Many businesses rely on native reporting systems to track their day to day progress. The problem with these reporting systems, is that they are often static in content, meaning a lot of manual labour is required to update, change, or refine them.
Data is constantly changing, and reporting on this data needs to be instant, robust, and aligned to all systems within a business. Essentially, you want to be able to identify problems, and find opportunities within your business and your industry market.
Having a business intelligence solution will give you a 360 overview of your businesses’ data insights within seconds. By being able to visualize this, it will allow you to make data backed decisions and actions that you wouldn’t have necessarily actioned before.
A solution like Microsoft’s Power BI simplifies data evaluation and sharing, with scalable dashboards, interactive reports, embedded visuals, and more.
Power BI is a collection of software services, and apps, that work together to turn your unrelated sources of data into coherent, visually immersive, and interactive insights.
This can vary from an excel spreadsheet, to your MailChimp data – Power BI lets you connect these sources; discover and visualize what’s important; and then share that with anyone you want.
It is a cloud based software, so everything can be shared via the cloud, and is built to be compatible with browsers across any platform.
As with all of the features across Office 365, Power BI also has the industrial strength security wrapped around it.
It’s a huge business intelligence platform, designed to let your business create, share and consume business insights in the way that best serves you.
So you can say goodbye to the specialist IT report writer who creates individual, time-consuming reports; and say hello to this high performing and rapid application, that will automate your reports for you.
Power BI is about to get even better with the introduction of goals! It is a data-driven, collaborative way to measure KPIs - all built on Power BI and your Microsoft Teams experience. Your data is fed into goals, where you can create new business metrics and measure them in a central location. Within your Teams you can set individual goals, share updates and dive deeper into data analysis. You can also create a scorecard with all your goals and sub-goals with data from multiple sources across your business to give live, up-to-date results.
Goals is completely AI-powered, so you can learn intelligently from your data to understand where the pockets for growth are. The crowning piece? It will enable automated action, for example, businesses processes will trigger your goals to automatically change status – with no manual work in sight.