{"id":17856,"date":"2021-01-28T00:00:17","date_gmt":"2021-01-28T00:00:17","guid":{"rendered":"https:\/\/exigotech.com.au\/?p=17856"},"modified":"2024-03-21T12:19:26","modified_gmt":"2024-03-21T06:49:26","slug":"transforming-data-into-actionable-insights-with-microsoft-power-bi-the-leading-business-intelligence-tool","status":"publish","type":"post","link":"https:\/\/exigotech.co\/ph\/blog\/transforming-data-into-actionable-insights-with-microsoft-power-bi-the-leading-business-intelligence-tool","title":{"rendered":"Transforming Data into Actionable Insights with Microsoft Power BI &#8211; The Leading Business Intelligence Tool"},"content":{"rendered":"<p>In a world overwhelmed by information everywhere, it\u2019s more important than ever for organisations to understand how to extricate each drop of value from the heap of digital insights readily available. Business intelligence leverages software and services to rework business knowledge into insights that inform a company\u2019s plan of action for business choices.<\/p>\n<p>Tools like <strong><a href=\"https:\/\/powerbi.microsoft.com\/en-us\/\" rel=\"nofollow noopener\" target=\"_blank\">Microsoft Power BI<\/a><\/strong> access and analyse data sets and demonstrate analytical findings in reports, charts, graphs, dashboards, summaries and maps to provide the users with detailed intelligence about the actual state of the business. The term Business Intelligence (BI) typically refers to a large number of tools that provides easy to digest access into insights about an organisation\u2019s current state based on the available information.<\/p>\n<h2>What does Microsoft Power BI do?<\/h2>\n<p>Reports are the central side of business intelligence and the dashboard is an archetypical BI tool. These dashboards are hosted software applications that automatically puts together all the available data into graphs and charts. Although Microsoft Power BI does not tell business users what will happen if they take a certain course or what-to-do, neither it is about solely generating reports. Rather, <strong><a href=\"\/au\/blog\/transforming-data-into-actionable-insights-with-microsoft-power-bi-the-leading-business-intelligence-tool\">MS Power BI<\/a><\/strong> offers a way for businesses to examine data to understand the trends and insights by streamlining the process needed to merge, query or search data necessary to make sound business decisions. Such perspective analysis can not only be used to predict market trends but also can be used to create a more engaging user experience.<script type=\"application\/ld+json\">\n{\n  \"@context\": \"https:\/\/schema.org\",\n  \"@type\": \"FAQPage\",\n  \"mainEntity\": {\n    \"@type\": \"Question\",\n    \"name\": \"What does Microsoft Power BI do?\",\n    \"acceptedAnswer\": {\n      \"@type\": \"Answer\",\n      \"text\": \"Reports are the central side of business intelligence and the dashboard is an archetypical BI tool. These dashboards are hosted software applications that automatically puts together all the available data into graphs and charts.\"\n    }\n  }\n}\n<\/script><\/p>\n<h3>Microsoft Power BI as a Gateway to Business Analytics<\/h3>\n<p>Business intelligence tools increasingly come with <strong><a href=\"\/au\/services\/cloud\">cloud compatibility<\/a><\/strong> which allows access for data insights from anywhere. There are many reasons for businesses to leverage on Microsoft BI tools:<\/p>\n<ul>\n<li>Quick iterations prompt the agile business model. These iterations in turn depend on data collection and testing, both of which are possible only through business intelligence tools such as Microsoft Power BI. When the entire organisation has access to data, BI tools can facilitate efficient teamwork in real-time as well.<\/li>\n<li><span class=\"TextRun SCXW63536387 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW63536387 BCX0\">Tools such as Microsoft BI can also help businesses make sense of all the data that\u2019s coming in from various resources. By analysing data, getting insights and turning them into actionable information can lead to making better pitches for increasing business collaborations.<\/span><\/span><\/li>\n<li><span class=\"TextRun SCXW56373593 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW56373593 BCX0\">A host of analytical functions such as data visualisation, analytical processing and performance scorecards can be combined using Microsoft\u00a0<\/span><\/span><span class=\"TextRun SCXW56373593 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW56373593 BCX0\">Power\u00a0<\/span><\/span><span class=\"TextRun SCXW56373593 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW56373593 BCX0\">BI. Such data can then be used to personalise the marketing strategy which fits the quest of\u00a0<\/span><\/span><span class=\"TextRun SCXW56373593 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW56373593 BCX0\">the\u00a0<\/span><\/span><span class=\"TextRun SCXW56373593 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW56373593 BCX0\">customer perfectly.