Spreadsheets have been a part of routine business reporting for a long time. Professionals have been happy with Microsoft Excel as a daily driver as it has been efficient and easy to use. However, the times have changed with the introduction of Big Data and Data Analytics. Business Intelligence offers excellent analytics on top of the visualized reporting abilities, making it a better tool.
What are the benefits of Power BI over Excel?
Power BI is an interactive tool for data reporting and visualization; as such, it trumps Excel’s general-purpose reporting, computation, and graphing abilities. Here are the five solid reasons why Power BI is the future of automated and streamlined reporting for your business:
1.Visualized data for deeper insights & easy decision making
The visualization abilities of Power BI are exceptional. As a business professional, visualized data reporting in front of the eyes is much more appealing and quicker to comprehend. That’s where Power BI helps make data reports convenient to review and make quicker decisions while being on the same page through intuitive dashboards.
2. Find answers to all your questions in your own terminology
With Excel-based reports, one might have to go through numerous sheets and charts to find answers for their queries. Power BI with the provision of Natural Language Queries saves huge amount of time here. Natural Language Query will enable users to quickly find answers by entering their questions on the dashboard’s query box.
3. Dashboards, alerts, and KPIs
Power BI offers customized dashboards, alerts, and measures of KPIs, so one can not only easily review reports but can also get a solid outlook for better decision-making. These intuitive features, along with excellent visualization, make Power BI an excellent add on.
4. Sharing reports that any audience can comprehend
Excel reports are convenient to comprehend as long as there are charts, or the user is an avid excel user. However, the user doesn’t have to be tech-savvy to understand the reports prepared with Power BI. Reader can get the right access and analyze reports with simple drag-and-drop dashboards.
5. Cloud collaboration & easy transitioning
Power BI has a greater advantage when it comes to collaboration and review for cross-functioning teams. Being a desktop and web-based application, Power BI is always at users’ fingertips. Furthermore, it can be built upon the past Excel records, so organizations do not lose their previous records as they adapt to Power BI.
Excel can secure its role for basic data logging and computation for years to come. However, Power BI surpasses Excel when it comes to the ease of analyzing large data sets across a team of professionals.
Let PBI help you with understanding what it takes to shift your reporting from excel to Power BI
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