Businesses survive and thrive on data and smart harnessing of business data is the only way forward. This is precisely why there exist so many business intelligence and data analytics tools to help businesses in the accurate prediction of upcoming market trends and monitor and improve their current operations. The cloud-based business analytics service Power BI from Microsoft is one such tool that drives businesses forward with its diverse Power BI visualization options that are feature-rich and easy to use.
Here are the top 5 features and benefits of Power BI visualization
Identify Areas for Expansion
Sometimes, the real picture gets buried in the huge incoming data streams that result from the multiple processes and workflows of the organization. The interactive dashboards of Power BI help in organizing and structuring this data for deriving meaningful insights. The data visualization features allow for a bird’s-eye view of the process and enable stakeholders to identify new horizons for process improvement and expansion.
Power BI throws light on the previously unexplored areas of business interest
Ease of Reporting
Managers and top executives spend hours of their precious time preparing business reporting by collecting, sorting, and analyzing business data. Using Power BI data visualizations, the user can elaborate reports that give a multi-perspective view into the dataset.
Insightful reports that offer a complete and structured presentation of dataÂ
Informed Decisions
Custom visualization of data can provide tangible insights that can be used for making better business choices. With the convenience of Power BI visualizations, businesses are armed with the tools and knowledge they need to make data-backed decisions for attaining better efficiency.
Enables better business moves with data-backed decisions.
Custom View of Data
With Power BI, visualizing large streams of data isn’t a boring or tedious practice anymore. The tool offers data visualization options galore and a library for custom visualizations. Visualization options include stacked column chart, clustered bar chart, ribbon chart, waterfall chart, and many more.
Attractive visualization options to communicate findings in a constructive way
Interactive Dashboards
A collection of Power BI data visualizations can be combined to set up an interactive dashboard that can easily be shared and printed. The dashboards enable users to monitor critical metrics, get quick answers to business questions, and have different perspectives and viewpoints of the same dataset.
Easy monitoring of key indicators and simplifying complicated information
Building Hierarchy
Data can be gathered from multiple sources to create hierarchy and relationships in the visualization panel. When using hierarchy, the user gets the drill-down option to view reports and make them more targeted. There’s a built-in date hierarchy that comes handy while building financial reports.
Better organization and display of data at different levels
Timeline Storyteller Visualization
A custom visualization for Power BI, it’s an expressive visual storytelling environment that facilitates the presentation of different aspects of timeline data in the form of interactive, visually-rich stories. The benefits include better engagement with readers and ease of conveying the intended ideas.
Effective sharing of insights and enhanced comprehension.
Today, organizations across the world use Power BI visualizations to transform enterprise data into rich visuals for extracting business intelligence. The rich features of the Power BI visualization tools provide a more intelligent way of using operational data, tracking real-time performance indicators, and constant monitoring of the market.
