Establish a Data-Driven Culture With Power BI implementation

Gone are the days when oil used to be an invaluable resource. In the 21st century, data has acquired that prominent position. In fact, the amount of data that is being produced every single day is roughly 2.5 quintillion bytes. By 2025, global data creation is predicted to surpass 180 zettabytes. The pace with which data has been growing is truly mind-boggling and it presents an opportunity for businesses to discover hidden insights out of it and make actionable business decisions in a quick turnaround time. However, with such a massive amount of data being captured and stored, businesses need a self-service data analytics tool that empowers everyone at every level in the organization by improving their business acumen.  

When it comes to self-service Business Intelligence reporting solutions, there is a plethora of tools available in the market. Amidst all, Power BI is the most sought-after data visualization software. Wondering why so? Let’s find out the reason. 

What is Microsoft Power BI and Why is it so Popular?

Microsoft Power BI is a robust data analytics solution that enables companies of all sizes to visualize data and obtains insights to make actionable business decisions. With Power BI, businesses can transform raw and unstructured data into interactive visualizations and dashboards to bridge the wide gap between data and decision making. Businesses that rely heavily upon data can leverage the potential of this data visualization tool to identify hidden trends and patterns, analyze data more efficiently, and get instant answers to all their questions resulting in improved decision making. 

Today, Power BI has over 5 million subscribers and some of the leading brands that are using this interactive data visualization software include KPMG, HP, Nokia, EY, Nestle, Humana, Rolls Royce, PricewaterhouseCoopers (PwC), Walmart, Apple, Samsung Electronics, and Berkshire Hathaway Inc., to name a few. Simply put, Microsoft has helped more than 250,000 organizations across the globe including 97% of Fortune 500 companies to establish a data-driven culture and make confident decisions. Furthermore, Microsoft has been positioned as a leader for Analytics and BI Platforms in the 2021 Gartner Magic Quadrant. By opting for Microsoft Power BI consulting services, you can also unlock insights hidden in your data and drive competitiveness to the next level. 

5 Reasons You Should Consider Implementing Power BI in Your Business

1) Easy Integration With a Host of Data Sources

Power BI is a proprietary data visualization software owned by the tech giant Microsoft. Being a Microsoft product, you can connect Power BI with almost every MS application such as Azure, Dynamics 365, MS Excel, Word, PowerPoint, and more. Besides Microsoft applications, you can also connect Power BI with SQL Server databases, data files (such as XML and JSON), Salesforce, OneDrive, DropBox, Spark, Hadoop, and Google Analytics, to name a few. 

Simply put, Power BI supports more than 70 connectors that enable businesses to load data from a wide range of data sources. Using these in-built connectors, users can load pre-built Power BI dashboards and perform data visualization and analysis within a few minutes. Furthermore, the drag-and-drop interface of Power BI allows you to get started quickly without the need to code or copy and paste anything. 

2) Rich Artificial Intelligence Capabilities

Microsoft Power BI comes with rich AI capabilities that allow businesses to unlock the potential of their data. It offers several AI-powered data visualizations that enterprises can leverage to bring data to life. For instance, Power BI users can choose from an array of data visualizations (scatter plots, pie charts, column charts, heat maps, bubble, etc.) to dive deeper into their data, identify trends & patterns that are difficult to find, and extract meaningful insights for quick business decisions. Furthermore, the implementation of these AI-powered data visualizations is quite simple and Power BI drag-and-drop functionality makes it easier for users to create clean, insightful, and visually-rich reports and dashboards. You may also seek help from a Microsoft Power BI partner for the implementation of AI-powered data visualizations, which in turn, allows you to make the most of your data.

3) Low Overhead Costs

Unlike other data analytics tools that cost an arm and a leg to businesses, Microsoft Power BI is a cost-effective data visualization software product that allows you to get started quickly with BI and analysis by paying a small subscription fee. When you opt for Power BI services, you will get the option to choose between Power BI Pro and Power BI Premium options. The Power BI Pro plan begins at $9.99 per user/month, whereas the Power BI premium plan begins at $20 per user/month. What’s more interesting about Power BI is that you will get end-to-end consultation from a Power BI expert for this software installation tailored to your business requirements. The low overhead cost of Microsoft Power BI levels the playing field for startups, small and mid-sized businesses, and large enterprises. 

4) Optimized for all Devices and Platforms 

Power BI is a cloud-based data visualization software that allows users to access this tool on any device such as desktops, smartphones, and tablets. Since this data analytics tool is optimized for all devices and platforms, it provides rich flexibility to prepare interactive data reports or make changes on the fly. 

5) Becoming Better With Every Passing Day 

Since its initial release in 2011, Power BI has been evolving incessantly to meet the dynamic demands of businesses across industry verticals. In fact, Microsoft rolls out new updates frequently and with every update, this data visualization software receives new features that help users make the most of their data. Besides new features, the security patches are released to keep this data analytics tool running without any hiccups. 

Summing Up

Businesses that understand the power of data analysis are embracing Power BI over other data visualization software. If you also want to harness the benefits offered by this BI and analytics tool, you should connect with a reliable Power BI implementation partner. By associating with a certified partner, you can leverage the data to your business advantage.