Power BIThe advantage of Power BI lies in its business model and data analysis capabilities. Power BI was previously a plug-in for Excel, and its development was not ideal. So it got out of Excel and developed into a BI tool. As a latecomer, Power BI has iterative updates every month and catches up very fast. Power BI currently has three licensing methods: Power BI Free, Power BI Pro, and Power BI Premium. Just like Tableau, the features of its free version are not complete. But they are almost enough for personal use. And the data analysis of Power BI is powerful. Its PowerPivot and DAX language allow me to implement complex advanced analysis in a way similar to writing formulas in Excel.
Explore Data & Analytics Statistics
- 90% of enterprise analytics and business professionals currently say data and analytics are key to their organization’s digital transformation initiatives.
- 8 percent of businesses say data and analytics have fundamentally changed the nature of industry-wide competition
- The big data software market was worth $31 billion in 2018, growing 14 percent from the year before.
- Content analytics usage among IT professionals increased from 43 percent to 54 percent between January 2018 and January 2019.
- In the banking sector, investments in big data analytics were estimated at $20.8 billion in 2016.
- Businesses that use big data saw a profit increase of 8–10 percent.
- 95 percent of businesses need to manage unstructured data.
- The big data industry will be worth an estimated $77 billion by 2023.
- By 2025, the amount of the global datasphere subject to data analysis will grow by a factor of 50 to 5.2 zettabytes.
- 45 percent of companies run at least some big data workloads in the cloud.
Check Out Data & Analytics Tools
Recent Blogs on Data & Analytics
- Surprise! Payers’ Data Struggles with the No Surprises Act
- Implementing Power BI Report Usage Metrics
- Implementation Fundamentals of Master Data Management
- Power BI Download Options: App vs MSI
- Data Solutions that Improve Risk Management for Banks
- A 360-Degree Customer View: Personalizing the Consumer Journey
- The Value of Data Integration
- Don’t Let Technical Debt Bankrupt Your Data Foundation
- Pitfalls to Avoid when implementing Health Information Exchange
- Driving Power BI Adoption