If you’ve installed the Office 365 Enterprise E5 version, you will notice the Power BI integration in the software. If you are not sure what Power BI is, it’s a cloud-based service that can be exploited for business analytics. It will help lay down all your crucial data while also giving a diagnosis on your overall business health in a single view.
The power bioffice 365 will also provide you with regular reports to ensure that you are still on pace with your organizational goals. There’s even a mobile app version that will allow you to run your business by staying remote. You can access critical files on the go. This flexibility gives you the twin benefits of traveling anywhere with freedom and while keeping track of the business. You can support the company from a remote location in case of any emergency.
Here are some ways how the Power BI can help boost your bottom line:
1. Integrates with the Microsoft ecosystem — The 2018 Cloud Adoption report by bitglass revealed that the adoption of Office Suite 365 among enterprises surged to 81% in 2018 compared to 34% in 2016. What this means is that you have less of a learning curve, especially when you intend to apply it on a broader scale. Your employees are already familiar with Microsoft’s host of applications and programs.
2. Share analytics reports in real-time. In highly competitive business environments, the company that makes the best use of data to improve processes and marketing strategies will always have an edge. With Power BI Office 365, each of your teams in the different departments can import the data in real-time. You can also share the analytics with them immediately after getting the report. These reports will give a more in-depth insight into the financials and other critical data of your company. For your marketing team, for example, they can immediately change their plans if the data supports the need to realign their strategies.
3. You can access data anywhere and anytime. The State of Analytics report from MicroStrategy revealed that 9 in 10 of business professionals believe that data analytics is the key to preventing digital disruption. It’s also a crucial element in the pursuit of digital transformation for any company. Since your data is stored in the cloud, you can access it anytime, anywhere. This feature also enables you to be always on top of your company even if you are halfway across the globe.
4. Make informed decisions — You become more confident about making decisions because they are not a result of mere guess or gut instinct. Few leaders possess the instinctual capacity to always make the right decision when presented with multiple choices. Even then, they still rely on data to affirm their choices, at the very least. You don’t have to possess this almost preternatural talent to steer your company in the right direction. Data analytics will give you the necessary tools to minimize fatal mistakes.