How Power BI Consultants can Help Overcome Top Power BI Challenges
According to a report, the global Business Intelligence market was valued at $24.05 billion in 2021 and is expected to hit $43.03 billion by the year 2028.
-Fortune Business Insights
Business owners and leaders have become much more cognizant of the value of their data. And, the value that it can bring to the business growth.
The global BI adoption rate is 26% - Wiiisdom
Have you still not thought about an investment in a BI tool like Power BI?
What is stopping you from making that move?
Yes, there are challenges that you may encounter on your way to your data initiative. But, there are people who can help you solutionize these problems.
Power BI consultants and certified Power BI service providers can be relied upon to make things easier. But first, let’s understand what are the top challenges that may cross your path. Besides, the possible solutions to make the change happen.
Let’s begin!
Being unable to utilize Power BI capabilities to the fullest
Business leaders today are much more certain about their business intelligence initiatives. They have vouched for the fact that data dynamics is controlling the market. And, nothing but more data and insights are going to bring them growth.Does this mean that you should invest in a BI tool without a second thought?
No, certainly not!
You got to investigate first what is that you need to get started with your BI initiatives and then decide.
At least have the following checklist ticked before you put a penny on the Power BI or some other tool;
- How is this BI tool going to help my business?
- Do we have people who know a little about this tool and can be coached to use it?
- How many departments can benefit from this tool?
- Are we technically enabled to leverage the capacities that the tool will bring in?
- Is there any technical help or consulting help available?
It is always suggested to get consulting help in the beginning to understand the capabilities of any new tool that you invest in.
The same fundamental goes along with Power BI. Hiring Power BI consultants rewards you with a superpower that lets you make the most out of your BI initiative.
Microsoft Power BI consultants are invested in the tech both personally and professionally. They help you analyze your set of requirements and prioritize the usage for each department of your business.
They can coach your team members from applying a small business case to creating compelling visualizations and data stories to capture granular insights from the data.
Simply put, Power BI consultants help you garner more value from the investments you make toward BI.
Overpaying against the derived business value
One size doesn’t fit all. And, this is what happens when you end up buying the advanced features of Power BI without knowing the derived value of it.To better dissect this, let’s assume that you have about 10 departments. And, you want to utilize and reap the benefits of Power BI across departments.
Will all the departments need all the features that Power BI offers?
Certainly not!
Then why invest in the advanced features for all of the departments?
You can choose to customize the usage depending on the departments. While some of the departments might want to create custom visuals and dashboards, others may only need a few data reports.
You need to align the user context with the value that each feature that Power BI offers. And believe us, this thing alone will solve your overpaying concerns.
You can also choose to hire Microsoft Power BI services from a recognized partner who offers scalable Power BI solutions. They can help you meet your data goals and also save costs for you.
Feeding the tool with the wrong Data
No matter how many advanced Power BI features you onboard to leverage if you feed the tool with the wrong data you are moving no further.Raw data is like a goldmine. The more you dig the more you get.
But, what if you are doing it all wrong?
Power BI enables you with capacities to process and create sense out of raw data. One important thing to understand here is, the more accurate and correct data you provide as input the more powerful and on-point insights you are going to extract.
Inputting inaccurate data is one of the biggest challenges that is observed after Power BI implementations. A helping hand in the name of a Power BI consultant can be helpful.
Certified Microsoft Power BI consultants can help you set up a clear data collection and data management strategy. With this, you can create the right input data and leverage Power BI features to obtain impactful insights.
Not measuring the Metrics in Time
What is the use of an investment in Power BI if you are not utilizing the insights to the fullest?Can you recall the times when you didn’t have access to the data and insights?
It was difficult to make decisions as there was no clear visibility of actions & consequences.
Now that you have invested in a powerful tool like Power BI that helps you create sense out of your data, and identify behavioral patterns, why would you not put it to use at regular intervals?
You are enabled to see the performance of all the departments at a glance using Power BI dashboards. Though, enterprises are opting to track these metrics on a quarterly or annual basis.
How on earth are they going to harness the power of data and put it to use?
Instead, what you should be doing is creating benchmarks for the ideal performance for each department. And, let Power BI visualizations fetch real-time data.
When you get the real-time data in action, you get to analyze where you are making mistakes and the room for improvement.
Analyzing, adapting, and improvising is the mantra to grow in this data age.
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