- Interactive dashboards that query databases to retrieve information on demand are the ultimate self-service experience. You can dynamically view data and also customize it for easier understanding.
- Predictive analytics use algorithms to perform forward-looking data analysis, especially routine financial forecasting. Real-time reporting automates and streamlines all aspects of the reporting process.
- Artificial intelligence includes natural language tools that can read and write, as well as machine learning.
- Chatbots (virtual assistants) help you interact directly using voice or text queries.
- Cloud-based solutions are increasingly popular. By providing a single cloud-based data source for the entire organization, everyone is working from the same reliable starting point.
International standards in digital reporting
- for what purposes will the reports be created? how large is the analysis data
- which database will be used for data storage and administration?
- may the data be stored in a cloud?
- which report formats are needed?
- how many users should have access from the reporting system?
What is Power BI?
Power BI service
Power BI Desktop
- Connect to data.
- It can connect to more than 70 local and cloud data sources such as Azure (Azure Data Warehouse), DropBox, Google Analytics, OneDrive and SAP.
- Transform and model data
- Create reports and dashboards with charts, tables and graphs
- Share reports with others via the Power BI service
Why companies choose Microsoft Power BI:
It offers a quick start, uncomplicated setup, without training
It is performant
It has custom open source graphics
Advanced data scientists can use open source programming languages
- Part 1: How to make business analytics successful?
- Part 2: Business Analytics vs. Business Intelligence
- Part 3: What is SAP Analytics? The SAP Data Warehouse Portfolio
- Part 4: SAP Analytics – The Front End Products
- Part 5: Data Platform – An Important Pillar of Digital Transformation
- Part 6: On the Way to AWS
- Part 7: Cloud – Curse of Blessing?