The world has changed in 2020. The future is a little more uncertain than it was six months ago. Will the economy rebound? Will it stall? These are questions that only time can answer. One thing that is certain is that the organization that will thrive in the “next normal” are organizations that are data driven and embrace change. Those businesses that stagnate and react slowly will be at a disadvantage in the new economy.
Data driven organizations utilize data to inform and make decisions in a timely fashion. Those that can react to trends more quickly will be a step ahead of the competition. Microsoft Power BI and its’ updating dashboards can be a great tool, especially for Microsoft 365 users. Your executives can have current data to view and make decisions with and even query the data using natural language queries. They can type things like “show me sales for Q1 in our Florida office” and Power BI will interpret that to show the requested data.
Power BI has two main components, Power BI Desktop and the Power BI Service. The Power BI Desktop software (which is available for free at powerbi.microsoft.com ) is for your data analysts in the organization. Power BI can pull in data from multiple sources like Excel, Access, SQL and even non-Microsoft sources like Salesforce.com and some web-based forms can be connected. Instead of having to run data analysis in each individual silo of data, Power BI allows analysts to query the aggregated data and develop visualizations of that data. (Check out our webinar on Power BI here)
The dashboard with the visualized data can then be uploaded to the Power BI Service where reports can be shared and subscribed to. Different executive or line managers can have a different set of reports on their dashboard. With the “subscribe” option, they will get emailed when data is refreshed allowing them to make decisions with the most current data. Simply logging in to their Power BI Service account will give them access to the data from any place with internet access – an important point in today’s world.
Power BI is yet another tool in the Microsoft 365 suite that is available to businesses to help them navigate the new normal. Want to know more? Call us today at (888) 600-4560 or email us at email@example.com and help transition your organization into a data-driven organization!