Power BI (Business Intelligence)

With growing technology, comes innovation. The same innovation generates the need for businesses to create frameworks in their organizations at the same pace. Data plays a crucial role here. There is a tremendous amount of raw data flowing into the business desks from a wide variety of sources. The onus is on the companies now to leverage the power of technology to filter, analyze, and utilize this data to their advantage.

Power BI is a solution that greatly enables companies to make use of this data to turn it into meaningful insight. The analytical and user-friendly capabilities of Power BI make it a popular choice among businesses today.

This article helps us to understand the innate ability of this solution and how companies can capitalize on this functionality.

Power BI

What are Business Intelligence (BI) Solutions?

All organizations are looking for the right solutions that can assist them in transforming their raw data into useful information. BI or Business Intelligence solutions enable them to achieve that. These solutions are a myriad set of tools and strategies that are crafted to help businesses in carrying out various tasks. These include data modeling, visualization, and analysis, and also present the data in a creative and visually appealing format.

In other words, BI solutions aim to develop the raw data into actionable insights. This further helps businesses in effective decision-making. BI tools can establish a clear vision of the complete organizational data and let businesses identify the patterns in the historical data. They can also spot any errors or room for improvement with this facility.

The most common features that the BI solutions offer can be enumerated as follows:

  • Data mining
  • Data visualization
  • Data analysis

Aside from these functionalities, the BI tools can be crucial for organizations to integrate data collected from various sources. With the Power BI tools, businesses can dive deeper into their operations and make better decisions.

Why Implement Power BI?

There could be ample reasons why businesses could choose to implement Power BI. In the competitive world, the organizations realize that they need to step up with the technology. Apart from this, the most significant reasons for implementing Power BI are:

  • Seeking data-driven decision-making power: Businesses can acquire an immaculate sense of decision-making only when they can see through the raw data they acquire from various sources. Power BI offers them the flexibility for visualization based on the data insights. This is one of the most powerful reasons for implementing it.
  • Powerful Analytics: Reports are integral to any process in an organization. Power BI facilitates the creation of these reports based on the data. Businesses do not have to rely on IT for this task, saving them their valuable time.
  • Smooth integration: Consolidation with different data sources is a fundamental requirement for businesses. When all the data is integrated, it makes for a single and comprehensive view and subsequent analysis.
  • Real-time analysis of data: All the required and essential tasks such as mining, visualization, and analysis are carried out by Power BI in real-time. This enables the users to monitor and examine the data in real-time. Data-driven analysis and decision-making become simplified.
  • Scalability and flexibility: Business requirements may keep changing and escalating. The increasing requirements compel businesses to integrate a platform that allows them to scale and yet, be agile. Power BI offers them this flexibility to scale irrespective of the size of the business.

Furthermore, Power BI also facilitates them with extensive collaboration and sharing of insights with the stakeholders and the concerned authorities. All these attributes of the system make it a favorable choice for businesses today.

Why BPX for Power BI Implementation?

BPX is Business Process Xperts, and the team excels at offering exclusive and expert consulting solutions to businesses that need assistance with implementing Power BI. The prominent reasons to involve BPX for Power BI implementation are as follows:

  • A decade of experience: Backed by 11 years of experience in the field, the BPX team can aptly assist businesses with the various procedures required to set up and deploy Power BI at the client’s place.
  • Unmatched expertise: With relevant experience in serving a diverse set of clients, BPX can offer unparalleled support and expertise to overcome the myriad obstacles that companies usually encounter while implementing a new system.
  • Customer-first: A customer-centric approach is what drives BPX. The company’s adroit and competent staff ensures that all queries are answered and all concerns are addressed beyond the deployment phase.

FAQ's

Business intelligence and analytics are the procedures that help business managers and concerned users with collecting and analyzing data. All the raw data that is collected from the different sources is then examined and converted to core information. This information can then be utilized to further the business processes in alignment with the business goals. The essential and crucial insights derived at this stage are used for improving the overall performance of the business.

BI or Business Intelligence refers to the extraction of data. There are many different sources such as spreadsheets that provide meaningful data. The users can leverage the BI process to transform this information into actionable items. This includes data mining and visualization. Even the important aspects such as historical trends and patterns can be identified with this data.

Business Intelligence software is the platform or the set of tools that enable business managers to use BI processes. The most important capabilities including data visualization, integration, modeling, and reporting are made available through BI software. All these functionalities together contribute to the success of the business by helping them make informed decisions based on the data collected.

When we speak of a comprehensive set of tools to enable organizations to obtain and understand the insights. These insights can guide them in making decisions and moving swiftly toward their objectives.

