How Power BI Can Transform Your Business Through Good Data

Microsoft’s Power BI is a powerful tool that offers many options for visualizations, data collection, and measurement. You can utilize Power BI to transform your business through good data tools. Good data is data that paints a picture and can be used to influence important business decisions with concrete evidence. Let’s take a look at some examples of how to use Power BI to improve your business.

SEE ALSO: 4 Reasons Why Data Visualization is Important for Your Business

Reduce Costs

A study of Power BI and Azure Analytics found that when used by business owners, the total ownership cost dropped by over 25%. The economic model makes Power BI highly accessible and takes away the hassle of constant system management. The easy roll-out makes it easy for companies to adapt to the new model and quickly train analysts to use the new systems. 

Reducing costs means you can put more investment into your team and training, as well as research and development. This will allow you to capture useful insights about your customers, and give them to a team that is prepared to analyze and present their findings. 

Productivity

On average, users of Power BI and Azure Analytics save 1.75 hours per week for their business. It improves productivity by combining familiarities of MS Office, making it easy to use and train new employees. It collects data much faster, therefore increasing total outputs. 

Higher productivity in the office allows you to gain faster access to critical data revolving around your business. When new trends or audiences appear, Power BI allows you to quickly identify opportunities and threats, and your team can access this information through the centralized dashboard. 

Business Central Data

Business Central allows users to view data through custom and premade reports in Power BI. You can also design custom report templates for maximum efficiency and consistency. You can also take displays from Business Central and quickly turn them into useful reports to share with your organization on the platform. 

Power BI also offers apps and customizable dashboards to make everything easy to access and understand. Power BI offers many visualization techniques for users to display their information effectively and to make it easily digestible.

Connect Accounting Data with Analytics

Power BI analytics

 

You can get actionable insights with accounting data and Power BI. You can utilize the system to understand, communicate, and present information to the right people at the right time. You can also get access to data in real-time, which makes adjustments and reporting effortless. You can eliminate undue stress by connecting your accounting information with Power BI, which will allow you and your team to stay on top of bookkeeping and budgets. 

Quick Valuable Insights

Power BI provides comprehensive data where you need it the most. You can Power BI access through your phone or desktop to review your analytics easily, and Power BI provides breakdowns of data through easy-to-understand and shareable reports. By accessing these insights, you’ll be able to make informed decisions about your business based on what your customers want and your overall mission. 

Keep In Touch

Data management tasks and tools become more difficult as your business expands. There are also many obstacles for businesses to obtain useful data. Power BI fully integrates with your digital presence, so you can easily track data through your online platforms and deeply understand your customers.

This tool allows you to stay on top of trends and have meaningful conversations with clients. By assembling your analytics through Power BI, you have a centralized hub of information that isn’t bogged down by overwhelming numbers and statistics. This allows everyone in the organization to stay on top of company data and goals.

Conclusion

Analysis using Power BI

Power BI allows business owners to take control of their business in a new way that is informed and empowered. Utilizing custom features, analytics, and reporting through Power BI keeps your whole organization connected and on the same page. It also allows you to make informed decisions regarding your business, brand, and campaign strategies. Power BI is a great investment for any business owner looking to transform their business through good, useful data. 

SEE ALSO: 6 Reasons to Use Microsoft Power BI for Business Intelligence

Feature Image Source: Microsoft

Image 1 Source: Microsoft

Image 2 Source: Microsoft

Karandeep V

Karandeep was born in Pune, Maharashtra, an upcoming metropolitan city in the Western region of India. While most members of his family are engineers, he had different ideas. He was more inclined toward exploring the non-technical aspects of a business, which is why he studied Bachelors of Business Administration at Symbiosis International University, Pune. 

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