improve profit margins. Businesses are therefore generating large volumes of data that
they can use to improve decision-making. You need to empower analysts with the best
analytics tools to maximize the return on data investments and deliver valuable insights.
You can deliver analytics using platforms like Power BI Analytics, which provides a simple
drag-and-drop interface for activities such as:
- Data preparation: Combine data from multiple sources and format them for
analysis. - Data querying: Obtain answers from datasets to answer specific questions.
- Data visualization: Create visual representations of your data through charts,
graphs, histograms, etc., for easy analysis. - Performance reporting: Compare your current performance to historical metrics
and share the results with your stakeholders. - Data mining: Use machine learning and statistics to uncover trends in large
datasets.
user-friendly interface. Modern analytics platforms empower business users and
executives to access data quickly and answer business questions on their own instead of
taking the conventional approach of sending requests to the IT team.
What is Power BI Analytics?
What is Power BI Analytics?
people and organizations to make the most of their business data. You can create
engaging visualizations in Power BI Analytics and help users make sense of the massive
amounts of data generated.
Gartner’s research shows that Power BI is the leading data visualization platform, with
over 6 million users and 97% of Fortune 500 companies in their clientele. It consists of
two components:
- Power BI Desktop is the free desktop version that enables data analysis and report
creation and includes the Power Query Editor. - Power BI Service is the cloud-based version of Power BI, with basic report editing
functionality, designed to distribute reports across the enterprise.
Typically, teams use Power BI Desktop to create reports and Power BI Service to
share them. A paid Power BI Pro version offers a mobile app with better collaboration
capabilities and the ability to publish and share reports across the Power BI cloud
platform. Power BI Pro is a part of the Microsoft 365 E5 subscription, so you can access
it if your organization uses Microsoft Office 365.
Benefits of Power BI Analytics
Benefits of Power BI Analytics
1. No coding skills are needed
One key strength of Power BI is its intuitive user interface that enables technical and
business users to build advanced data visualizations. Power BI’s intuitive drag-and-drop
interface makes it easy to answer complex data-related questions without needing
coding skills. This simplicity removes any barriers to performing advanced analytics
such as trend analyses, regressions, and statistical summaries. Power BI Analytics also
integrates with several existing Microsoft applications, such as Microsoft Excel,
PowerPoint, and Teams, making integrating data insights into existing workflows easier.
2. Democratize data insights with advanced dashboards
A dashboard is where data is combined from multiple sources and presented visually in
charts or graphs to make it simpler to analyze and understand. Power BI has
many reporting features for users to readily create intuitive and interactive
dashboards. It can connect to multiple data sources and be enriched with
comprehensive data from various organizations’ applications, helping you create
powerful data models.
Power BI dashboards can help you uncover critical insights, speed up enterprise-wide
decision-making, and align your efforts and resources with your strategic objectives.
You can democratize data insights at scale by training several users to create such
dashboards, helping you transform into a data-driven organization. Several Microsoft
partner organizations also offer Power BI consulting services to simplify and accelerate
your transition to Power BI.
3. Tell compelling stories using advanced data visualization
Compelling data storytelling has become more critical today, given the enormous
amounts of data generated. Dashboards are great for analyzing data and providing
insights. However, data stories take it a step further, providing a step-by-step process
to explain why specific trends are occurring. Power BI enables users to create a series
of visualizations and form a visual story that delivers insights, provides context, and
accelerates decision-making. The ability to transform advanced visualizations into a
compelling data narrative differentiates Power BI from other tools. Data stories are
highly effective in communicating actionable insights to decision-makers, which aligns
with the primary goal of BI analytics solutions.
into your business. Our expert team will help you to extract real-time insights with
Rite analytics services. Let’s connect to talk about more details!
