Power BI
Data never looked this good.
Power BI is a business intelligence tool, developed and managed by Microsoft. It allows organisations to connect their various sources of data from across the business and bring it into a central platform that can be used to create tailored dashboards and reports - and let's be honest, who doesn't need them these days?!
Power BI can provide benefits in one way or another to pretty much any type of organisation. Providing the business has data flows that contribute in some way to decision making within the company, there are benefits to be had. An organisation's specific environment and data requirements will determine the extent to which they use Power BI and the functionality within. Here are some of features businesses can expect to use when opting to embrace Power BI.
Feature | Description |
Data Connectivity | Power BI allows users to connect to a wide range of data sources, including databases, spreadsheets, cloud based services and online services. This connectivity enables users to retrieve data from multiple sources and then use it for reporting and analysis purposes. |
Data Transformation and Modelling | Users can format, clean and model their data using Power BI's tools including Power Query and Power Pivot. This ensures that the data is in the most relevant format for analysis and reporting. |
Visualisation | One of the most popular features in the Power BI tool set is the dashboards and reporting. They offer a rich set of visualisation options which allows users to create interactive and informative reports and dashboards. Users can choose from a wide range chart/graph types, tables, maps and custom visuals to represent data without the need to build each type from scratch. |
Ad Hoc Reporting | Power BI provides fast reporting capabilities in that it allows users to explore and analyse data in real time providing they have an internet connection so the data can sync. With features like drag and drop visualisations and interactive filtering, users can quickly generate insights without depending on pre-built reports. |
Scheduled Data Refresh | Power BI Service allows for scheduled data refresh, ensuring that reports and dashboards are updated with the latest data automatically at time intervals to suit the user. This feature is crucial for maintaining the relevance and accuracy of reports. |
Sharing and Collaboration | Because Power BI is a cloud-based service, users can publish, share, and collaborate on reports and dashboards. This allows teams to work together and can help reduce the instances of work duplication. |
Integration with Other Tools | As part of the Microsoft family, Power BI can integrate with other Microsoft tools and services, creating a unified ecosystem for data analysis. It can also be integrated with a wide range of third-party applications and services to enhance its capabilities. |
Whilst reporting is a significant component of Power BI, it encompasses the entire process of data preparation, modelling and visualisation. This holistic approach makes Power BI a fantastic choice for those looking for a business intelligence platform that allows users to make data backed decisions based on well designed and interactive reports and dashboards with real time data. In addition, it is regarded as relatively easy to navigate and use, even for beginners and non technical folk!
Many companies have some type of Business Intelligence (BI) tool(s) already, however, many companies also do not understand how to leverage said tools to their fullest extent rendering them somewhat, or wholly useless.
Challenges can begin as early as implementation, which is already a complex and time consuming process. Without the correct expertise, configuring the platform to pull data from all necessary sources and using that data to create meaningful, easy to understand reports and dashboards can take significantly longer than is necessary. In the absence of in house specialists, it is strongly recommended that organisations seek support from an individual or company with proven expertise in the Power BI platform to ensure a successful and efficient setup.
For companies that need some help turning raw data into clear, interactive reports and dashboards - Power BI is quite often the answer. An added bonus for organisations who are already immersed in the Microsoft ecosystem, it integrates easily with Excel, SQL Server, SharePoint and other Microsoft tools. Let's take a closer look at some of the best projects for Power BI -
First and foremost, Power BI is a fantastic tool for projects that involve bringing together data from sources including spreadsheets, databases, cloud apps and APIs all into one central, visual reporting environment.
Through the use of Power BI, businesses can replace the need for dull and time consuming manual reports with live dashboards that update automatically.
For companies that have outgrown excel and it's many limitations, Power BI offers a modern and more powerful alternative with MANY more features.
Power BI is also great for looking at data 'on the fly' and answering specific business questions quickly without needing technical support.
Here at Cool Code Company, we help our clients get the most out of Power BI. Many organisations adopt the platform without a clear plan in terms of how to structure their data, build reports that provide information that is actually useful or integrate it with their existing systems. We will help you do just that.
Our Nottingham based team can connect your data sources, design reports that are useful and utilise automation to save you time and resources. We can also offer tailored training so your team is confident using the platform day to day.
Regardless of whether you’re just getting started or want to explore additional features within Power BI, we’ll ensure your set up is aligned with your business goals and delivers real, tangible value. Let’s have a chat about how we can help!
Q) Is Power BI a reporting platform?
A) Yes, Power BI is often described as a reporting platform, but it goes above and beyond traditional reporting to provide a comprehensive business intelligence solution.
Q) Is Power BI free?
A) There is a free version of Power BI (Power BI Desktop) which offers core features including data visualisation and report creation. However, sharing reports and using cloud based features such as collaboration and scheduled refreshes require a paid Power BI Pro or Premium licence.
Q) Is Power BI REALLY better than Excel?
A) Power BI and Excel serve different purposes so one isn’t strictly “better” than the other. Rather, they are both 'good for different' things and can also be used together. Excel is great for ad hoc analysis, quick calculations and working with small datasets. Power BI, on the other hand, is designed for handling larger data sets, creating interactive dashboards, automating data refreshes and sharing data across teams. So, if you need advanced reporting with large sets of data, real time dashboards and better collaboration, Power BI is the stronger choice.
What is the difference between Power BI reports and dashboards?