Data analytics is a hot topic right now, and it’s sometimes hard to differentiate if this is just another term that’s getting hype for the sake of it or if it does bring value to businesses. And the short answer is – YES, it does! If you are not implementing data analytics into your workflow, you are missing out a lot, and this article will help you avoid that mistake.
Simply put, data analytics helps you make better business decisions. Sophisticated business intelligence tools such as Microsoft Power BI help you collect, process, and analyze data from different parts of your business and digest it into actionable reports.
Because Power BI allows you to quickly process information and turn it into reports you can act on. It saves an enormous amount of time while simultaneously empowering your decision-making. Because of this, your team will be able to use Power BI every day and make every single one of the decisions data-based.
Running data analytics used to be a complex task, and only companies with dedicated IT departments who deal only with data processing could get the full advantage of their data.
However, Power BI and similar business intelligence tools changed this. Now, with the right Power BI training, even smaller companies can become data-savvy without unnecessary costs.
How data benefits decision making
While it might seem that data analytics and visualization is not necessary for smaller businesses, that’s not true. In fact, making data-driven decisions might be the difference-maker that will help your company succeed and push it to the next level.
First, Power BI will give your team valuable data insights every step of the way. This means it will eliminate guesswork and help every team member make data-driven decisions daily.
Also, Power BI advanced data analytics will help you notice trends and patterns you could easily miss. Because Power BI specializes in data visualization, all of the information will be presented in skimmable reports you can analyze at a glance. This is what makes it a much better and more accessible option than spreadsheet tools like Excel.
Also, because Power BI supports natural language, your team members will be able to ask it questions and get reports even without technical knowledge. This will speed up the process further and stimulate them to use the platform more often, as they won’t be intimidated by its interface.
While Power BI is a part of MS Office 365 and shares some similarities with Excel, it is quite a different tool. Sure, you can learn it on your own, but that will take much more time, and the results you will get won’t be consistent. Remember, all of your team members will need to learn to use the tool if you want to implement it into your workflow without major issues.
Data Bear is a London-based company that offers advanced Power BI training in London and Manchester. We helped many businesses just like yours to quickly master Power BI and become data-savvy. Don’t hesitate to contact us today and start your Power BI journey the right way.
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