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As business environments evolve rapidly with information
technology development, the need for reliable and quick
decision-making continues to grow for entrepreneurs and
executives. In this context, Power BI plays a crucial role in
driving business success. Let's explain why through the following
key points:
1. Data Integration Capability
Power BI can extract and consolidate data from multiple sources
including Excel, SQL Server, SharePoint, web applications and
more, enabling comprehensive analysis. This improves
organizational data transparency and accelerates data-driven
decision making.
2. Visualization Features
Power BI offers diverse visualization options including graphs,
charts, interactive dashboards, stored data representations, and
various animated graphics that deepen user understanding. Users
can also customize visualizations and dashboard layouts according
to their needs.
3. Powerful Analytics Technology
Power BI provides high-performance analytics capabilities. Using
data models and DAX functions, it enables advanced analysis and
predictive analytics, helping identify business risks and
opportunities.
4. Collaborative Features
Power BI allows easy sharing of reports and analytics with others.
Team members can conveniently access and use accurate reports,
enhancing teamwork and knowledge sharing.
5. Flexible and Accessible
Power BI offers flexible working options. Users can access data
and perform analysis from computers, tablets or smartphones
anytime, anywhere, adapting to various business needs.
6. Research Capabilities
Power BI enables research analysis on project progress,
implementation, service quality and customer feedback,
significantly impacting organizational decision making.
7. Enhancing Business Strategy
Using Power BI helps organizations better understand and evaluate
business strategies, financial plans, marketing approaches and
customer behavior, creating long-term competitive advantages.
8. Research Analysis
Organizations using Power BI can easily track and analyze
constantly changing market information, gaining advantages over
competitors.
Conclusion
Power BI has become essential for Mongolian businesses to meet
growing needs, make capable decisions, improve operations and
implement strategic planning. Globally, Power BI enhances
workplace flexibility and becomes your best ally for fast, optimal
decisions. As Mongolia's #1 Power BI training provider, please
register through the following link if you wish to join our
course.
Microsoft Excel has undeniably dominated the business world for
over 40 years. Yet today many ask me: "Is Excel outdated?" Despite
new technological tools emerging, Excel remains a powerful
business tool. Let me explain in detail why.
1. Easy to Use, Widespread Influence
Excel is simple enough that most people can quickly learn and use
basic functions. That's why over 750 million people worldwide use
it. This means reports and calculations created in Excel can be
easily shared with minimal comprehension gaps.
2. Wide Range of Functions
From simple spreadsheets to complex mathematical analysis, graphs
and macros (VBA), Excel supports diverse operations serving
businesses from small to large corporations.
3. Offline Functionality
Unlike cloud-based systems, Excel works without internet, which
can be more reliable in certain situations.
4. Strong Integration
Add-ins like Power Query and Power Pivot have enhanced Excel,
enabling processing of millions of data rows. Dynamic Arrays
(Excel 365) made formulas faster and smarter. VBA (Macros)
automation makes Excel flexible like a "musical instrument." Its
integration with Power BI and Python offers additional
advantages.
5. Offers Ready Solutions
With 500+ templates for financial budgets, payroll, sales analysis
and more.
Now let's examine some current limitations:
1. Slow with large data.
Solution: Use Power Pivot or transition to Power BI.
2. Challenging multi-user
collaboration. Solution: Use Excel online or SharePoint.
3. Limited AI development.
Solution: Use Microsoft 365 Copilot or integrate with Python.
Notice how each limitation has a "but..." solution?
Conclusion: Excel remains a "GOLDEN" tool. While new AI-integrated
systems emerge for easier data analytics, Excel's integrations
have advanced to professional levels. We just need to improve our
skills in using it.
As Mongolia's #1 Excel training provider, please register through
the following link if you wish to join our course.