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Power BI is a business intelligence and analytics tool that, among other capabilities, enables businesses to act on data in real time.
Users, from CEOs to department managers and field service agents, can set up personalized dashboards with live visualizations of information relevant to their roles and objectives.
If a notable change or pattern emerges, they’ll see it on their dashboard and use it to inform next steps. Or they can easily access up-to-date data as needed by generating custom reports within the Power BI platform.
Additionally, teams can design department-specific dashboards to keep an eye on metrics important to them, such as sales or marketing performance.
Real-time data dramatically shortens the time it takes to receive actionable information. It’s worth pausing to digest the value here. Many businesses’ reporting processes are limited, and it can take days, weeks and even months for reports to come through. They’re continually operating on aged-out information.
This doesn’t serve the needs of businesses today.
Yes, you can still make great business decisions when you analyze reports on a monthly or quarterly basis. But imagine the possibilities if you could see data right away, any employee could access those insights, and new reports could be generated quickly. Also, consider that your competitors are reviewing these same possibilities, raising the stakes today.
With access to up-to-the-minute information, users can react faster, allowing them to stay ahead of internal and external disruption, and act sooner on opportunities. But what does that look like?
Here’s how businesses are using real-time data in their operations.
These use cases barely scratch the surface of what’s possible with Power BI. Our Power BI team at Enavate can help you get the most out of the platform, so you can put actionable data in front of the right people at the right time. Get in touch to learn more.
About the Author
Ray Fratto, Business Intelligence Practice Leader, Enavate
Ray Fratto is a Business Intelligence Practice Leader at Enavate. He has over 20 years of delivering solutions on Microsoft data and reporting platforms. In his day to day, Ray consults, writes, speaks, and teaches about business intelligence, data warehousing, and reporting solutions. Ray has advised companies around the world to realize their goals of modernizing their analytical processes. Critical to this is simplifying and streamlining integrations, building more effective data solutions to support organizational growth, and creating visualizations that allow for more rapid decision making.
Ray Fratto is a Business Intelligence Practice Leader at Enavate. He has over 20 years of delivering solutions on Microsoft data and reporting platforms. In his day to day, Ray consults, writes, speaks, and teaches about business intelligence, data warehousing, and reporting solutions. Ray has advised companies around the world to realize their goals of modernizing their analytical processes. Critical to this is simplifying and streamlining integrations, building more effective data solutions to support organizational growth, and creating visualizations that allow for more rapid decision making.