Today, businesses regardless of their size or industry vertical are generating a whopping amount of data. In fact, the amount of data that is produced every single day is truly mind-blowing. Many studies indicate that the current estimate for the amount of data produced stands at 1.145 trillion MB per day. By 2025, it is predicted that global data creation will surpass 180 zettabytes with the steady rise of smartphones, computers, wearable electronics, internet-enabled machines (IoT devices), and a host of gadgets with sensors. Despite the exponential growth of data, only a handful of enterprises are able to spot insights and patterns hidden in datasets. On the other hand, a large number of enterprises are still struggling to visualize data and chalk out a plan for data democratization. This is where the need for a BI and Data Analytics tool comes in.
When it comes to BI and Data Analytics, there is a wide repertoire of tools available in the market that support data-driven decision-making. Amidst all, Microsoft Power BI has been stealing thunder since it comes with a host of features that not only allow users to transform raw and unstructured data into meaningful insights but also enable them to create visually-rich data reports for quick decision-making. This self-service analytics tool has been around for over a decade and today it has become the most coveted choice for creating interactive dashboards for data visualization and analysis. What’s more interesting about Power BI is that Microsoft has positioned itself as a leader in Gartner’s Magic Quadrant for Analytics and Business Intelligence Platforms for 12 consecutive years.
Here are the 5 Ways to Use Power BI for Data Visualization and Analysis:
1. Better Storytelling
Typical pie charts work great for numbers, but when it comes to telling stories pertaining to data that changes with time, why not try out the expressive ‘Timeline Storyteller’? It is a visual storytelling environment that allows users to produce a linear list of dates or times or present disparate aspects of data in the form of grids, spirals, circles, timelines, or custom shapes. Besides this, users can present information that shows events’ duration, a chronological list using a palette of layouts, scales, timeline representations, etc.
2. Custom Visualizations
3. Build Smart Dashboards
Managers or decision makers prefer concise reporting that tells a cohesive story pertaining to business, while analysts always look for more details without any clutter. Power BI caters to the needs of both users and brings the best of both worlds. With Power BI rich visualizations, dashboards can be fully customized to support the needs of data visualization of all users across the organization.
4. Access Visualizations and Reports From Anywhere
Stay on top of mission-critical data and share meaningful insights on the move with the Power BI mobile application. The best thing about MS Power BI mobile app is that it is compatible with both iOS and Android operating systems and allows users to access, edit, modify, or share dashboards and reports from anywhere. In a nutshell, Power BI offers a touch-optimized experience that facilitates users to stay connected with important business data from anywhere with ease.
5. Leverage the Power of the Cloud
Enterprises that are looking for ways to improve operational efficiency, drive productivity, reduce costs, and foster team collaboration can be benefitted from a Cloud-based BI and Analytics tool. With Power BI running on the Azure Cloud platform, users can connect and collate data from multiple sources, which can further be analyzed to improve collaboration, communication, and decision-making.
Business Intelligence and Analytics applications like Power BI are empowering businesses of all sizes by establishing a data-driven culture that enables everyone in the organization to make sound decisions. If you are also planning to embrace this self-service tool in your business, you should seek end-to-end Power BI consulting from our seasoned BI professionals. By seeking consultation from our experts, you can harness Power BI benefits and make the most of this data visualization software.