic solution, which is used to analyze data from a wide range of data sources. It is simple to use as well as user-friendly. The insights obtained can be shared across an organization and can be rooted in the organization’s app or website. With Power BI, you can create as well as productive with the reports and analytics.  With Power BI, you can mash up data as per your need as it has a very powerful mashup engine.  With In-Memory super fast engine in Power BI, you can model the data, add measured or calculated columns or build a star schema on your own. With the help of data visualization elements, visualize data and customize it to tell a story behind the data. Work with Azure/cloud as well as On-premises based data sources. You can do more than this with Power BI, which you can’t with other products this easily.The following lists some of the valued competencies of Microsoft Power BI tool:1. Integrates smoothly with the existing applications:With Power BI, you can easily adopt analytics and reporting capabilities as Power BI easily integrates with your current business environment.2. Personalized dashboards:The information dashboard can be customized according to the needs of an enterprise. To provide unified user experience, the dashboards and BI reports can be easily embedded in the application.3. No memory or speed constraints:While shifting an existing BI system to a powerful cloud environment with Power BI embedded, there aren’t any memory or speed constraints which ensure that the data can be quickly retrieved and analyzed.4. Publish reports securely:With tool available in Power BI, you can set up automatic data refresh and publish reports securely, which allows users to resort to the latest information.5. Specialized technical support is not required:There isn’t any need for specialized technical support as Power BI provides agile inquiry and analysis. It supports the use of intuitive graphical designer tools and natural language interface.6. Balanced simplicity and performance:The DAX scripting language and in-memory analysis technology depicts that there is a balance between simplicity and performance.7. Extracts business intelligence rapidly:Transform your enterprise data into rich visuals, hence extracting business intelligence for better decision making.8. Supports Advanced Data services:The Microsoft Power BI consulting tool can be integrated with advanced cloud services like Bot framework or Cortana.9. Your data can be accessed easily:Along with Microsoft techs such as SharePoint document or SQL databases, Power BI integrates with non-Microsoft solutions as well. PowerBI connects to around 60 common software solutions that businesses already use and draws a centralized, easy-to-digest dashboard. To name a few: Spark, Hadoop, SAP, Google Analytics, Salesforce, etc.10. Easy implementation:The demand for engineering or IT resource is less in order to implement Power BI. Sometimes there are instances where no engineering is required at all. Managers create an API key and plug it into the software.11. Low costs and fast turnarounds:By analyzing recent data, businesses can make informed decisions on the growing and underperforming market. Moreover, businesses can perform analysis internally so that money can be saved.12. Innovation is Constant:New functions and features are updated every month in Power BI products.  13. Power BI Reports can be viewed across multiple platforms and devices:You can access your Power Bi reports from your mobile device as well as a laptop, as long as you have an internet connection. Native apps are made available for iOS, Android and Windows devices.14. Drag-and-Drop functionality:You can create your own ad-hoc reports through drag-and-drop functionality, which is a very easy process.15. Growing online Power BI community: Power BI is used by more than 200,00 organizations and has over 5 million subscribers. The online community has grown tremendously over the past few years, where people share their ideas on building dashboards.To Conclude:The ever-growing set of tools that Power BI contain holds the potential to provide with real, compelling and actionable insights from data, via dashboard-style reports. Power BI has various benefits that can help you and your organisations improve on your business intelligence. With this, you now have a clear picture of various working ways of Power BI, which will help you execute the same.
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15 Major Benefits of Power BI

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 15 Major Benefits of Power BI

Power BI is a cloud-based business analytic solution, which is used to analyze data from a wide range of data sources. It is simple to use as well as user-friendly. The insights obtained can be shared across an organization and can be rooted in the organization’s app or website. With Power BI, you can create as well as productive with the reports and analytics.  

With Power BI, you can mash up data as per your need as it has a very powerful mashup engine.  With In-Memory super fast engine in Power BI, you can model the data, add measured or calculated columns or build a star schema on your own. With the help of data visualization elements, visualize data and customize it to tell a story behind the data. Work with Azure/cloud as well as On-premises based data sources. You can do more than this with Power BI, which you can’t with other products this easily.

