Microsoft Power BI is a cloud-based business intelligence visualization and analysis tool that helps companies collect, manipulate, and visualize data from a variety of sources. Power BI can be used to create interactive reports and dashboards that helps business management; review company performance and make better, more informed decisions based on real-time data.
Power BI includes versatile features, such as searching for data from different sources. There can be numerous data sources and they can be of different types, such as Microsoft 365, SQL database, cloud services such as Microsoft Dynamics 365 or Salesforce. The platform also enables easy data transfer and editing, which can be combined with different files and data sources if necessary. Power BI can be used to create versatile visualizations, such as various tables, charts, and maps, that help companies understand the meaning of data and develop their companies in a more data-driven way.
Companies benefit from Power BI in many ways. For example, the tool can help sales teams track sales targets in real time, view customer purchasing habits, and predict sales opportunities. The platform can also help a company view production processes, analyze billing, review employee performance, and track the impact of marketing efforts.
A practical example of how Power BI can be used is a retail company that uses Power BI to view sales data across stores. This helps the company quickly react to sales increases or decreases and take necessary actions to manage product inventory levels. Another manufacturing company can use Power BI to monitor production line efficiency and detect potential bottlenecks in the production process.
Get in touch and discuss with our experts what opportunities the platform offers for your company.