In God we trust, all others must bring data.
-W. Edwards Deming
Data is the core of any business and in today’s day and age, it nearly determines the fate of an organization. For your business to run, you collect data from various sources in the hope to use it extensively. But gathering huge amounts of information will get you nowhere if you do not know how to use it and where.
Welcome to the world of business intelligence.
Next level BI
For a very long time, we have been dependent on MS Excel because you can amass data in several hundred rows, create grids of numbers, texts, formulas, record financial data, plan budgets and so on. But imagine a quicker, simpler and a scalable way to collate data, organize it based on your requirement, making it visually striking and predict the future based on a certain pattern, seamlessly. This is what Power BI does for you.
Power BI plays on the adage- seeing is believing. And if you chance upon organized, visually striking data for use, you will stop, see and believe too. It won’t take you long to see the incredible potential that Power BI holds (after the initial resistance) you will proclaim your love for it too.
Power BI is a hypernym for a variety of cloud-based apps and services which aids companies in collating, managing and analyzing data from various sources. It can connect to an extensive range of data sets and systematizes the information it’s provided so that it can be better absorbed and comprehended.
Wonder compression
Most companies still rely on Excel to share their data. Some have created specific workbooks to store and distribute tons of information. Since its always safe to go the traditional way as most people would say, information stored in Excel will not cut down on the storage space used. You will have to convert a file in the .csv format and then open it and view it as required. Now with Power BI, all your files will be stored, analyzed, saved and connected using a fraction of storage space. It compresses and caches data using advance algorithms. It’s not too bad on your pocket as well!
See, spot & predict
The business environment is erratic, so is the client’s behavioral patterns. Technology, rules and regulations, socio-political scenarios, every factor are characterized by unpredictability. You can never be too ready to meet or exceed these demands. Power BI can help predict the future by spotting a certain trend in the data stored. It helps business owners not only to go back in time to do an analysis, but it can also foretell the future by running ‘what if’ scenarios. You can be well prepared for a dynamic environment and make your business future ready.
Looks matter!
At first, it may sound off-putting but hear us out. Data visualization is significant as it turns mundane data into visually striking information which our brain actually remembers. It has been scientifically proven that a human brain processes visual up to 60,000 times quicker than text alone. Absorbing of data is quicker and retention is guaranteed. Power BI does that for you. It changes huge amounts of texts, numbers into an organized and visually striking dashboards. Neither using Power BI isn’t rocket science nor you need to possess exceptional creativity. An MS Office suite user can easily operate Power BI without flinching.
Up in the cloud
Power BI is a cloud-based SaaS product that enables business owners to create custom made live data dashboards. This data visualization is easy to analyze, store, share with your employees, peers and stakeholders. You can publish it to the secure Microsoft hosted cloud service, called Power BI Service, and automate the refreshing of your underlying data. With Excel, you have to email a large file or save it in a shared drive and then inform all the relevant parties about the stored data. Power BI has transformed this process. All you have to do is hit the ‘publish’ button on the right and your data is available for people to view. It saves you a lot of time, energy and resources as well.
Blinker vision security
As a business owner, you will collate various kinds of data pertaining to the market trend from different sources. Now, not every employee/individual needs to view or use all the stored information. You can control the type of data an employee is allowed to view by using Row Level Security with Power BI. Like blinkers, it will prevent unnecessary information to be viewed m and keep them focused.
Integration is the key
Power BI easily integrates with other popular business management tools like SharePoint, Office 365, Salesforce, GitHub, Dynamics 365. It comes with pre-built dashboards and its users can retrieve data from multiple sources irrespective of where the data is stored, create a consolidated view in the form of charts and graphs.
For that Aha! Moment
Many businesses have prioritized digital transformation for ensuring future competitiveness as they are moving towards a data-driven, decision-making enterprise that will change their products, services, and processes.
With our help at AhaApps, you will be able to get new insights from your data that you couldn’t have fathomed ever. We believe in getting the right information, at the right time and in the right manner. Instead of sifting through hundreds of data, with our help and Power BI, you will save time, resources and patience. You might even take up a new hobby or finish the book which might have gathered dust by now.
So, schedule a free consultation with us for visually exploring your data, seamlessly.
Author’s bio:
Mohona is a Content Writer for the Marketing team in AhaApps since 2019. When she is not busy attending to her creative, technical side, she likes to binge on sitcoms on Netflix. She loves writing poems and reading short stories when she wants to break away from the humdrum of life.