Have you been wondering what Power BI can do to your organisation lately? Here are the top 10 reasons for advancing to Power BI.
This blog will share my top reasons to use Power BI as your business intelligence tool for management reporting.
I have been using Power BI as a reporting tool in recent years. It has many advantages for management reporting as a new way to present stellar reports. And many organisations are now moving towards this free Microsoft business intelligence tool for their digitalisation advancement over the last year.
Even today, many organisations are comfortable using a complex Excel spreadsheet as their main management reporting tool. Excel, of course, is a powerful, flexible tool for everyone. However, we know that Excel has its tolerated problems that could not solve and recurs now and then. For example, in a complex and dynamic workspace, an unwanted corruption in Excel worksheets can disrupt our presentation plans and normal routines at the wrong time.
In fact, in today’s complex big data and multi applications environment, Excel may not be able to have that capacity to process those large quantity numbers without encountering any problems. We all have that “lost somewhere” in the Excel moment. For example, we have so many formulations and links that we don’t know the actual root cause of the presentation problems. But jokes aside, it has to be a backup somewhere when we count on the software to do a presentation job.
As an accountant and Microsoft data analyst, here are my top 10 reasons for using Power BI for your future management reporting.
- The fastest-growing business intelligence in the clouds
- The Power BI desktop is free to use software
- Find fast answers with the industry-leading AI
- Connect Excel and Power BI as one
- Automate your data updates
- Combine multiple data sources into one view
- Self-service data visualisation
- Connect to mobile teams or businesses with many locations
- Availability of Deployment Pipelines
- Real-time Data Analytics
1. The Fastest-Growing Business Intelligence In The Clouds
Power BI has recently been one of Microsoft’s largest and fastest-growing business intelligence in the clouds. It can seamlessly create and share interactive data visualisations across global data centres using cloud technologies to meet your compliance and management reporting needs.
2. The Power BI Desktop Is Free To Use Software
You can get everyone in your organisation hands-on in this business intelligence in the most economically way. And you can now easily create a data-driven culture across your organisation by offering everyone the business intelligence and analytics capabilities with Power BI Desktop.
3. Find Fast Answers With The Industry-Leading AI
Find your answers fast with the industry-leading Artificial Intelligence (AI). Power BI has in-built artificial intelligence to help you with in-depth analysis. Moreover, you can take advantage of this in Microsoft AI to help all the non-data scientists in your organisation. And it can quickly prepare data and find insights for the data gathered and built.
4. Connect Excel And Power BI As One
Power BI can combine with Excel to get broader data analytics and visualisation capabilities. It can then easily gather, analyse, and explore the key business data in many new ways, all in a much lesser time when using both apps.
Anyone with Microsoft 365 can easily connect Excel queries and reports to Power BI Dashboards. And it helps gather, analyse, publish, and share Excel business data in the cloud, mobile, and other ways. If you like to use Excel, you can easily work with Power BI data in Excel for ad-hoc analysis. Connect to your Power BI data models directly from Excel to create powerful PivotTables and charts with a single click.
5. Automate Your Data Updates
Automation is the key to digitalisation. You can get the updated data instantly on the Power BI desktop when you open your dashboard without additional action. And update your data in Excel or source data to refresh manually or automatically at any frequency you choose.
6. Combine Multiple Data Sources Into One View
In a Power BI dashboard, you can display ranges of data, charts, and tables by combining data from multiple sources with connecting your Excel workbooks and other applications data to Power BI.
7. Self-Service Data Visualisation
Connect your Excel data models to your Power BI reports. You can build interactive visualisations and use its Q&A to query by asking natural language questions. As a result, power BI can empower your workforce to another level of ability and experience to understand your data insights and discover their own.
8. Connect To Mobile Teams Or Businesses With Many Locations.
Power BI has simple and easy to use anywhere, anytime, saving time for the agile teams implementing this solution. In addition, it’s an excellent option for mobile teams or businesses with many locations.
For example, sales personnel on the road can access data from their phone. A data analyst can consult the dashboard from their desktop computer. And managers can view graphical representations from their tablets from home during management meetings.
This Business Intelligence platform also makes it easier for teams to collaborate by enabling them to work on any data source file simultaneously.
9. Availability Of Deployment Pipelines.
Power BI has deployment pipelines to enable your development team to properly test the data before it goes live in the workspace environment. It could help improve the publishing efficiency and ensure the accuracy of the BI content as it tests the migrated data after each phase. Moreover, it can quickly identify differences and move content from development and testing to production. You can above steps by using simple visual cues in deployment pipelines.
If you want to know how to properly do a data migration, see my previous newsletter –Steps To A Successful Data Migration Project.
10. Real-Time Data Analytics.
Real-time information is important in a competitive environment. And you can create real-time data analytics with Power BI. And it can help you analyse your real-time data analytics with ease if you are in a very operational business. That way, you’re always ready to make timely decisions.
Did I Miss Anything?
Now I’d like to hear from you:
Are you ready for Power BI?
Which reasons would make you give Power BI a try?
What is your Power BI or Excel experience?
If you are interested in understanding what Power BI can do for your organisation, I am happy to share more.
Just message me for more information.
Either way, please do let me know by leaving a comment.