Business Intelligence Tools For Acquiring An One-upmanship – Do more with less using an end-to-end BI platform to create a single source of truth, uncover more powerful insights and translate them into impact.
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Business Intelligence Tools For Acquiring An One-upmanship
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Modern, Open, Enterprise Bi Platform
Reduce the added cost, complexity and security risk of multiple solutions with an analytics platform that scales from individuals to the organization as a whole.
Find and share meaningful insights with hundreds of data visualizations, built-in AI capabilities, tight Excel integration, and pre-built and custom data connectors.
Swiggy, India’s leading food ordering and delivery platform, implemented Power BI to track near-real-time metrics across their rapidly growing business, enabling data-driven decision making.
Dairy company Fairlife reduced the time it took to generate key metrics reports from nearly seven hours to near-instant using a single source of truth with constantly updated data.
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Hendrick Motorsports uses Power BI to generate pit performance reports within minutes of the race, instead of waiting up to two days before, for more timely pit stop feedback.
Professional services firm Grant Thornton created a portal for customers to view Power BI content using Azure Active Directory B2C, so now their customers have self-service access to financial insights.
PwC uses Power BI and Azure Synapse Analytics to create reporting and analytics solutions that can be tailored to their clients’ needs, saving time and computing resources and providing deep insights.
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Learn how businesses are driving revenue, cost savings and productivity in the Total Economic Impact™ study commissioned by Microsoft PowerBI conducted by Forrester Consulting.
“It’s gotten our key decision makers out of the weeds by giving them the metrics they need to do their jobs, and not having to crunch data to get answers. Flexibility, interactivity … just go in.”
“I enjoy opening stories with people’s data that they never knew existed. Power BI has given us the ability to easily visualize our data and automate a lot of setup and reporting.”
“Power BI helps me accelerate iteration and implementation, creating robust and scalable solutions for a wide variety of industries.”
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“It’s very fast for someone with no or little experience or technical background to pick up tools and start creating something—that changes the way they do their own work.”
Build powerful end-to-end business solutions by connecting PowerAutomate across Microsoft PowerPlatform—and to Microsoft365, Dynamics365, Azure, and hundreds of other apps—to drive innovation across your entire organization.
Build apps in hours—not months—that easily connect to data, use Excel-like expressions to add logic, and run on the web, iOS, and Android devices.
Include powerful workflow automation directly in your apps with a no-code approach that connects to hundreds of popular apps and services.
The Domo Business Cloud
Quickly build and launch custom low-code business websites—consolidate your data and connect customers to important information and services.
Connect and analyze your entire data estate by combining Power BI with Azure analytics services—including Azure Synapse Analytics and Azure Data Lake Storage. Analyze petabytes of data, use advanced AI capabilities, apply additional data protections and more easily share insights across your organization.
Discover helpful tips and advice from the Power BI team by connecting with members of the Power BI community around the world.
Connect with a Microsoft PowerBI expert or partner to learn how to use insights to grow your business, answer pricing and licensing questions, or provide free demos and trials. We will contact you within two business days.
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Access self-service analytics to visualize and share insights with a Power BI Pro license for $10 , per user, per month. The customer is always right. That’s the first rule of the retail industry, right? But how do you know what your customers want, even before they do, and make sure they are satisfied? After all, customer demand is constantly evolving with new trends emerging every day. That’s where business intelligence (BI) comes in. BI is a small tool to analyze your business and deliver the results you need. So, how is business intelligence changing the retail industry? And, what can we expect from the future of smart retail?
Simply put, business intelligence is a powerful tool that companies use to understand their target customers and market better. Otherwise known as BI, this software takes raw data and turns it into valuable information. This is then turned into actionable insights that lead to future business decisions.
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To understand the value of BI for retail businesses today, we only need to ask one simple question: which of the following is an example of the impact of technology on the wholesale/retail trade industry?
We will give you a hint. One is a company with a market cap of over 1.5 trillion USD, and the other is a nostalgic memory from the past. The difference? One focuses on the future, the other only looks at the current market. The results speak for themselves.
Today’s business intelligence tools provide companies with new opportunities and allow them to leverage data not only to forecast current sales but to see future potential, trends and understand customer demand at a deeper level. But how does BI work and why is it so effective?
One does not just BI and win. Benefiting from the implementation of BI tools can only be achieved when the application of business intelligence in the retail industry forms an integral part of the company’s overall BI strategy.
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From products to inventory management, sales, marketing and beyond, a business intelligence solution should underline everything. It helps develop closer customer relationships that are essential for mastering marketing and predicting future trends. Below are some important techniques that BI has at its core.
Visualization of data analysis. It’s all about how you view your data. Data analytics visualizations present data in dashboards and use custom metrics relevant to your retail company to make informed decisions faster and based on facts. Additionally, BI tools can be embedded into your existing applications to empower users with instant access to data.
Reporting. When the bottom line is financial, keeping your business in the dark is essential. BI tools for reporting gather data from across your company and process it to enable data analysis and reporting and make better financial decisions with a calm and rational mind.
Predictive analysis. How do you know a strategy will work? Actually you can’t, not 100%. However, with business intelligence, you can make evidence-based decisions to drive the business further. BI allows you to analyze data and make reasonable guesses on the latest trends and customer behaviors that drive sales and impact the company’s future growth.
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But, most importantly, all that data tells you one important thing – all about your customers and your market. This is what the statistics mean.
Your customers are individuals. They are not statistics. Not a market segment. And not a group. In today’s market, they expect to be treated as such. Brands that can leverage personalization and good customer service can deliver 5.7 times more revenue than competitors.
But how do you know who your customers are and what they want? This is where business analytics steps forward. It enables retail companies to absorb vast amounts of data about their business and customer data – from sales to market trends, consumer behavior and needs, and more – and use BI to transform it to tell meaningful stories.
Stories are what help you connect with your company – your customers. After all, don’t you think your product or service is good. It is how well your customers think of your product or service.
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Instead of just witnessing how business intelligence is changing the retail industry, become an active player in the process. With technology, your employees will be able to rely on meaningful information when making decisions, uncover pain points in your business processes at an early stage, gather data about your customers from heterogeneous sources to create deeply personalized offers and identify the most suitable for connecting with every user.
Data is not just numbers. It is a behavior. By engaging with data in a meaningful way, businesses can better understand their market and capitalize on it. Using all that big data and turning it into actionable steps that are easy to digest allows retail companies to plan and strategize more effectively based on real market needs, not perceived ideals.
No business strategy is perfect from the start. What is important is to identify and eliminate such errors early. BI solutions empower companies to continuously assess how their business operations are performing to gain operational efficiency. By identifying pain points early, these can be quickly eliminated, and improvements made.
Business is driven by market demand. If there is no demand, all you have is a hobby,
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