Power BI is one of the most powerful data visualization and analysis tools. The comprehensive dashboard and reports offered by Power BI makes it an ideal tool for managing business intelligence.
If you are reading this, chances are you are still learning about the full potential of the software and want to know the ways you can use the tool for your business. While it is difficult to list every use of Power BI, we have summarized 5 of the most common uses for you.
Real-time data provision and sever-level management
One of the reasons why business leaders love Power BI is the real-time data and information it provides to users. Real-time data on your company’s financial position, productivity levels of different individuals, revenue generated by different departments, insights into your most popular product or service, and more are accessible with Power BI.
The intuitive dashboard of the software receives updates in real-time, allowing you to solve problems and capitalize on opportunities quickly. In addition, it also allows you to manage your data at the server level, providing you with a holistic information system.
Visualization
Data visualization is at the core of data and human management in every business organization. Business leaders cannot spend time comprehending the coding language of computer programs. They need a visual aid to understand what the data they have gathered means, so they can efficiently make vital business decisions.
Power BI tools allow users to visualize important data points and provide business leaders with actionable insights. With the robust data visualization abilities of Power BI, you can track inventory, sales calls, and other metrics, all provided by easy-to-read reports given by the Power BI algorithm.
Marketing
Online marketing is one of the key ways businesses increase their online visibility, generate leads, and convert customers.
Customers and their behaviors are dynamic. In order to stay ahead of your competitors, you must understand the latest consumer behavior. Power BI allows you to track user behavior each time they access your business online.
Streamlines organizational processes
Each organization has different departments such as human resources, marketing, sales, operations, finance, etc. Likewise, each of these departments has its own sets of data, KPIs, and perhaps its own system of managing data.
If you want to streamline the organizational processes in your company, and put all the departments on the same wavelength, then Power BI is the tool for you. By using the templates for reporting systems and dashboards, you can manage the information efficiently without relying on software customization.
Consistent reporting standards
Power BI makes it possible for all managers to use comprehensive reports prepared by the software to make decisions. With the implementation of the software throughout the organization, your company can generate consistent reporting standards. This can reduce the pressure on managers, because they will be able to receive the required data in the same style and format every time.
Power BI has assisted MediaCom, Heathrow airport, and Carnegie Mellon University and helped other companies in visualizing big data to make important business decisions.
