Business intelligence (BI) is the main key component in the drive to be agile, effective, responsive and competitive. As businesses grow day by day, it becomes so difficult to manipulate, manage the data that is generated or captured regularly. This will create a road block for data driven enterprise organizations, who want to harness their collected data or information for driving business decision making successfully. Also, the biased reporting structures and soiling effect across enterprises create circumstances, where the main key decision makers are forced to take decisions based on partially correct information or data.
This is why the successful business intelligent systems are most welcome to a great extent. By using an analytical system to efficiently analyze data helps an enterprise organization to discover or to find useful information, new opportunities, propose conclusion and support improved decision making.
Microsoft with its established track record in the technology field has come to the up front with the introduction of its Power BI (Business Intelligence) and compelling analytics tool. This report generating tool allows enterprises to easily analyze and visualize their enterprise information to transform their operations.
A Smarter Solution
Power BI is a cloud based solution tool that requires no principal investments or infrastructure support regardless of the size of an organization or business. The modern iteration of the tool is free from legacy software constraints and its users do not need any specialized training in order to generate business intelligence insights. Typical of all Microsoft cloud services, Azure cloud services, Microsoft cloud computing solutions and implementation of Power BI embedded is quick and trouble free.
Here are some of the esteemed competences of Microsoft Power BI tool:
- Easily integrates with existing applications: Power BI integrates seamlessly with your existing enterprise application or business environment allowing you to take advantage of reporting and analytics capabilities. Microsoft Azure Cloud professionals can also help you in integrating this intuitive and advanced tool to embed interactive visuals in your enterprise applications easily.
- Rich customized dashboards: The most important feature of Microsoft Power BI is the data or information dashboards, which any enterprise can customized as per their need and meet the exact needs. You can embed the BI reports and dashboards in the enterprise applications easily to provide a unique user experience.
- Publish reports easily and securely: This BI tool helps you to publish reports allowing all the users to avail the latest information and setup automatic data refresh.
- No speed and memory constraints: Shifting from an existing Business Intelligence system to powerful, enhanced cloud solution with Microsoft Power BI embedded eliminate speed and memory constraints and issues by ensuring data is quickly analyzed and retrievable.
Check out how a water Utility organization and fast growing manufacturing company leveraged Microsoft Azure Power BI in their Analytics solution for visuals and interactive reports from the information generated by 700,000 IoT (Internet of Things) based smart meters. These enhanced reports in helping the utility users or customers and the operations team realize the water usage pattern in order to supervise their water consumption need on daily basis.
- No specialized technical support required: Microsoft Power BI provides agile analysis and inquiry, solutions without the need for specialized professional technical support. It supports the use of intuitive graphical designer tools and a powerful natural language interface to use.
- Extracting business intelligence accurately and rapidly: It helps in transforming your enterprise valuable data into customized reports and rich visuals, thus extracting enterprise business intelligence for enhanced better decision making.
- Balanced performance and simplicity: The DAX (Data Analysis Expressions) scripting language and in memory analysis technology are both the examples of a balance between performance and simplicity.
Rendering Power to Business Intelligence
Management team that identifies the significance and core value consequence of cutting edge company brainpower will craft a business to stand the test of time. The quality, performance and speed of an Enterprise’s BI systems can make or smash the lengthy achievement of any business.
Universal power demands are set to surge till 2040 by as much as 37%, according to the International power organization. As Utilities are determined to meet up the inflating burden to distribute additional reasonable, safer, sustainable and consistent services, they will require optimizing their operations & industry practices to gain greatest expenditure settlement.
Though, in offered surroundings of enlarged requirements and heaviness towards power conservation, attaining this assignment seems like an enormous task. The previously getting old infrastructure of tools and utilities is flat to impulsive failures and laughable decisive continuance makes one speculate how tools will work towards achieving this immense objective in the years to come.
Hence, as a benefit for these organizations, the latest technologies and analytics platform can help them accomplish this relatively unfeasible assignment in a very squat extent of time. An Analytics explanation brings with itself sprightly capabilities to let loose significant insights, provide superior visibility, get better consumer satisfaction, quality dependability and decrease equipped expenditure.
Why Do Utilities Need Analytics?
Utilities and tools deal with several assets and big infrastructures that are massive, diverse and geographically widespread, which generates huge amounts of valuable information and data on a daily basis. This stored valuable data and information is presently not being utilized to optimize utility utilization, control maintenance, realtime present issues and prevent outflow or consumption of convenience and billing supervision.
Also, if utilities are equipped with an ability to predict failure of their existing infrastructure, then they can perform any necessary maintenance activities before it is actually required. Further, more envisage if setting up for maintenance happens at a very early stage, then, there would be no need to compromise on service delivery and customer satisfaction.
Though, this stage of effectiveness and prudence is likely only with latest analytical tools and utilities have to approve this quickly emergent expertise for the betterment of their operations and activities as well as their clients, consumers, customers and end users. Tools can influence a real-time chronological analytical method for pulling out presented information sets in categorize to take out consequential patterns, such as antenna appraisal that point to impending breakdown of an infrastructure constituent. This projecting examination can help them fabricate and harmony prophetic models for conversant conclusion production.
Analytical Solution for Utilities – A speedy rising developed and water utility business deploys Azure determined analytical clarification that reveals decisive production insights for the tools and utilities and its customer base. The organism generates predictive and realtime analytics from the information generated by 450000 Internet of things based elegant meters.
In accumulation, realtime streaming analytical is also of urgent attention to tools and utilities as it offers realtime insights on tools expenditure for clientele as well as the operational group. They can obtain insights on customer KPIs from realtime information and help consumers appreciate their burning up pattern. An analytical elucidation can also sprint announcement engine that alerts and notifies clientele on over utilization, revealing of seepage, deception, consumption etc. Thus, optimizing tools usage helping those takes superior decisions towards energy management.
Should You Build Your Own Platform?
Creating a proprietary and in house analytical proposal can be a multifarious process and an enormously costly endeavor with no agreement that the outcome will be considerable or better than using a third party analytical platform. Increasing business brainpower around the information generated by internet of things belongings such as stylish meters, home computerization systems, sensors or internet of things enabled things is additional challenging.
Rather, tools and utilities can acquire the advantage and benefits of ready to use analytical channels to get in progress and develop benefits. Tools and utilities can even decide to work together with a trusted and established analytical partner or request recommendation from informational analytics consultants, to maintain sideways the problems of processing and exploitation of the information collected. They can stay focused with the billing administration, consumer service and optimizing prepared responsibilities.
Calling On Cortana Analytics
The origin of cognitive computing as exemplified by Microsoft Cortana Analytical channels is an innovatory improvement for all production sectors as well as tools and utilities. It has the prospective to revolve extremely complicated information into simpler, comprehensible, understandable and actionable information and that will attract more users. Microsoft’s Cortana astuteness group brings together a package of data analytical services, which complete definite functions to bring jointly, sort, separate and examine enterprise information for enhanced and conversant resolution creation. This turn helps tools and utilities to build a energetic and proficient system and also helps them stay ahead of the competition.
An Advanced Analytics solution, TEAP (Tplex’s Energy Analytics Platform) built using Microsoft Cortana Intelligence Suite is one such answer that can help utilities and tools to unlock all the critical business insights from their obtainable information. It has been planned to help the tools and utilities to preserve energy and sponsor customer awareness, by enabling clever, result oriented and mindful actions and insights from their existing energy utilization information.