Big data is the lifeline of current businesses, and the volume of data created by the Internet of Things has surpassed 13.6 zettabytes in the year 2019. It is estimated to amount to 79 zettabytes by 2025.
However, having piles of information is of no use unless businesses can make sense out of it. Business intelligence software is used to comprehend such an enormous amount of data for the benefit of the business.
Every business owner thinks about implementing a platform that will help in gaining insights from the complex data. So, in this post, you will find all about Microsoft's BI software, how it works, and how much it will cost you.
What is Microsoft's Power BI?
Power BI is a unified tag for combining cloud-based services and applications that support organizations to manage, analyze, and collate data from numerous sources by using a consumer-friendly interface.
Business intelligence tools can be used for multiple purposes. Power BI heaves data concurrently and processes it to gain powerful insights, frequently using flow charts and graphs. This allows businesses to produce and share favorable and valuable snaps of the emerging trends in their businesses. This business intelligence tool relates to a wide spectrum of data quotations from databases to Excel sheets and on-premise and cloud-based applications.
Power BI is a common term and can refer to a Windows desktop app termed as Power BI desktop, a SaaS service named Power BI Service, etc. This tool is based on the core of Microsoft Excel. So, anyone who understands Microsoft Excel can work with Power BI efficiently. The latter one is more powerful than its companion tool.
What Is the Work of Power BI?
This business intelligence tool is used to operate reports and exterior insights based on its big data. Power BI consulting services by Brainvire can be connected to various data sets and clears up the stored data for easy interpretation and understanding. The visual data and reports generated by this tool can be transmitted to other users.
Power BI helps businesses discover what happened in the past, what is happening in the present, and what might happen in the future. It is suffused with ML capabilities, which means it can detect data patterns and predict and drive "what if" scenarios. All these predictions enable businesses to develop prognoses and equip themselves to deal with and meet future demands.
Benefits of using Power BI
Power BI is for businesses that need more reporting power and analytics than Microsoft Excel. Power BI is the next-gen business intelligence tool that enables businesses to validate, visualize, and compile data from different sources. It helps businesses get powerful insights into their performance and operations and enable them to make more attentive decisions.
Here are some benefits of using Microsoft's Power BI.
Power BI can process huge volumes of data, something that other platforms struggle to operate. Inbuilt ML (Machine Learning) elements can assess data and help businesses discover data patterns. This will give them time to contemplate on how to manage future business demands.
In Power BI, complex data can be visualized with templates to help businesses gain proper insights Power BI platform incorporates other business management tools, such as Office 365, Dynamics 365, and SharePoint. It also merges with other non-Microsoft derivatives, like Hadoop, Salesforce, Google Analytics, Spark, MailChimp, and SAP.
Power BI offers personalized capabilities that allow business users to create their dashboard and access the required data. The reflexive interface of Power BI makes it more user-friendly than using complex Excel spreadsheets.
What Elements Make Up the Power BI?
Microsoft's Power BI is made up of an assortment of applications and services. Each of these applications has distinctive features and uses.
This is one of the key components of Power BI. You can either use it with Microsoft Excel or can be used as a part of Power BI Desktop. Power Query helps withdraw data from various sources and can pull data from other data sets, like SQL, MySQL, Oracle, Server, and more. With the help of this component, users can extract data from CSV, Excel, and text files.
This is a data modeling and calculation engine and is used for modeling arduous and simple data. Using Power Pivot, you can build connections between various tables and calculate credits that can be seen in Pivot tables.
This is the basic data visualization element of Power BI. It is an interactive element that adjoins data sources to pull metadata that can be used for analysis.
It is used to view geospatial data in 3-dimensional mode. As soon as the visuals get into the 3D model, it adds another dimension to it.
This is a question-answer machine that allows users to ask data-related queries in plain language.
Microsoft Power BI is a great tool for businesses to gain insights along with graphs and charts for data. It enables organizations to create, track, and share valuable insights that mark the latest trends in and around the working process.