The Future of Data Analysis with Power BIThere’s a good probability that you’ve heard of Power BI if you deal with data. But what precisely is Power BI, and why is this data analysis tool growing in popularity?
Power BI is a set of business analytics tools that was first introduced in 2011 and enables you to analyze data and share findings. Excel spreadsheets, cloud-based and on-premises data sources, and real-time streaming data are just a few of the many data sources that Power BI allows you to connect to.
However, Power BI’s user-friendly and straightforward layout set it apart from competing data analysis tools. Power BI allows both technical and non-technical users to produce interactive reports and dashboards with a few simple clicks.
And Power BI’s recognition is expanding quickly. With a 70% rise in users only in 2020, Power BI is the business intelligence and analytics platform with the quickest growth rate, according to a Gartner analysis.
Why then do so many companies and analysts like Power BI? Let’s look more closely.
The Evolution of Power BI Dashboards and Reports
The capability of Power BI to produce dynamic and aesthetically pleasing reports and dashboards is one of the key factors contributing to its popularity. Using interactive visualizations made with Power BI, you may examine your data in novel and insightful ways.
For instance, you may design a dashboard to monitor your company’s key performance indicators (KPIs), such as sales income, client happiness, and website traffic. You can easily generate real-time updating charts, graphs, and tables so you can keep track of your KPIs and make data-driven choices.
Additionally, because Power BI is cloud-based, you can share your reports and dashboards with other employees in your company so that everyone has access to the same information.
Excel’s Demise as the Preferred Option
However, the largest factor in Power BI’s popularity growth may be Excel’s slide as the go-to tool for data analysis. Excel has long been a standard tool for data analysis, but it has its drawbacks.
For starters, when working with enormous datasets, Excel may be sluggish and difficult. Excel may also have trouble keeping up as data becomes more complicated and diversified.
On the other hand, Power BI can connect to a variety of data sources and is built to manage massive volumes of data. With Power BI, you can quickly integrate, convert, and clean your data so that you can concentrate on analyzing and displaying it.
Leaving the Excel Safety Zone
It might be intimidating to go from Excel to Power BI, of course. Since Excel has long been the preferred tool for data analysis, many users are familiar with its user interface and algorithms.
However, studying Power BI is a need if you want to advance your profession and future-proof it. Power BI is fast setting the bar for data analysis because to its simple interface, robust analytical features, and rising popularity.
Therefore, avoid remaining in the Excel safe zone. With Power BI, embrace the direction data analysis is going.
