You need the right data if you want to be competitive in today’s business world. Unfortunately, it’s not always easy to make the best use of your data.
If this sounds like you, Power Business Intelligence can help. Despite all the competition in the business intelligence market, Microsoft Power BI has positioned itself as a leader in the market.
Are you wondering if Power BI is worth investing in? Keep reading to learn eight benefits of Power Business Intelligence that you should know about.
1. Small Upfront Costs
When you implement a data analytics solution in-house, you’re going to have a lot of upfront costs. You have your server storage, computer hardware, and licenses. Then you have to invest the time into learning your software if you manage to get everything set up correctly.
With Power BI, you can avoid all these headaches. Your only payment is your monthly subscription cost. You won’t need to invest in the necessary infrastructure to run analytics software. You’ll also save the hours it would take to get your hardware up and running.
Better yet, you can start your subscription with a free trial. You’ll be able to get everything set up without investing a penny. After that, you only need to pay for as many resources as you need.
2. Get Cloud Access
Are the people who use your data on the go all the time? If so, they’ll have a hard time accessing the information they need if you don’t have an infrastructure built out that allows them remote access.
This isn’t a problem with Power BI. Once your reports are set up, you have cloud access and can see your data from any mobile device.
You can also use your cloud controls to allow access to your data for only the people who need it. Doing this means you can be sure that nobody can access the information they shouldn’t have.
These benefits also allow you to log in from anywhere and make changes on the fly. If you’re traveling and need updated information for a customer, this speed and flexibility is vital.
3. Security Is Built In
Have you heard about all the security breaches that happened over the past few years? It’s a big problem, and governments are starting to take notice.
If you’re dealing with any consumer data, then you’re going to be liable if that data is compromised. If you handle your data analytics yourself, then it’s on you to put systems in place to protect things. This is great for consumers, but it can cost you a lot of money.
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Since Power BI is based on the cloud, all that infrastructure has already been built out by Microsoft. They have heavily invested in the best security, so you can count on your data being protected on their servers.
4. Integrate Several Data Sources
One of the problems with comprehensive reporting is much of the time you have your data sources scattered in different locations. They may not even use the same database technology.
Luckily, Power BI can bring in data from any data source you have and use it in your reports. You aren’t stuck in the Microsoft ecosystem.
Power BI uses ODBC connections to get data from other databases. All you need to do is pass the connection information, and it will import your data.
But what about data that you don’t own and is part of an external API? Power BI can help you here too. It uses something called the ZappySys ODBC PowerPack to import data from third-party APIs.
5. Natural Language Processing
Have you ever looked at the query language of a database and been stumped? That’s not surprising. It can get complicated fast when you start working with a lot of data.
Power BI isn’t as bad as that. It uses natural language processing to handle your requests. This means that instead of using database code to pull the data you need, all you need to do is type what you want.
These capabilities mean you don’t need to wait on your database engineers to generate the reports you need. Just log into your portal and type what information you want.
6. Regular Updates
Taking advantage of a business intelligence platform is great. But what happens over time when the software is never updated? If you can’t take advantage of the newest tools and reports, then you’ll be a step behind your competition.
Power BI is updated every month. These updates take input from the Power BI community and put in place the most requested features and enhancements.
7. Quick Insights
Have you ever been at a loss of where to start? If you have a lot of data, then you may find yourself in this situation a lot.
Quick insights can help you in these situations. When you run an automated insight report, you’ll get a set of data that AI finds interesting. It’s an excellent opportunity to find trends that you wouldn’t have thought to look for.
You can use this data to create new reports to use in the future. You never know when you’ll hit a winning insight.
8. Large Community
Have you ever used other reporting software and not been able to find out how to do something online? This is because community support isn’t a big thing for those products. You’re stuck waiting on official support from the company or hiring a consultant to help.
Things are different with Power BI. Over the years, a large community has grown that is there to help newcomers figure out how to use the software. If you head over to their official community page, you’ll find a support board with hundreds of thousands of posts.
If you ever have an issue, sign up for an account and ask a question on their forum. You’ll get the information you need in no time.
Power Business Intelligence Can Move Your Business Forward
You need all the data you can get when you make business decisions. Power Business Intelligence can help you get the information you need to make the tough calls. Try it today to see the benefits for yourself.
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