Whenever you need to make a decision, whether personal or professional, you turn to data analysis. And this analysis works much better when you can count on one or more tools that help you to visualize the situation, in a clear and comprehensive way.
It was for this purpose that Microsoft created the Power BI. Second the tool's own website, “Power BI is a business analytics solution that allows you to view your data and share insights across the organization or insert them into your app or website.”
It is, therefore, a data analysis service that provides visualizations through a simple and interactive interface and using business intelligence resources, in order to promote the creation of reports and final dashboards.
Let's get to know a little more about Power BI in order to understand how dashboards can add to your business.
But first, what is Business Intelligence (BI)?
To think of a tool that is based on BI (business intelligence), it is interesting to understand this concept.
Business intelligence is a process, which was born in the 80s, with the purpose of collecting, organizing and interpreting data from a company, so that the information and results are delivered in a satisfactory manner.
This process involves large volumes of data in a single software, with the purpose of delivering the right information, to the right person at the right time.
In general, even small companies usually have at least one management system, be it for sales, inventory or even fiscal and accounting control.
The role of BI is to consolidate different important information, taken from different data sources, and to offer a broad and comprehensive view that enables informed and objective decision making.
What is Power BI?
Power BI is a set of Microsoft Business Intelligence tools, which allows the analysis of business and data, as well as the sharing of ideas. And all consolidated in a single dashboard, with completely configurable panels.
It is, therefore, a way to have all the main information and metrics of your company updated, in one place, and available on any device, be it computer, tablet or smartphone.
Power BI can be used both for small jobs in Excel, for example, and for breath analysis, which involve different software at different corporate levels.
What are the advantages of Power BI?
- Its diversity of use. There are three different ways: Power BI Desktop, for Microsoft Windows; Power Bi service, an online SaaS; and the Power BI mobile app, for smartphones or tablets running Windows, iOS or Android.
- The price. There are free versions and even those with lots of features are reasonably priced.
- Accessibility. There are communities, through which you can answer your questions.
- Interactivity. You can create interactive reports and custom dashboards. In addition, reports can be exported to PowerPoint and Power BI also connects to a website via an access link.
- Dashboards. Unique and comprehensive pages with a summary of everything.
What are Dashboards and what are their benefits?
A Power BI dashboard is a single screen that tells the whole story of your business, through the visualization of the most important elements.
These views come from Power BI reports, which are based on previously analyzed data sets.
This means that each dashboard can also take you to related reports for more details.
In addition, the dashboards are highly interactive and their configurable blocks are updated while the original data influences the reports.
Finally, dashboards are still aesthetically pleasing panels, capable of combining information both locally and in the cloud, allowing a complete and consolidated display on any device.
Why use Dashboards?
The dashboard facilitates the visualization as well as the interpretation of your company's data, through highly interactive, customizable and intuitive elements.
The dashboard allows for a better organization and optimization of information and processes, enabling a greater integration of the company's departments and reducing the time invested in the analysis, since the data and reports are always updated in real time.
All of this certainly simplifies and streamlines decision-making.
How to create a Dashboard in Power BI?
- Register. You must have a Power BI Account. To do this, you need to log in with a corporate or student email.
- Collect the data. The first step is to have access to the data that will be displayed on the dashboard. This data can come from Excel spreadsheets, inclusive. Processing time varies depending on the file size.
- Explore the dashboard. When choosing the imported data set, Power BI will allow you to create your visualization, using several options available in the navigation panels. There is also a wide variety of graphics, with different display alternatives.
- Save and publish. After creating and filling your charts, just save. These charts will be constantly updated. Whenever you change the database, they will be updated on the dashboard.
It seems simple enough, because it is. Power BI is a very intuitive tool and easy to be explored. You will be able to create different dashboards according to the needs of your business and your team. With the convenience of having a clean and comprehensive view, always up to date and available anywhere!