microsoft power bi
If you’re not very familiar with Microsoft Power BI, you might be wondering what it is and how it can help your business.
Power BI is Microsoft’s cloud-based analytics system. It allows users to visualize data and analyze the same in a faster, more efficient, and more understandable manner.
Another function of Power BI Office 365 is it links users to a plethora of data through visualizations, interactive reports, and user-friendly dashboards.
Typically, business intelligence systems function with the help of individuals assuming these two roles – A business user who checks and studies the system-generated reports, and a business analyst who prepares these reports.
Businesses usually employ IT personnel or administrators who take charge of the data collection. They are also responsible for compiling data and presenting them in spreadsheets.
In collecting and displaying these pieces of useful information, the accountable person spends an excessive amount of time creating reports, graphs, and datasets that can easily be digested by the other team members.
Microsoft Power BI helps you to create more compelling, efficient, and on-time business reports.
Now that you have an idea of Power BI’s mechanism and how it can benefit your business, here are other more in-depth reasons why this system is advantageous to your organization.
The good thing about Power BI Office 365 is it can connect and work with your existing payroll application, accounting package, and other software that runs the specifics of your company’s service or products.
Whether it’s a pre-existing proprietary, project management, or inventory management software, Power BI can seamlessly work with it. All these are made possible by software logic and API integrations.
While it’s quite impossible to predict the future, Power BI can help you see trends quickly. These trends can help you come up with analysis and insightful comparisons.
For example, Power BI makes the comparison of year-to-date sales for the current and past years easier. You can segregate the results per customer segment and analyze your customer performance, stock holding, or margins.
Power BI makes setting up models to spot these trends easier. In the end, you get beautiful visualizations that can transform data into valuable information.
In sharing reports externally and internally, email is considered the most preferred tool. Power BI can exceed what emails can do for your team. Power BI allows users to embed their live reports on different web pages.
Through this, admin time spent in sending these reports will be significantly reduced. As a result, it becomes easy for your team to concentrate on things that genuinely matter. The team will get possibly more time to grow the business, attend to the needs of the resources, and satisfy the customers.
Where can you ask for help in shifting to Power BI?
Finally, when you and your team can visualize the benefits of using Microsoft Power BI, then it’s time to seek expert advice from consultants like the EPC Group.
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