Today, every business has an online presence through various digital channels like websites, social media, online directories, etc. As a result, organizations are generating a massive amount of data every day through their various business operations across departments. It is becoming hard for enterprises to keep track of and analyze gathered data that can provide crucial business insights. That's where Business Intelligence (BI) plays a significant role in an organization. This software application comprises methodologies, processes, and technologies to retrieve relevant data from the cloud or systems at your premises, and create dynamic dashboards-present raw data into meaningful and easy-to-understand information for better decision making.
Many businesses still depend on multiple legacy software and manual spreadsheets like Microsoft Excel or Tally to store their data and prepare reports manually. Tools like Power BI solve the problem of the time-consuming, labour-intensive, and error-prone manual reporting process that further delays important business decisions. Today, the market is overwhelmed with a wide range of business intelligence software having diversity in scope and compatibility. All of these software systems are created with a number of features that facilitate faster, better, and more informed decision-making at all levels of an organization. Let’s look at the top Business Intelligence features the enterprises are using today:
It is proven that many world leaders are now on the Power BI platform as Microsoft revealed that 97% of Fortune 500 companies are now using Power BI at the 2021 Microsoft Business Application Summit. We are here to discuss what features of Power BI are impelling global enterprises to use it:
With a well-built data model, Power BI helps enterprises analyze large datasets containing millions of rows in a spreadsheet. As excel worksheets or any other basic excel application come with a standard limit of 1,048,576 rows, the application becomes slow in performance when the analysis is done on given rows. By compressing the large datasets, Power BI extracts insights in a few minutes that result in faster decision-making and actions.
In addition to a wide range of detailed and attractive data visualizations embedded in Power BI, enterprises can also build their own custom data visualizations for their next report. There is also a library available to create simple to complex visualizations as you want to represent your data set.
Power BI Desktop is equipped with Power Query Editor that enables business decision-makers to connect to one or many different data sources, shape and transform the data the way they want. They could change the data in hand to address their specifications, make it more informative, user-friendliness, and then load that model into Power BI Desktop.
With Power BI's scheduled refresh feature, end-users can automate the process of refreshing datasets, reducing the need for tedious, manual report updates. They can easily extract and share insights with their team by quickly and accurately refreshing their data.
Power BI offers a set of user-friendly apps for iOS, Android, and Windows 10 mobile devices. Mobile apps allow BI users to view mobile-optimized reports, share insights with colleagues, and set alerts at their convenience.
Microsoft Power BI’s compatibility with other legacy and modern systems is seamless. As a result, enterprises can access not only their business’ own data, but also information from email, social media, websites and more. For instance, instead of only providing internal sales data, BI platform could also accompany that information with reviews and comments about business’ products and services.
In order to view the real financial status, enterprises need business intelligence software that provides exceptional data exploration capabilities. ESS has extensive BI expertise and can help you at every stage of your data journey, including:
We have the competency and can provide support in a variety of technologies and platforms, including ERP, RPA, BI, and IoT.