Why Microsoft Power BI ? Use of Analytics for Businesses

Rather than “going with gut" when managing inventory, pricing products & solutions, or hiring talent, adopting analytics and systematic statistical reasoning to make decisions helps you achieve efficiency, reduce risk, and improve profitability.
Analytics-driven from the data you already collect could make your job easier. How? By extracting trends, patterns, and actionable insights from historical data.

Benefits of consumer patterns

McKinsey’s research states that organizations that are brilliantly using their consumer behavior insights are leaving behind their peers as they tend to overtake by nearly 85 % in sales margin and by more than 25 percent in gross margins, and still growing. The research prompts organizations to consider consumer information’s strategic importance for developing the business.

Driving performance through data

Data and analytics play a significant role in reducing incompetence to streamline business operations, product innovation, operational excellence, and workforce planning. Analytics produce calculated insights for solving complex and challenging business situations by measuring key performance metrics across areas.

Generally, employees hired for their expertise with numbers or trained to recognize its importance are equipped with the best evidence and the best quantitative tools. Consequently, they make the best decisions states Harvard business review.

Power BI capabilities

Power BI is an excellent and robust business intelligence tool. It is for keeps in the world of data visualization for a long time now. It assists scores of data sources in connecting instantly through comprehensive reports by instilling life in the data.

For 13 consecutive years, Gartner has recognized Microsoft as a Magic Quadrant Leader in analytics and business intelligence platforms.

The Total Economical Impact of Microsoft Power BI: Organizations created data-driven cultures and saw a three-year 366% return on investment with business intelligence through Microsoft Power BI.

Benefits of Power BI you can easily understand

• Power BI dashboards are user friendly and can be enhanced to meet the need of the enterprises. Power BI dashboards embedded on your websites, Applications etc. to provide a unified user experience.
• Easy to use intuitive graphical functions means your users don’t require professional training when using the app. Ensuring your employees’ learning is fast and concise.
• Power BI runs on various internet platforms and devices, i.e., Android, iOS, and Windows devices.
• A person familiar with Office 365 can easily connect Excel queries, data models, and reports to Power BI Dashboards, thereby quickly gathering, analyzing, and publishing besides sharing Excel business data in new ways as required.
• Proceed ahead from data to insights and insights to action with the Microsoft Power Platform, combining Power BI with Power Apps and Power Automate to quickly build business applications and automate workflows.
• Microsoft Teams & Power BI: Microsoft Teams is most sought engagement tool, the new Power BI app enables users to quickly discover, search and discuss data without ever leaving Teams. This central, personalized home for data in
• Teams will ensure that insights are always just a click away from where conversations are happening and where decisions are made.
• Power BI has led the way in infusing AI with BI through capabilities like Quick Insights which help unearth trends in data and Q&A which enable business users to get answers by simply asking questions. Azure Cognitive Services and Azure ML dataflows integration, providing analysts with a toolkit of powerful AI functions.
• Integration with Voice Assistants like Microsoft Cortana & Siri Shortcuts: Power BI Mobile iOS app is now integrated with Siri shortcuts. Now, you’ll be able to just say “Hey Siri, open my report” and you’ll get the content you’re looking for.
• Microsoft secure platform helps you to setup auto data refresh and publish reports across channels, so that you have latest information.

There are many more benefits, contact us to know more about POWER BI, and how it can digitally transform your data to drive your decisions.