The following lists some of the valued competencies of Microsoft Power BI tool:

valued competencies of Microsoft Power BI tool

1. Integrates smoothly with the existing applications:

With Power BI, you can easily adopt analytics and reporting capabilities as Power BI easily integrates with your current business environment.

2. Personalized dashboards:

The information dashboard can be customized according to the needs of an enterprise. To provide unified user experience, the dashboards and BI reports can be easily embedded in the application.

3. No memory or speed constraints:

While shifting an existing BI system to a powerful cloud environment with Power BI embedded, there aren’t any memory or speed constraints which ensure that the data can be quickly retrieved and analyzed.

4. Publish reports securely:

With tool available in Power BI, you can set up automatic data refresh and publish reports securely, which allows users to resort to the latest information.

5. Specialized technical support is not required:

There isn’t any need for specialized technical support as Power BI provides agile inquiry and analysis. It supports the use of intuitive graphical designer tools and natural language interface.

6. Balanced simplicity and performance:

The DAX scripting language and in-memory analysis technology depicts that there is a balance between simplicity and performance.

7. Extracts business intelligence rapidly:

Transform your enterprise data into rich visuals, hence extracting business intelligence for better decision making.

8. Supports Advanced Data services:

The Microsoft Power BI consulting tool can be integrated with advanced cloud services like Bot framework or Cortana.

9. Your data can be accessed easily:

Along with Microsoft techs such as SharePoint document or SQL databases, Power BI integrates with non-Microsoft solutions as well. PowerBI connects to around 60 common software solutions that businesses already use and draws a centralized, easy-to-digest dashboard. To name a few: Spark, Hadoop, SAP, Google Analytics, Salesforce, etc.

10. Easy implementation:

The demand for engineering or IT resource is less in order to implement Power BI. Sometimes there are instances where no engineering is required at all. Managers create an API key and plug it into the software.

11. Low costs and fast turnarounds:

By analyzing recent data, businesses can make informed decisions on the growing and underperforming market. Moreover, businesses can perform analysis internally so that money can be saved.

12. Innovation is Constant:

New functions and features are updated every month in Power BI products.  

13. Power BI Reports can be viewed across multiple platforms and devices:

You can access your Power Bi reports from your mobile device as well as a laptop, as long as you have an internet connection. Native apps are made available for iOS, Android and Windows devices.

14. Drag-and-Drop functionality:

You can create your own ad-hoc reports through drag-and-drop functionality, which is a very easy process.

15. Growing online Power BI community: 

Power BI is used by more than 200,00 organizations and has over 5 million subscribers. The online community has grown tremendously over the past few years, where people share their ideas on building dashboards.

To Conclude:

The ever-growing set of tools that Power BI contain holds the potential to provide with real, compelling and actionable insights from data, via dashboard-style reports. Power BI has various benefits that can help you and your organisations improve on your business intelligence. With this, you now have a clear picture of various working ways of Power BI, which will help you execute the same.

KnowledgeHut

KnowledgeHut

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KnowledgeHut is a fast growing Management Consulting and Training firm that is a source of Intelligent Information support for businesses and professionals across the globe.


Website : https://www.knowledgehut.com/

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2 comments

pushpalatha 08 Jul 2019

thank you for the informative article

Nandha Kumar 08 Jul 2019

As Pusphalathe said from this article we can gain a lot of information.

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What is Power BI Used For - Practical Applications Of Power BI

