A Comprehensive Overview on Power BI

1. A Comprehensive Overview on Power BI What is Power BI? Data has become a lifeline of today’s businesses, and with amassing amount of data being generated it has become integral for businesses to make use of the data and turn it into intelligible insights. To derive actionable insight from their data, organizations are in dire need of some business intelligence tools like Power BI that is used for a variety of purposes. Power BI is a collective name given for cloud-based apps and services that facilitate organizations to collect, manage, and analyze data from a variety of sources through a user- friendly interface. Organizations with the help of Power BI can easily connect to their data sources that can be an Excel sheet or a collection of on-premises data warehouse and cloud- based data, visualize, and discover meaningful insights from the data to share it with anyone or everyone they wish to share. What is the role of Power BI? Power BI is data visualization and business intelligence tool that collects data from various sources and converts it into interactive dashboards and analysis reports. This data visualization and business intelligence tool is used to run reports and derive meaningful insights from the company’s data. Power BI not only allows organizations to know about their past and present but also helps them visualize the future scenario. Besides, this tool is equipped with machine learning capabilities that allow it to spot data patterns and make use of those patterns to make informed forecasts for the business. This further help organization to prepare themselves for the future challenges and allow them meets future demand and other key metrics. What are the vital components of Power BI? Power BI is a tool used to generate dashboards and reports and its applications are accessed by other users through desktop and mobile devices. The five main components of Power BI released in the market include: Power Query - It is a data connection tool that allows organizations to transform, combine, and enhance data collected from different sources.

2. Power Pivot - This data modeling tool is used to create data models for in-memory analytics. Power View - The data visualization tool is used to create interactive charts, graphs, maps, and other visuals. Power Map - This visualization tool brings data to life with interactive 3D visuals. Power Q&A - This Q&A engine allows organizations to ask questions related to their data using a natural language query. How organizations benefit from using Power BI? Organizations that prefer to have more reporting power and analytical features than offered by Excel can make use of Power BI, which is the next level of business intelligence software. Power BI allows an organization to collect, analyze, and visualize data from across the company to have a better insight into their operations and performance, and help them make more informed decisions based on real data. Find below some of the benefits that organizations enjoy: Built-in machine learning feature in Power BI allows them to analyze data and determine valuable trends and make informed predictions. Organizations can visualize information through powerful templates that help them make better sense of their data. Organizations can create dashboards to quickly access the required data through the personalization capabilities of the tool. With an intuitive interface, Power BI turns out to be far more user-friendly and is easy to navigate compared to complex spreadsheets. Power BI ensures data safety, as it offers granular controls on both internal and external accessibility.