<\/span><\/span><\/li>\n<\/ul>\n<h3>Microsoft Power BI features to empower employees securely in a remote working world<\/h3>\n<p>Exigo Tech has successfully delivered many Microsoft Power BI implementations, Power BI dashboards and end to end BI solutions to various organisations in Australia and around the world. With our deep competency in delivering Microsoft BI analytics and business intelligence solutions, we have listed some of the features of <strong><a href=\"\/au\/blog\/top-7-benefits-of-using-microsoft-power-bi-for-nfps-and-charities\">MS Power BI for businesses<\/a><\/strong>:<\/p>\n<p><img decoding=\"async\" class=\"wp-image-17864 size-full aligncenter\" src=\"https:\/\/exigotech.co\/wp-content\/uploads\/2021\/01\/Gateway-to-Business-Analytics.jpg\" alt=\"Gateway to Business Analytics - Microsoft Power BI - Exigo Tech\" width=\"940\" height=\"438\" srcset=\"https:\/\/exigotech.co\/wp-content\/uploads\/2021\/01\/Gateway-to-Business-Analytics.jpg 940w, https:\/\/exigotech.co\/wp-content\/uploads\/2021\/01\/Gateway-to-Business-Analytics-480x224.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) 940px, 100vw\" \/><\/p>\n<ul>\n<li>Query Editor is one of the most powerful features of Microsoft Power BI desktop that allows transformations such as adding a new column, merging, splitting or adding query. Such a feature helps in effective formatting and visualisation of reports.<\/li>\n<li><span class=\"TextRun SCXW10264639 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW10264639 BCX0\">Data Analysis Expression also known as DAX is a language used in Microsoft BI which works like Excel but with fewer complications. With DAX users can create their own metrics and generate expressions with data.<\/span><\/span><\/li>\n<li><span class=\"TextRun SCXW241478110 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW241478110 BCX0\">Insight is another such option that Microsoft offers in Power BI which allows you to check hidden information on the data. Enterprises can identify trends and gain strong metrics using such information.<\/span><\/span><\/li>\n<li><span class=\"TextRun SCXW161019297 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW161019297 BCX0\">The storage capacity of Microsoft<\/span><\/span><span class=\"TextRun SCXW161019297 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW161019297 BCX0\">\u00a0Power<\/span><\/span><span class=\"TextRun SCXW161019297 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW161019297 BCX0\">\u00a0BI is excellent. It has the bandwidth to transform and load millions of charts in a lesser\u00a0<\/span><span class=\"NormalTextRun AdvancedProofingIssueV2 SCXW161019297 BCX0\">period<\/span><\/span><span class=\"TextRun SCXW161019297 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"none\"><span class=\"NormalTextRun AdvancedProofingIssueV2 SCXW161019297 BCX0\">\u00a0of time<\/span><\/span><span class=\"TextRun SCXW161019297 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW161019297 BCX0\">. It also has the capacity of compressing the files without compromising on its quality or performance.<\/span><\/span><\/li>\n<\/ul>\n<h3>New features that were announced to be implemented in Microsoft Power BI in the near future<\/h3>\n<p>Microsoft continues to invest heavily in the development of its apps that enhances productivity and user experiences amidst remote working. To make things easier for the workforce to continue working from anywhere, Microsoft has announced several improvements to their products including MS Power BI. Amplifying the data protection capabilities and enabling customers to classify data and customise reports, Microsoft has announced enhanced integrations of Power BI with SharePoint. Integrations with Azure Synapse to create and manage materialised views has also been rolled out.<\/p>\n<p>As a <strong><a href=\"https:\/\/exigotech.co\/au\/about-us\/partners\">Microsoft Solutions Partner<\/a><\/strong>, we at Exigo Tech aim to bring your business data to life. Get in touch with our team of Microsoft Power BI experts on <strong><a href=\"tel:1300 394 468\" data-wpel-link=\"internal\">1300 EXIGOTECH (394 468)<\/a><\/strong> or email us at <strong><a href=\"mailto:sales@exigotech.com.au\">sales@exigotech.com.au<\/a><\/strong> to quickly build custom BI solutions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a world overwhelmed by information everywhere, it\u2019s more important than ever for organisations to understand how to extricate each&#8230;<\/p>\n","protected":false},"author":8,"featured_media":67249,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","inline_featured_image":false,"footnotes":""},"categories":[20,180],"tags":[186],"class_list":["post-17856","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-microsoft-suite","category-power-bi","tag-microsoft-power-bi"],"acf":[],"_links":{"self":[{"href":"https:\/\/exigotech.co\/ph\/wp-json\/wp\/v2\/posts\/17856","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/exigotech.co\/ph\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/exigotech.co\/ph\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/exigotech.co\/ph\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/exigotech.co\/ph\/wp-json\/wp\/v2\/comments?post=17856"}],"version-history":[{"count":4,"href":"https:\/\/exigotech.co\/ph\/wp-json\/wp\/v2\/posts\/17856\/revisions"}],"predecessor-version":[{"id":67259,"href":"https:\/\/exigotech.co\/ph\/wp-json\/wp\/v2\/posts\/17856\/revisions\/67259"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/exigotech.co\/ph\/wp-json\/wp\/v2\/media\/67249"}],"wp:attachment":[{"href":"https:\/\/exigotech.co\/ph\/wp-json\/wp\/v2\/media?parent=17856"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/exigotech.co\/ph\/wp-json\/wp\/v2\/categories?post=17856"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/exigotech.co\/ph\/wp-json\/wp\/v2\/tags?post=17856"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}