How Can Businesses Leverage Power BI?

With digitization revolving around data, scalable data-driven decision-making in an organization becomes inevitable for its growth and business expansion. No enterprise today can afford to miss embarking on digital and data transformations in this hyper-connected world.

Statista reveals the amount of data created, copied, captured, and consumed globally in 2022 accounted for 64.2 zettabytes, and by 2025 this number will hike exponentially, reaching 180 zettabytes.

Data Volume Created, Copied, Captured, and Consumed in Zettabytes by the World (2010-2025)

Gazing at Business Intelligence,Power BI is an adaptable and accessible software platform that refines data into useful information, allowing a company to be future-proofed and ready for making future decisions that are tangible and quantifiable.

one can understand that it is a set of capabilities bolstered by advanced technologies that can transform data into actionable information that facilitates businesses to make their decisions more smarter and data-driven.

The transparent and voluminous growth of data indicates empowering the best business tools that can process and extract data to maximize its returns, generating valuable insights.

Power BI, a Microsoft Suite of Applications, is a product built to offer a myriad of data visualization and business intelligence solutions to forward-looking enterprises with a drill-down capacity to render actionable insights to their business teams.

How Can Businesses Use Power BI to Accelerate Their Growth?

Power BI is an adaptable and accessible software platform that refines data into useful information, allowing a company to be future-proofed and ready for making future decisions that are tangible and quantifiable.

Let’s see how can organizations can make the most of it:

Data Extraction with No Technical Knowledge Required
The intuitive and easy-to-access features of Power BI stand for its user interface that enables technical as well as non-technical people to drive data visualization and analysis efficiently and effortlessly.

The tool makes it easy to understand data charts and reports, its user-friendly interface enables one to answer complex data-related queries, it’s easy to build a dashboard with its drag and drop feature, and it allows one to check for ups and downs of data with quick explanations via diverse categories of data charts like waterfall chart, scatter chart, ribbon chart, etc.

Furthermore, its super-easy integration with other Microsoft applications adds to its simplicity and lists of traits that facilitate the easy integration of data insights with existing workflows.

Data Insights Democratized with Dashboards
The dashboard is the most critical segment of a tool that represents useful data from multiple sources to a user in the most legible way. Power BI provides well-designed interactive dashboards that feature crucial information, connecting a wide range of data sources that can further be used to create robust data paradigms to make informed business decisions.

Moreover, dashboards play a key role in forging long-term business strategies and techniques to accelerate decision-making and scale transformations democratizing data insights from all sources and applications.

Advanced Data Visualization for Data Stories
Data stories are compelling in framing cases to communicate actionable insights to decision-makers.

With data being generated at a burgeoning pace, it becomes vital to spread it in the most useful and insightful manner. Apart from dashboards, data stories offered by power BI help mold data into a step-by-step process that is easy to comprehend and interact with.

Stringing together a series of visualizations in a format, the software aids to develop a visual story to spread the word and context to shape decisions and demonstrate how they relate to the expected results.

Predictive Analysis and Forecasting Capabilities
When it comes to delivering predictive analysis and information, one can rely on Power BI to determine worthy future outcomes.

Executing multiple ‘what if’ scenarios on data, the tool can add predictions to your data charts (say industry-specific growth markets) and provide forecasting results using built-in forecasting models. These models extract likely conclusions from historical data using statistical methods and present them in a user-friendly manner with a graphical representation.

Better Management of Azure Database
Enterprises using Microsoft cloud services can ideally use Power BI to extensively manage the Azure environment. The Azure Activity Log Analytics Power BI solution template enables rendering detailed reports on Azure Activity Log data for the past 90 days and facilitates viewing issues related to server failures, maintenance, outages, etc. all under one umbrella platform.

Power BI Plays a Distinctive Role in Business Advancement!

Microsoft’s Business Intelligence tool Power BI empowers organizations to be competitive and analyze each data point from a strategic view to make it more refined and better for implementation and use.

Power BI is a valuable tool a business can give its data analysts to enhance their proficiency and productivity, making the most for the business in financial and development terms.

Learn more from CodeGlo’s IT experts on how to augment data-driven decisions that add value and revenue at each decisive step of business advancement. Get instant assistance from our data analysts and experts that can help you take advantage of insightful data via the latest tools and technologies.