Power BI is a powerful data visualisation and business intelligence tool from Microsoft that enables companies to make data-based decisions. It offers a variety of functions ranging from data import and processing to complex analyses and the creation of interactive reports. In this article, you will find out what Power BI can do.
1. Data import from various sources
Power BI can import data from a variety of sources, including:
Files: Excel, CSV, XML, JSON, and many other file formats.
Databases: SQL Server, Oracle, MySQL, PostgreSQL, and more.
Cloud services: Azure, Google Analytics, Salesforce, and many more cloud-based services.
DATEV: Power BI can also be connected directly to DATEV to analyse financial data and accounting information in real time. This is particularly useful for companies that use DATEV as a centralised system for their financial accounting.
2. Data processing and transformation
Power BI has a powerful tool called Power Query that allows you to cleanse, transform and prepare data. You can:
Cleanse data: Remove duplicates, filter data and clean inconsistencies.
Transform data: Split columns, merge data, create new calculated columns.
Automation: Once data processing steps have been created, they can be saved and automated so that you do not have to repeat the same steps every time you update the data.
3. Creation of interactive dashboards
With Power BI, you can create interactive dashboards and reports to help you better understand your data. These dashboards are:
Interactive: Allows users to explore data by clicking and selecting.
Visual: Numerous visualisation types such as charts, maps, tables, and more.
Customisable: Users can customise dashboards to meet their specific needs.
4. Real-time analyses
Power BI offers real-time analyses that allow you to see current data directly in your dashboards. This is particularly useful for business units that need to make quick decisions. In conjunction with DATEV, for example, you can get real-time insights into your key financial figures.
5. Share and collaborate
With Power BI, reports and dashboards can be easily shared and collaborated on:
Internal sharing: Within your organisation, you can share reports with colleagues and work on them together.
External sharing: You can also share reports with external partners or customers.
Security: Power BI offers security features to ensure that only authorised persons have access to confidential data.
6. Advanced analyses with AI and machine learning
Power BI also offers advanced analytics capabilities:
AI visuals: Power BI includes AI-powered visuals such as automatic clustering and trend analysis.
Integration with R and Python: For data scientists, Power BI enables the integration of R and Python scripts to create complex analyses and visualisations.
7. Automatic report updating
A big advantage of Power BI is the ability to automatically refresh data sources. You can set up refresh schedules so that your reports always contain the latest information. When integrating with DATEV, you can ensure that your financial reports are always up to date.
Conclusion
Power BI is a versatile tool that covers everything from processing and analysing data to creating interactive dashboards and reports. The ability to connect Power BI with DATEV makes it an invaluable tool for organisations that need in-depth insights into their financial data. Whether you want to analyse data from DATEV or other sources, Power BI provides the flexibility and power to make informed, data-driven decisions.
Our solution: If you need help integrating DATEV with Power BI, visit our website for more information and professional advice.
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