At its core, Microsoft Power BI is a business intelligence platform that provides nontechnical business users with tools to make informed decisions quickly. Connect, model, and then explore your data with visual reports that you can collaborate, publish, and share across your organisation. Power BI integrates with other tools, including Microsoft Excel, so you can get up to speed quickly and work seamlessly with your existing solutions.
Power BI is somewhat of an umbrella term and can refer to either the Windows desktop application called Power BI Desktop, an online SaaS (Software as a Service) service called Power BI Service, or Power BI mobile apps available on Windows phones and tablets, as well as for iOS and Android devices.
What does it do?
The tool is used to run reports and surface insights based on your company’s data. As we already know, Power BI can plug into a wide range of data sets, and effectively “tidies up” the information it is being fed, to make it easier for you to digest and understand.
Power BI can not only report on the past, or in real time, it also has the power to look into the future to see what might happen! Pretty neat, right? The programs machine learning capabilities means it can pick up patterns in data and use the patterns to make informed predictions to run “what if” scenarios.
Power BI can also provide executive dashboards for administrators or managers, giving management more insight into how departments are doing.
Okay, who uses it?
While it is mostly used by data analysts and business intelligence professionals, thanks to the user-friendly interface, you don’t need a degree in analytics to navigate your way around the program and create reports!
The business intelligence tool is used by both heads of department and management, with reports and forecasts created to aid sales and marketing teams, while also providing data for management on how the department or individual employees are progressing toward their goals, or even use it to set new goals!
There is also an admin portal for administrators to help configure the implementation of the program, as well as usage monitoring and licenses.
With Power BI, all your business data is stored in one place. Allowing you to answer any business performance question you may have, with ease.
For more information on Power BI and how it could benefit your business, grab yourself a seat for our 2-hour briefing (click here) on Power BI and The Modern Workplace on the 18th of December, 3pm – 5pm. Ston Easton Park.