It’s not just the data analysts on your team that can benefit. Many departments can use Power BI, including Finance, Sales and Marketing, and Operations.
Let’s look at how each of these departments can use Power BI for data analysis.
Power BI for Finance
Finance teams use Power BI to identify insights that drive better and more-informed decisions. The tool can transform your finance reviews by visually showing data in an interactive report. Everyone can participate and ask questions in real time to get the value they need from the report.
And the best part about Power BI? You keep full ownership of your data.
Example use cases:
- Reduce airfare expenses. Quickly compare different pieces of data side by side to find areas where you can save money on airfare expenses.
- Analyse revenue performance. Discover insights by comparing revenue across product range, customer type and location.
Power BI for Sales and Marketing
Tracking sales and marketing performance is now more complicated than ever before. Power BI gives you the technology to bring all your data - from all your campaigns - together so you can quickly see everything from a single view.
Improve marketing performance by comparing campaigns side by side using Power BI’s visual reports. Create dashboards so you can monitor the performance of all your marketing channels from one screen.
Unlock new growth opportunities by sharing dashboards with colleagues and collaboratively analysing all your data sources from one system, not five.
Example use cases:
- Compare marketing performance by channel. Integrate multiple data sources and cross reference number of leads by marketing dollars spent. Quickly see your top-performing channels.
- Product revenue. Break down revenue generated by each of your product lines. Use Power BI to graph these figures and visualise how popular each product is for each customer segment.
Power BI for Operations
Operations teams are using Power BI to gain visibility into their network and find opportunities to remove pain points. Turn your boring supply chain data into visual reports so you can expose new opportunities.
Use Power BI to create models and KPIs to monitor the performance of your operations. You can visualise cost, quality, inventory, efficiency or routes using interactive dashboards that give you more opportunities to explore the root causes of your problems.
Example use cases:
- Inventory control. Monitor aggregated inventory levels through dashboards that can be shared between your facilities and groups.
- Supply chain. Identify areas in your supply chain that are under-delivering and causing bottlenecks. Visualise these bottlenecks to expose possible solutions.
Power BI brings your data to life
Power BI makes seeing and interpreting data easier than ever before. No longer is data analysis only accessible by data analysts. Empower your team to use data to make better-informed business decisions.
More inspiration: 10 Microsoft Power BI Success Stories (CIO.com)
Power BI consulting solutions
Interested in learning how Power BI can bring your data to life? Call us to speak with one of our Power BI consultants: 1300 562 886.
Learn more: Power BI consulting solutions