With Power BI Desktop, you can connect to data, including data from a number of sources, form the data with queries that create persuading, smart data models, and create reports and visualizations using the data models.
Share your report files so that others can use, improve, and share them. Power BI Desktop.pbix files can be shared like any other file. However, uploading them to the Power BI service offers the biggest advantages. Microsoft’s tried-and-true query engine, data modeling, and visualization technologies are all integrated into Power BI Desktop. In addition to creating collections of queries, data connections, models, and reports, data analysts may also develop and share reports.
With Power BI Desktop and the Power BI service it is easy to model, build, share, and extend new insights from the world of data. The process of developing and producing business intelligence repositories and reports is otherwise dispersed, disjointed, and laborious. Power BI Desktop centralizes, streamlines, and simplifies this process.
- Better sales decisions: Businesses can identify unique sales trends based on their consumers’ preferences, responses to promotions, online shopping experiences, purchasing habits, patterns, and trends that influence sales by using industry-specific business intelligence. Utilizing consumer purchasing patterns enables a business to choose the best course of action to keep loyal customers and seize lost sales chances.
A business can swiftly choose which cross-sell prospects to increase or which items are ideal by digging down to such detailed insights. A corporation can choose the best strategy to reposition the product before declining customers quit buying completely by identifying customers in decline. Sales managers can select the ideal customers to target, where to find them, and what methods to use to acquire and convert them.
- Better marketing strategy: A business can swiftly make strategic marketing decisions to profit better on its products or services by tracking trends to ascertain customer preferences. Data analytics software can track promotional results and evaluate the effectiveness of campaigns. A business may now use it to select how to prioritize advertising, customize promotions, and use social media. This allows a business to make choices that will improve its marketing strategy, lower costs, and increase return on investment.
- Better business decisions: Executives can make decisions based on statistics thanks to data analytics. By assessing a long-term view of the market and the competition, that information can be used to inform decisions regarding the company’s future development. By employing visualizations to show the productivity in each department of the business, including workforce management, data analytics can assist executives in making decisions about how to streamline procedures. A manager can decide the best ways to increase worker productivity, simplify hiring, or lower staff turnover by identifying actionable insights. Executives can use data analytics to get all the information they need to make critical operational choices.
- Better inventory decisions: A business can decide how to improve its inventory management by using data analytics to pinpoint possibilities and problem areas. For instance, cutting back on surplus inventory also cuts down on the expense of maintaining it. A business can decide when and how much to order more effectively with improved visibility. Managers can alter pricing tiers to boost profit margins and seize every opportunity by being aware of a product’s ordering habits as well as the optimal times, prices, and quantities to purchase.
- Better financial decisions: An up-to-date perspective of a company’s financial situation is provided via data analytics. A Manager can access services like Phocas’ Financial Statements to view profit and loss, general ledger, and balance sheet data. Businesses will be able to dig all the way down to individual transactions with the help of excellent BI in order to receive quick answers to questions about cost and revenue prospects. A firm can make decisions based on the company’s future financial state by looking at the incoming and outgoing money of the present and past. Revenue breakdown by location allows one to assess the strength of product lines per branch. For instance, a company might choose to increase promotion in one place while removing a particular item from another. Executives are able to monitor key performance indicators (KPIs) by customizing the dashboard.
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