Microsoft Power BI - from data to valuable business information
Kilobytes, megabytes, gigabytes, or terabytes? What units do you think the amount of data we produce every day is measured in? According to data published by Forbes, the amount of data is 2.5 trillion bytes per day. This is not the end of the story. The rate increases in proportion to the development of IoT (Internet of Things). How to turn this data into valuable business information? This is where data analysis systems such as Power BI come in handy!
Why is data analysis so critical?
Gathering and correct analysis of data reaching organizations are one of the biggest challenges facing entrepreneurs today. Unfortunately, the mere fact of having data does not bring any value. Only their proper analysis and conversion into business information become valuable for the company and help set the development directions.
Appropriately processed data helps:
- have a constant overview of the condition of the entire company,
- ensure that the short- and long-term objectives set are met,
- identify market opportunities and risks,
- better define customer needs,
- improve the financial performance of the company.
How does Power BI support data conversion into business information?
Microsoft Power BI is a whole set of analytical tools that provide information for the entire organization. They combine different sources of data, simplify their preparation and analysis.
What can Power BI do for your company?
- Compares data from different sources
They can come from Excel spreadsheets, ERP and CRM systems, e-mail marketing systems, social media, streaming data, cloud services and more. There is nothing impossible for Power BI. Data aggregation is fast and efficient. Thanks to this, we have all the company data in one place.
- Presents data on one dashboard
Power BI provides easy access to information and customizable views. Importantly, they are available on both desktops and mobile devices.
- Prepares interactive reports
In Power BI, creating clear reports with impressive graphic design takes little time. They are immediately available for the whole company. This greatly facilitates the work of individual departments of the company and provides constant insight into the company's condition.
- Provides continuous access to your data
Live performance tracking and sorting from "general to specific" make decision making more efficient. Information is available regardless of the time or place we work from. This is particularly important for managers who often travel on business or for sales representatives.
Of course, these are not all the advantages of Power BI. It is worth adding to the list an intuitive interface operating on the principle of "drag and drop" or the ability to completely adapt the system to the needs of a given organization.