Organizations deal with lots of data regularly. But in case you are not able to access or connect with that important data, you are not yielding anything. You are keeping your organizations away from getting the value. Microsoft Power BI will help you solve this problem with the help of a powerful business intelligence tool that mainly stresses on Visualization. Microsoft Power BI is a fundamental programming framework for organizations with huge amounts of disparate data developed during normal business operations. Power BI has numerous uses in building a software system. Let’s see the practical uses of Power BI below:Visualization = Inbuilt featureServer-Level Data ManagementAnalytics With Internal Software SystemsProvide complex data within software and appsStreamline Organizational ProcessesVisualize Details EasilyEnhance the marketingReal-Time look at the company’s financial performanceCreate Consistent Reporting Standards 1. Visualization = Inbuilt featureData Visualization is very crucial for human management in business systems. The computer programs are written in coding language whereas business people need to be able to visualize and understand the business data. Microsoft Power BI provides such tools that will let you visualize key data points accurately from various sources in a single dashboard. Power BI integration with Cortana can visualize data, interact with it in your OS, and search your data with Cortana’s powerful AI systems.2. Server-Level Data ManagementIn businesses, data comes from various sources. Most of those sources reach the server at some point. Power BI tools let you manage all the business-related data at the server level with the goal that you have more extensive and complete information systems than the data you collected from a program working on a few PCs. 3. Analytics With Internal Software SystemsYour business needs to access data from the complete software system to manage it. Power BI merges with any software platform used to manage the businesses. This consists of mail management,  social media platforms, accounting software, CRMs, and traditional data platforms like Azure and MySQL. Multiple dashboards for data management are integrated to form Integrated data management. If the businesses use integrated data management then the businesses need not use multiple dashboards for managing the data. 4. Provide complex data within software and appsPower BI takes input from various sources and provides that data in various contexts, including embedded within your own apps through API by Microsoft. Moreover, Power BI offers tools to manage businesses allowing app customization. It also provides a product value-add feature that is used to track and identify the key data sets regarding the product or service.        5. Streamline Organizational Processes The departments such as Sales, marketing, operations, HR, and so on in the organizations need their own data sets, KPIs, and their own data management systems. Power BI offers specific functionality to the businesses in the form of a data management system/app to streamline the processes from different departments. It let the businesses use the templates for intuitive dashboards and reporting systems instead of creating a system part-wise for your business. It gives your teams the capability to manage quality and efficiency without software customization. 6. Visualize Details EasilyPower BI helps businesses to check any kind of details to ensure that the business is running smoothly. While some enterprises track a small amount of inventory, some businesses track sales calls (made by the sales team members). These data sets are designed with Power BI algorithm and delivered in a readable and easily understandable format.7. Enhance the marketingBusinesses spend intensely on online marketing to attract customers. But the huge mass is failing to convert while researching the solutions to their uniques problems online. In this case, Power BI helps you create a chart to track the user behavior all through their online visit. 8. Real-Time look at the company’s financial performanceFinancial issues have an enduring effect on your organization, particularly if it's totally all of a sudden. Microsoft Power BI gives you understanding into the performance of the organizations at numerous levels. With Power BI, you can gaze into teams productivity, top-selling products, the income created by a specific division and numerous different perspectives. With Power BI, you will be able to get immediate attention on sudden financial drops and will be able to fix the issues before it turns into a huge concern.   9. Create Consistent Reporting StandardsEvery organization relies on applications from accounting to sales for their day-to-day job duties. You will not always get a reporting feature in these programs and if you get, the format varies from app to app. Using Power BI, you can pull the data and generate reports to provide you organizational standards. It is less hectic for the managers and takes less time to get the data if it is presented in the same format and style each time.Use-cases of Power BIThere is no doubt that Big Data has big potential today. Most of the companies using Power BI have started enjoying the real benefits such as higher efficiency, improved performance, and more efficient use of their data. Here are some of the real-world examples of Power BI that will tell you how companies are reaping commercial success with Power BI.1. MediaComMediaCom is the world's most famous media agency and the largest cable television provider was in need of the module that can easily measure and represent the health of a large number of diversified data sets.  For this problem, they found the solution i.e. ‘health check’ which is able to capture every surface of a multi-platform media in one single score, including paid media effectiveness, earned media effectiveness, the ratio of earned-to-paid media, realized customer value, and longitudinal performance. The feature ‘health-check’ is built on Power BI that provides a campaign dashboard, a collaborative site where the account team can ask their queries to the customers. With the adoption of Power BI, the company yielded increased optimization checks for campaigns from weekly to daily basis.     2. Carnegie Mellon UniversityCarnegie Mellon University (CMU), a global research university known for its world-class studies was looking for some option that can optimize the power (energy) and operational efficiency in buildings around the globe.The university installed a PI system and integrated automation system of the whole building. Also, they installed lights, ventilation, air quality, weather, and security data sources.   At that point, they included Power BI for Office 365 to give custom-reporting abilities to all the constant information created by the different frameworks, furnishing employees with maps, visualizations, and dashboards indicating data, for example, building types, geographic areas, and power consumption. This data empowers employees to identify the environment, and show them to reduce energy usage. With Power BI installed, CMU identified 30% less energy consumption.3. 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