Business Intelligence is the ability to make and support decisions based on the data the organizations have collected. Every company or business has a core BI unit that helps in making key decisions and strategies, which are entirely based on data. In this digital era, every business must gain actionable insights from the organization’s data if they strive to become agile and future-proofed. And there comes the need for tools like Power BI, which helps these businesses to make smart decisions. Learn Power BI by enrolling in the Power BI Certification Course.

Top BI tools that help in making smart business decisions

Before diving into the topic of Power BI, let’s explore and understand a bit of all the top tools in the BI space. 

Companies and businesses evolve daily, as they expand their operations. It becomes difficult in handling data and extracting actionable insights on a daily basis if the systems or due to siloed teams, or work with different aims and goals. All of these systems need to be unified and consistently updated to bring out the insights to form and support decisions that help in the growth aspect. 

Globally-renowned analyst firm Gartner has predicted that the global BI market will grow at a rapid pace during the years 2020-2025. There are many tools, software, and services that you can leverage upon to collate, organize, and analyze data more effectively. These tools include Microsoft’s Power BI, Tableau, Qlik, SAP, SAS, and many more. 

What is Power BI, and why is it a perfect choice?  

Before diving deep, What is Power BI? Microsoft created Power BI as a part of premium business tools that would help empower businesses, organizations, or firms in operating with data behind their back and not relying on guessing the best strategy or decisions. Power BI helps users in collecting data from various sources, and then use it to share insights conveniently within the organization. 

This tool from Microsoft helps in providing you access to collectors, applications, and other software services. Data Visualization in Power BI is taken to the next level which helps in creating great visuals for the gained insights. Let’s now discuss in detail how Power BI helps make smart decisions: 

Power BI is simple and easy to use:

To use Power BI, you don’t need to become an expert in Data Science or be a Data Scientist. Power BI has great visuals and graphics which act as self-explanatory. The interface of Power BI is drag-and-drop which helps in organizing data with just a few clicks. If you wish to customize it, you can do so by downloading add-ons from Microsoft or from third-party apps. 

Power BI helps in quickly explaining the visuals like data charts, which you can do so by right-clicking at data points and analyzing them with just a click. This helps in delivering automated smart analysis on the data you selected using ML algorithms. The results are displayed using various visuals like stacked column charts, scatter charts, etc. Power BI also has an insightful description that helps outline categories that influenced the change in data. 

Power BI unifies large datasets into one dashboard

The benefit of the dashboard is that everyone can access and see the entire chain of data and the insights. Professionals at different levels will access the dashboard with different access levels. Their needs are different, their work is different but everyone will be helped from a consolidated view that shows the entire business and data at a click. 

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Power BI helps that by creating simple Data Visualization through add-ons which helps in understanding data and the factors which influence it the most. All these add-ons come with customization which helps in presenting the data the way that you desire.

In this, Infographic Designer helps you in crafting simplified graphics, using bar charts, colored graphics, with neat features, in minimal design. It helps in quickly digesting information. Power KPI helps in presenting key performance indicators, and other information to support it in a simple yet effective format within the dashboard. 

You can effectively manage and monitor Azure Databases

Power BI would be the best choice for organizations already using Azure. Using Power BI then will help you monitor Azure environments much more effectively. Power BI has many templates and solutions which help in generating visuals and patterns in one single dashboard. There are multiple solutions that would help in creating endless possibilities.

Power BI Q&A helps in getting answers that matter

If while using Power BI, you struggle to extract actionable insights then the best way is to use the Q&A built-in feature of Power BI, which helps users to type data-specific questions in natural language for a faster response and in creating visualizations that matter. But the catch here is that you must organize your data efficiently for retrieving faster, specific insights. All of the gained insights are visualized and neatly presented. 

Top Power BI mistakes to avoid

Users of Power BI make huge mistakes that hinder their progress or act as an obstacle in accessing your insights. So here are certain mistakes that Power BI users must avoid: 

Complicate dashboards 

Power BI dashboards must be simple and effective, not complicated. You must use visuals that are neat and effective and not fill in with fancy visuals that could complicate dashboards. 

Create dashboards without a layout

Users must not create a dashboard without a proper layout. They must discuss it with stakeholders before deciding the layouts for projects. 

Excess visuals don’t prove a point

Visuals are there for making a point, or to help you understand the data. But using it beyond limits will make it difficult to understand. It clutters and creates overlaps which hinder proper visibility.  

Utilizing unreliable data

Using unreliable data is one of the biggest mistakes that Power BI users make. It impacts data visualization and management of data. Data must be organized effectively to generate better insights. 

Data Overload

This is also a big mistake that users sometimes make. Overload data and fill it in excess metrics that pull stakeholders from the main theme and create distractions. 

Conclusion

Power BI helps in gaining meaningful insights that help in making decisions and supporting it to help make tactics and strategies that fuel the growth of a business.

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