How to Use Microsoft Power BI to Uncover Actionable Insights
Before you directly jump to understand how you can leverage Microsoft Power BI to glean actionable insights, it’s better to understand what BI is and which big players in the industry used BI tools for their business operations. Trust us; it would definitely make sense if you aren’t aware of what exactly it is.
So, let’s start!
What is Business Intelligence?
It is a set of capabilities and technologies that convert important data into actionable insights so that you can make the right decision for your organization.
With the help of Power BI data visualization tools, analysts at the organization can perform various activities such as:
1. Data preparation
2. Data querying
3. Data visualization
4. Performance metrics reporting
5. Data mining
Use of BI tools in the Industry
With the above-mentioned benefits, big companies across the world are using various BI tools like Microsoft Power BI, Tableau, Qlik, etc. Such tools help their staffs access the data easily and answer business questions by themselves.
Let’s have a look at some of the examples,
1. Volvo group used Qlik
2. UChicago Medicine, JP Morgan Chase used Tableau
3. Zurich used Microsoft Power BI
Out of these 3 tools we mentioned, let’s discuss on,
What is Microsoft Power BI?
If we look at the answer, the company “Microsoft” itself gave the perfect definition of what is MS Power BI?-
Well, Microsoft Power BI is a collection of software services, apps, and connectors that work together to turn your unrelated data sources into coherent, visually immersive, and interactive insights.
It is one of the most-preferred drag-and-drop tools available in the industry to aggregate, visualize, analyze and share the data.
How is Microsoft Power BI useful?
1. Extract data insights without having any coding skills
2. Democratic data insights with dashboards
3. Tell data stories with advanced Power BI data visualization (Insert the link here)
How to use Microsoft Power BI:
Microsoft Power BI data visualization is an easy-to-use tool. Even if you are not tech proficient, you can understand it better. As long as you have access to data sources, a dashboard, and a working network connection, you can use Power BI to process information, create the necessary reports and forward it to the right team so that they can view and interact with the information.
In order to use Microsoft Power BI in a better way, it is important to understand what all elements are included in this tool:
Power BI consists of different elements such as
1. Power BI desktop: It is a windows desktop application
2. Power BI service: It is online SaaS
3. Mobile apps: Apps designed for Android, iOS, and other windows mobile devices
4. Power BI report server: Created Power BI reports using desktop can be published on an on-premises report server.
You can use any of the mentioned elements above as per your needs and make the most out of it.
Name of the Key Players Who Uses Microsoft Power BI?
Whether IT, healthcare, financial services, insurance, staffing, or recruiting, Power BI is one of the best tools no one in the industry wants to miss out on using it. Let us list down some of the major companies that already use Power BI:
4. Rolls-Royce Holdings PLC
5. Hospital Montfort
The companies mentioned above are already using MS PowerBI and giving their staff ease and convenience.
If you are the one who wants to automate the process of connecting and extracting the data from sources and loading it into the destination, we can help you do that with the help of using Microsoft Power BI. All you need to do is connect with us, and we will help you leverage the true potential of Microsoft Power BI to get data-driven insights.
Hope this blogpost helps you understand what Power BI exactly is and how it helps to uncover actionable insights. If you are looking for assistance to get the job done, connect with the Microsoft certified experts to explore more possibilities.