The BI workflow can be summarized through the following steps:

  • Data sources connection: The users can connect to an array of cloud sources through the connectors. These connectors facilitate the users with mechanisms to connect to these sources.
  • Report building: The Power BI desktop offers the users the facility to create reports. It is an application that the Power BI provides.
  • Publishing: The created reports in the Power BI desktop application can be published and shared with the Power BI service.
  • Collaboration: The technology of Power BI ascertains that there is a combined collaboration of all the users who can access and work on the created reports. They can work together on these reports simultaneously.

All these features together help the users work in an ecosystem that enables them to make clear and guided decisions.

While there are many different platforms to enable business owners to make great decisions, they may be in a fix when it comes to choosing between Tableau and Power BI. In such a scenario it is important to note that the decision of making a choice between these two will largely depend on the individual business’s objectives.

The businesses that are seeking data visualization can choose either of them but can consider the following points before the final decision.

Power BI: This is a tool from the house of Microsoft. Companies looking for an intuitive and user-friendly design of the tool can opt for Power BI. It is easy to integrate with the existing systems and can be a great choice for companies that have already used or are using other Microsoft products and technologies. If yours is a business that widely applies Microsoft tools and capabilities, you will find Power BI simple to integrate with your current systems.

Tableau: This is a tool that offers a more advanced capability of data visualization. With a host of customization options and advanced offerings, Tableau is widely used by data analysts as it can handle vast amounts of complex data. Companies that need to handle and work with complicated data sets also utilize Tableau.

Before getting to a decision, companies must also note that Tableau may be a bit more expensive than Power BI; yet, the level of customization desired and implementation will be the determinant of the ultimate cost.

Organizational deployment of Power BI can be a huge step. It is a game-changing decision that must be carefully considered. Let’s look at some steps that can be taken into consideration before the implementation:

The clear vision of goals: The business owners and the steering committee must carefully define the goals and objectives. They must understand the fundamental necessities and requirements of the business and the outcomes they want to achieve. They must also have a clear vision as to how can Power BI fit into the scheme of addressing their concerns.

Acquiring license: The companies will need to acquire the license for the tool to be able to deploy Power PI in their organization. For this, they must consider the requirements and also set up the framework for the implementation. The framework can be either in the cloud or on-premises.

Data connectivity: Companies can avail of the connectors that are provided by the Power BI which facilitate the connection of Power BI with the company’s data sources. Thus, all the data from databases and other sources like spreadsheets is accessed and analyzed with this functionality.

Data transformation: The users must carry out data modeling and transformation by using Power BI capabilities. They can also undertake actions to format the data in a way that it can be used for analysis.
Reporting and Dashboard: Power BI empowers users to generate reports. They can also include a lot of visual presentations in the dashboard with the help of Power BI. This way, they can present the data in a much more efficient manner.

Publish: Once the reports are created, the users can publish them. As Power BI is a cloud-based platform, it can be accessed by all the stakeholders, users, and concerned authorities within the organization easily. Moreover, the dashboard and reports can be accessed through mobile devices.

Governance: With good governance comes adequate security measures that the users will need to ensure. Who accesses the data and ascertaining data privacy is the responsibility of the businesses at this stage.

Training: To extract the most out of the Power BI implementation, business owners must ensure that their workers, users, and staff are appropriately trained to use the system. This will help them carry out better actions related to data analysis and decision-making.

Continuous monitoring: To ensure that the system runs smoothly, the business must keep monitoring the newly implemented system to enable an optimized performance.

BPX comes with a vast set of benefits and utilizing BPX for Power BI implementation can significantly benefit the companies.

Expertise in the domain: BPX has proven expertise in providing for different requirements of diverse domains and industries. This expertise enables them to guide businesses on how to make the best use of their Power BI implementations.

Tailored solutions: BPX offers consulting services to let businesses customize and align the Power BI solutions based on their business needs.

Efficient implementation: With years of experience comes the ability to assist businesses with a smooth deployment. BPX shoulders the responsibility of important tasks such as data connectivity, modeling, and reporting.

Support and training: BPX is a customer-centric company and provides extensive support to its customers after the implementation. They can also help businesses by imparting training to their employees.

About BPX

With over a decade of experience, we specialize in SOPs utilizing BPMN 2.0. We also cater to different domains with process automation solutions like SAP, Signavio, and Celonis, among others.

Our end-to-end processes enable you to foresee essential insights and scale your business to newer heights. Connect with our experts today for process automation solutions.

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