Microsoft Power BI is a business intelligence tool that is one component of Microsoft’s expanding Power Platform. It functions as a collection of software services, apps, and data connectors that work seamlessly to create a unified vision of an organization’s business data into coherent, visually immersive, and interactive insights and data analytics. The enterprise data may reside in an Excel spreadsheet, legacy database, or a combination of cloud-based and on-premises hybrid data sources.
Microsoft has positioned Power BI as a self-service tool that allows business users and IT resources to rapidly build and deploy reports, dashboards, and apps with limited ramp-up time. The visualizations and analytics produced by the tool can be utilized by an organization to identify trends and outliers in large data sets and facilitate business decisions in an accelerated manner.
Power BI is more than reporting and analytics. Power BI can help your business users gain valuable information about your organization’s data. From profiling data quality to identifying the distribution of key data points, Power BI provides functions that allow those closest to the data to better understand how to share key data across the enterprise.
Creating stunning visualizations is where Power BI comes alive. The common visualizations are front-and-center:
Power BI also provides visual tools to help you find the root cause of a drop in sales or the breakdown of geographically dispersed data (either plotted on maps or in easy-to-read graphics). Power BI even allows users to ask questions about the data and build additional visuals from the questions and answers.
Power BI’s Quick Insights feature uses advanced analytical algorithms to generate a set of analytical visualizations based on imported data. These Quick Insights visualizations identify trends and outliers that aren’t evident in graphics built by a developer or business user. In addition to the Quick Insights feature, Power BI supports artificial intelligence capabilities that utilize text and vision analytics for functions such as key phrase extraction, score sentiments, and image tagging.
An organization will benefit from these Power BI features by improving the accuracy and timeliness of data while creating powerful insights that can be used to make informed business decisions.
One of the strengths of Power BI is the ease of use that allows non-technical users to rapidly import data into Power BI Desktop and subsequently build meaningful visualizations, which can then be deployed and accessed by decision-makers in the organization.
Opportune LLP’s Process &Technology group can provide consulting services to help your organization make better business decisions based on an embedded data culture. Whether utilizing Power BI or other tools to bring business insights to the forefront, Opportune has the expertise to put the best data in the right hands for better business decision-making. The following is a sample of our capabilities and solutions:
When you choose Opportune, you gain access to seasoned professionals who not only listen to your needs, but who will work hand in hand with you to achieve established goals. With a sense of urgency and a can-do mindset, we focus on taking the steps necessary to create a higher impact and achieve maximum results for your organization.Leadership