Maximizing Business Intelligence with the Benefits and Features of Power BI

Power BI is an exceptional tool for any business striving to grow. There is no doubt about its efficiency as the 2021 Gartner Magic Quadrant for Analytics and BI Platforms declares it the market leader. The purpose of the business intelligence platform is to model, analyze, explore, share, and manage data for less technical and businesspeople.

What is Power Bi?

Power BI is software that converts raw data into more immersive and interactive insight and information. Microsoft develops it. Power BI combines business analytics, data visualization, and best practices and offers Advance power bi features and benefits. Power BI ensures that businesses make data-driven decisions using interactive dashboards and business intelligence reports.

7 Major Features of Power BI

Let’s talk about the features of Power BI.

1. It extracts insights from large datasets.
2. Monthly product updates
3. Analyzing datasets in excel
4. Quickly source and transform data
5. Reuse data sets across different reports and dashboards
6. Integration with other Microsoft products
7. Power BI mobile app

It extracts insights from large datasets

When there is vast data, it becomes a problem to manage it for its efficient use. There are some limitations. For instance, excel worksheets have a limit of 1048576 rows that cannot exceed. A massive number of rows will also limit the performance, as the user can only act slowly. But that is not the case with Power BI. It allows users to extract insights from big datasets. It provides data sets extraction from over 100 million rows. In addition to that, Power BI offers useful features like setting up aggregation tables. It helps with reading up on the queries and reducing the time for extracting a report.

Monthly product updates

One of the most outstanding features of Microsoft Power BI is its monthly feature updates. It helps the online community to prioritize the new Power BI feature. That can be done by voting online.

Analyzing datasets in excel

The excel users ask for an excel report of the data. As it is a data analysis tool, Microsoft Power BI moves ahead in providing flexibility to the user and offers analysis in excel. That means Excel can connect to Power BI data for generating reports. Users can use pivot tables in excel to slice the data with Power BI. The users can get the latest data easily.

Easily source and transform data

The problem with massive data is filtering and joining for its successful usage. Microsoft Power BI comes to the rescue by allowing data import for transformation. It can be done through a power query. Now the programmers can connect it to files and select suitable SaaS connectors from various sources. Moreover, the user can also connect to the cloud and on-premises databases.

Reuse data sets across different reports and dashboards

A business needs to reuse data across multiple reports. Power BI allows the company to reuse data across different connected reports. It is the most defining and differentiating feature of Power BI that sets it apart from other data visualization tools. Sharing datasets is now possible outside a workspace. Datasets can now be shared through multiple workspaces.

Integration with other Microsoft products

Microsoft products make work easier for a business. Power BI integrates with other Microsoft products, such as Office 365. Microsoft Teams can reconnect the whole team on the same page. Microsoft PowerPoint can be used while exporting a Power BI report to PowerPoint. It helps in making presentations using the data in Power BI.

Power BI can integrate the Microsoft Word document. The Word document details help provide a better understanding to the users.

Power BI mobile app

Power BI allows access on different devices, including iOS, Android desktops, and windows. It will enable the viewers to use rich features and view mobile-optimized reports. The users can share insights and set alerts using the mobile app.

Power BI offers data mapping

Data mapping is vital for moving the data to its destination. It helps maintain data accuracy. Power BI helps in making the data unambiguous. It makes the data visually appealing by sharing insight through mapping. There are three types of maps: standard maps, filled maps, or ArcGIS maps.

9 Major Benefits of Power BI

Power BI offers a comprehensive list of benefits.

1. Offers multiple features
2. Improved accessibility
3. Utilizes artificial intelligence
4. Refreshing data
5. Affordable cost
6. Rapid information breakdown
7. Multiple updates
8. Key functionality
9. Embedded attributes power

Offers multiple features

Power BI offers a wide range of advanced features that improve its compatibility and usability. Power BI offers innovative visualization of business data that helps make data-driven decisions. In addition, power BI pro creates graphical data visualizations for the employees. It can be used in independent as well as collaborative environments.

Improved accessibility

Power BI provides access to Android, iOS, and Windows devices. These devices let users access advanced features. It has a user-friendly app that can integrate with the cloud software. Furthermore, it also allows using advanced data services like Cortana. The users don’t need to be tech-savvy as they are effortless.

Utilizes artificial intelligence

Power BI offers various artificial intelligence services, including image recognition and text analytics. Data sources allow the creation of a dataflow entity. Power Query editor helps in creating pre-trained machine learning models. Power BI comes with Azure cognitive services that support sentiment analysis, key phrase extraction, and image tagging. Powerful AI visualization gives a deeper insight into the data.

Refreshing data

Live querying is an essential part of data extraction. But for this, seeing the latest version of data is necessary. Power BI provides the exceptional benefit of refreshing the data cache up to eight times daily. Power BI Pro allows the user to update the data cache 48 times daily.

Affordable cost

There are two versions of Power BI: Power BI pro and power BI premium. Power BI pro access can be given to the business for a low cost every month. It uses the Azure cloud. When there are many users, then you need to access reports and want to refresh them eight times a day. Therefore, power BI premium is the suitable option. It is a little expensive, but it comes with a dedicated node that is more responsive.

Rapid information breakdown

There is confusion when there is massive data. Accessing the data is not a problem, but understanding is. Power BI offers access to simplified data that help make sound business decisions. Moreover, it performs insights that help understand where it is performing poorly and excellently in the market. It helps in making the company more competitive.

Multiple updates

Power BI gains continuous updates every month. There is an active interaction between Microsoft and Power BI community. The community is evolving and will help businesses grow intelligent systems and access more ideas daily.

Key functionality

Power BI promotes self-service. The drag and drop functions are the most prominent function of Power BI. It helps in creating custom reports at a faster rate. The users can use data visualization that helps in getting a better understanding of the information. Furthermore, Power BI optimizes natural language queries that are simple, and the user does not mean to need to learn the complex language.

Embedded attributes power

BI allows the users to embed BI and analytics. It helps in the creation of multiple interactive reports. It also helps in Geo map visualization. All the business environment integrations process reliable reports. Analysis can be done through dashboards, descriptions, and datasets. These account for creating a more personal experience for the needs of the business.

The role of Microsoft Power Apps in data integration

Power apps Development is incredible apps that help improve a business’s mobility, innovation, and productivity. Microsoft Power Apps help in data integration by using different Microsoft applications, including SharePoint, OneDrive, and SQL servers. It also supports third-party integrations, including Google Docs, Oracle, SAP, and Dropbox. The organization can also access its built-in data service, eliminating the need for other data integration.

Final thoughts: Power BI – The Leading Edge of Data Analysis

Power BI is the leader in data analysis as it provides efficient and user-friendly tools. It helps use data from multiple sources to make interactive dashboards and evaluate data for creating informative reports. It offers a great list of benefits. The benefits include better accessibility and utilization of artificial intelligence. Multiple advanced features offer usability and compatibility. The data is simplified for better visualization, which helps in making data-driven business decisions.