Business Challenges you can solve with Power BI Solutions

Every growing and established business utilizes the capabilities of data and making decisions. As competitiveness is increasing, building a strong data strategy for your business is necessary.

With this, the business intelligence demand is increasing. According to a report released by Gartner (2022), the BI market is expected to reach $13 billion by next year (2025). In this regard, Power BI is one of the most suitable tools. It can not only streamline your data management but also share useful insights across the organization.

Most Common Data-Related Business Challenges

It is not easy to manage data without adequate tools and technologies. There are several challenges to address whether you need to work with the quality or quantity of data. Time consumption can also be a major concern related to data. Here are the top data challenges a business encounters:

• Trouble accessing or incomplete reports
• Excessive time spent gathering data from various departments
• Decision-making delays due to reliance on multiple department heads for reports
• Limited report formats hindering analysis and export
• Excessive time spent formatting presentations instead of analyzing data
• Risks of outdated report-based decisions
• Inability to drill down into detailed data
• Insufficient security for sensitive data
• Challenges in spotting and predicting trends from available data

What is Power BI?

Power BI is a set of apps, software services, and connectors, used to refine the data for better business decisions. Whether the data is on the cloud, or on-premises, Power BI has a robust ecosystem to empower users with powerful data insights. According to 6Sense(2023), Power BI holds a 36.53% market share in the business intelligence market. This report also hinted that by 2032, the BI market is set to reach USD 63.76 billion.

Power BI can be used for many data-related processes and offers various components. Here are the core components:

For Data Acquisition:

• Power Query: This is a data transformation tool helping you connect to various data sources, cleansing, and shaping your data for analysis.

For Data Modeling:

• Power Pivot: It's an in-memory tabular data modeling tool that allows you to create complex data models by combining data from different sources.

For Data Visualization:

• Report Authoring Tools: Power BI Desktop is the primary tool for creating reports and dashboards. You can also use other visualization tools like Power View and Power Map to create different views of your data.

For Sharing and Collaboration:

• Power BI Service: It's a cloud-based service that allows you to share your reports and dashboards with colleagues on creating and editing reports.
• Power BI Mobile Apps: These mobile apps allow you to view and interact with your reports and dashboards on your mobile devices (Android, iOS, and Windows).

Power BI Capabilities of Bizmetric

No matter your business's industry, we customize business intelligence solutions while managing adherence to security standards. Not only that, but we even:

• Connect diverse data sources and effortlessly integrate your data from various sources for a holistic view
• Simplify data exploration and empower users with intuitive visualizations and self-service analytics
• Unlock AI-powered insights to deliver valuable recommendations through machine learning for smarter decision-making
• Drive data literacy and enhance data understanding across all levels for a data-driven culture
• Utilize Microsoft Fabric with Power BI and bring automation to various business processes

Power BI Case Studies of Bizmetric

Bizmetric Power BI experts have built over 1000 dashboards across industries. With performance improvements and best practices, we have worked on countless complex projects. Here are some of the Power BI case studies:

Power BI Migration: Oil & Gas Industry

We migrated a Spotfire Dashboard to Power BI for faster performance for an Oil & Gas industry client. There were challenges with data volume limitations and centralized data warehousing. With Power BI implementation, reports are delivered significantly faster, as compared to, Spotfire, while keeping a similar user experience.

Unifying Global Data with Power BI: Healthcare Industry

Our globally operating client from the healthcare industry had issues with diverse data formats across regions. There were also challenges with financial data (currency differences) and data disparity. We standardized data formats and implemented efficient data handling processes with Power BI for comprehensive analysis.

Enhancing Data Analysis Efficiency Using Power BI: BFSI Industry

A leading global insurance provider faced challenges with their existing reporting tool, Qlikview, due to long data reloading times and limited analysis capabilities. To address these issues, we implemented Power BI with direct query mode. This resulted in eliminating downtime for report reloading, enabling users to access the latest data promptly.

Power BI Implementation: Food & Service Industry

Our client in India lacked real-time analytics and a centralized data storage platform. There were issues with data redundancy and they were heavily relying on Excel sheets. We helped with Power BI implementation that enabled faster onboarding, comparative analysis, and reduced dependency on manual Excel analysis, leading to cost and time savings while improving business insights.

Top 10 Tips for Power BI Adoption

Here are the top 10 tips to help you get a better idea about Power BI adoption for your data analytics needs:

• Define Objectives: Clearly outline what you want to achieve with Power BI
• Start Small, Scale Up: Begin with pilot projects and expand gradually
• Comprehensive Training: Ensure users receive thorough training on Power BI
• Data Governance: Establish policies for data accuracy, security, and compliance
• Encourage Collaboration: Foster a culture of sharing insights and best practices
• Invest in Data Quality: Prioritize data quality initiatives for reliable insights
• Executive Sponsorship: Gain support from leadership to drive adoption
• Self-Service Analytics: Empower users to create their reports and dashboards
• Monitor and Improve: Continuously monitor usage for optimization
• Regular User Feedback Sessions: Organize regular feedback sessions with users

Contact Power BI Experts

If you are facing any issues with data in your business, it is time for you to opt for Power BI. With a range of data solutions, you can get every solution in one place at Bizmetric. We are not limited to Power BI solutions.

Bizmetric offers a range of services to help your business get streamlined data results and automate workflow. Whether you need Power platforms services or any cloud services, we are here to help your business operate at peak performance. Contact our experts now and streamline your data management!

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