Power BI is Microsoft’s data visualisation tool that gives businesses useful insights into how they’re performing and how they could do better.
While it’s perfect for businesses who already have large amounts of data to process, the tool can also be extremely valuable for those smaller businesses who wish to gain a deeper understanding of what’s going on and what could be improved.
Excel, another Microsoft product, has traditionally been used by many businesses to gather and analyze data. And, while Excel still has its place, Power BI allows you to do more with your data, pulling it automatically into one central system and creating reports, predictions and forecasts for you to learn from.
If you’re looking to organise your data in a productive way, up your business intelligence game and grow your business, Power BI could be the tool for you.
Today, we’re looking at how you can grow your business with Power BI.
Everything in one place, automatically.
In Excel, a lot of data input is manual, but Power BI has the ability to automatically pull data from a wide range of sources, giving you a visual overview of what’s going on in seconds.
Power BI integrates with a number of apps, including ZenDesk, Xero, Google Analytics and, if you really can’t give up your spreadsheets, Excel.
You can create clever dashboards that give you all the information you need at a glance, without having to digest reams of numbers and statistics.
Identify new opportunities.
By collecting and analysing data, you can spot new opportunities for improvement or new business.
As the old saying goes, knowledge is power. And, Power BI gives you that knowledge.
For example, if you’re tracking company spending, you could spot areas on which you could save money.
Insight into the future.
No one ever knows what’s around the corner, but you can still take steps to be prepared.
Power BI has brilliant forecasting capabilities, making it easier for you to spot trends and predict the future of your business.
Using your current and historic data, the platform can plot out an estimate of what your stats could look like in the future. Insight into the future.
How do I get set up?
You can get Power BI on your desktop and mobile for free, but there are a few paid options, depending on how many users you want to access the platform.
Power BI Pro costs $9.99 per user, per month, but it is included with the Office 365 Enterprise plan.
Meanwhile, Power BI Premium and Power BI Embedded, aimed at larger organisations, vary in price depending on your needs as a business.
If you’d like to get some help setting up Power BI, or are curious if the tool is right for your business please get in touch with a member of our team today.
You can find out more about Power BI here.