Learn More About Microsoft Power BI and How It Can Help You Grow Your Business
Learn More About Microsoft Power BI and How It Can Help You Grow Your Business
Microsoft Power BI – In the business world, asset ownership is crucial, from buildings and production assets to vehicles and more. However, beyond tangible and quantitative assets, another extremely valuable company asset is data. This is important for a reason, as data assets enable companies to understand customer and market needs, enabling them to compete effectively.
A company's data assets can be a powerful tool for business development through accurate strategies and planning based on the company's data assets. However, not all data assets can be used for company development; this depends on the extent to which the data can be presented through data processing to identify potential leverage points. Therefore, many companies are currently implementing the Enterprise Resource Planning concept or utilizing ERP system software services to present accurate data to realize their business development strategies.
Company data asset processing can also be done manually using applications or tools. However, manual data asset processing is certainly very risky, especially if the number or quantity of data assets being processed is very large. Furthermore, if the data asset format is messy and must be tidied up one by one, this is certainly very time-consuming. If technical or non-technical errors occur in the data processing, it will affect the accuracy of the data asset processing. Data errors can be very dangerous if used to determine the company's business strategy.
One effective way for companies to obtain comprehensive data for determining accurate business development strategies is to utilize ERP software systems like Microsoft Power BI to process data assets with a high degree of accuracy, even when handling large amounts of data. The usefulness of Microsoft Power BI is actually not much different from the ERP software systems currently widely used by companies in Indonesia.
Understanding Microsoft Power BI and Its Uses
As the name suggests, namely Microsoft Power BI, what is meant by BI is Business Intelligence or business intelligence that applies concepts and combines architectural segments, support tools, database processing, analysis tools and methodologies simultaneously to then produce output in the form of processed data that has been visualized, where the data can be used by companies to develop their business to be even bigger.
In the data processing method carried out by Microsoft Power BI, the analysis carried out on a database is divided into four bases, namely:
1 Descriptive Analysis
The analysis carried out by Microsoft Power BI at this stage is carried out by reviewing and analyzing data through previous events so that a result is obtained regarding where and to what extent the data can be directed.
2 Diagnostic Analysis
Microsoft ERP partners can perform analysis by examining how an event actually occurred. To determine these causes, Microsoft Power BI analysis typically uses OLAP operations.
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3 Predictive Analysis
The third method Microsoft Power BI uses after diagnosing the cause of an incident is to recommend predictive possibilities for future events. Microsoft Power BI 's recommendations come in various formats, such as customer data trends, clusters, demographics, and even exceptions.
4 Prescriptive Analysis
Prescriptive Analysis complements the three analyses previously performed by Microsoft Power BI. Prescriptive analytics provides an explanation of what can be done after analyzing business conditions. Prescriptive analysis provides recommendations in the form of actions users can take to maximize business development strategies and prevent potential obstacles that could hinder business goals.
One example of prescriptive analysis carried out by Microsoft Power BI is being able to provide suggestions on what products a company should develop after reviewing sales reports regarding locations, products, and models that are in demand by the public.
Another advantage of Microsoft Power BI is that processed data can be displayed through a user-accessible dashboard. The processed data is visualized according to the performance management system, which is used to display important information. Visualizing data makes it easier to monitor and find the data needed to support a company's development strategy.
Microsoft Power BI , implemented in companies, can also be used as an analytics tool for all critical company data, such as customer data, sales data, demographic data, and sales distribution areas. At first glance, Microsoft Power BI's functionality is not much different from using Excel for data processing. However, with increasingly complex business needs, the capabilities provided by Microsoft Excel are deemed insufficient. Therefore, Microsoft has integrated Power BI's functionality into Excel.
This relates to the previous article about Microsoft Partner Indonesia , where Microsoft Corporation has partnered with several software development companies to provide powerful services for businesses looking to upgrade their existing business management. One of Microsoft Partner Indonesia 's flagship products is none other than Microsoft Power BI, which is directly supported by the world's largest software development company or ERP system, Microsoft Corporation.
If a company wants to implement an accurate business strategy and compete with its competitors, one of the best ways to achieve this goal is by utilizing the features provided by Microsoft Power BI. The use of Microsoft Power BI in companies can provide the best recommendations on steps to take to grow the business. This way, errors in determining the company's development strategy can be minimized and the opportunity to achieve the company's goals can be greater than before using Microsoft Power BI .
That concludes our review of Microsoft Power BI and its uses . If you have any questions about Microsoft Power BI, creating an ERP system for your company, or developing other software for your business needs, don't hesitate to contact Dinamika Solusi Informatika. As a software development company for companies, Dinamika Solusi Informatika is a member of Microsoft Partner Indonesia , and we certainly have the expertise to develop ERP systems for companies. This concludes our meeting. We hope this has been helpful.
