Power BI is the new go-to must-have data visualization skill for 2023 and the knowledge of this tool can completely change the trajectory of your career. The change to Power BI is coming. Yes, we have heard it everywhere. But why is everyone switching to POWER BI? To answer this let us first get some overview of Power BI.
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What is Power BI?
Power BI is an interactive data visualization software product developed by Microsoft with a primary focus on business intelligence bridging the gap between data and decision-making.
Power BI is a business analytics solution that lets you visualize your data and share insights across your organization or embed them in your app or website. Connect to hundreds of data sources and bring your data to life with live dashboards and reports. Simply put, this application helps you combine data from different sources and systems and then shape and present it in a way so that you understand what’s going on in the business. They take ways from this data are identifying potential threats and finding more opportunities. Several tools have evolved in the BI space so why is Power BI so special?
Power BI helps in the following ways:
1) Sharing reports is easy: reports can be shared on all Microsoft platforms (Excel, PowerPoint, teams), and are compatible with multiple devices.
2) Saves Time: Power BI Implementations are fast. Power BI is easy to implement, learn and use and requires no coding background. Someone using excel can use Power PI
3) Eliminates Decision Paralysis: The agility and flexibility to create different numbers and types of tools and reports. (And not being limited by a number)
4) Power BI goes beyond the beautiful report, it goes into the details, creating tables, etc. which can further be drilled down for more details.
How is Power BI better than Excel?
Power BI has faster processing than Excel. Power BI dashboards are more visually appealing, interactive and customizable than those in Excel. Power BI is a more powerful tool than Excel in terms of comparison between tables, reports, or data files. Power BI is more user-friendly and easier to use than Excel.
Power BI is at the leading edge of innovation and is a recognized industry leader in Analytics and BI Platforms. Over 97% of Fortune 500 companies are using Power BI today, Power BI is helping customers large and small drive a data culture for everyone, in every decision, and at any scale.
As per research by Gartner in 2021, Microsoft was named a Leader in the 2021 Gartner Magic Quadrant for Analytics and BI Platforms, way ahead of other data visualization tools.
Power BI Roles and Salary trends:
Sharing an insight from our expert recruiters who work with Fortune 500 clients to find Mid-Senior leaders across various domains. There are four major profiles in Power BI, their experience and salary are mentioned below.
Analyst- with an experience of 1-3 years can land roles up to 9-12 LPA Fixed
Associate with an experience of 4-6 years can land roles up to 14-16 LPA Fixed
Lead Specialist/ AM/ Manager with an experience of 6-9 Years can get CTC of 17-28 LPA Fixed
Sr. Lead Specialist/ Sr. Manager with 9+ years can get paid in the range of 21-25 LPA.
5 Power Bi tips for better dashboards:
If you already know what we have shared about power BI, we share sharing away some must-know tips about Power BI to create better dashboards:
You can create Conditional formatting in charts by selecting the rules and logic to get better visualization.
Organize measures, in different tables and folders.
Use a custom image for the background. Add page navigation buttons to and from different pages for easier navigation.
Align objects on the dashboard automatically. Locking objects in a place for any unintentional movement.
Save the report as a pdf.
About Crescendo Global
At Crescendo Global, we help people & organizations find a common purpose. We specialize in Senior level and Leadership hiring for our clients across India. We have built a culture of people passionate about changing other people’s lives. We focus on employee growth & learning and believe in the power of teamwork to do great things. Here, you have the opportunity to have a greater influence than many individuals do in their lifetime. Crescendo Global takes pride in uniting people through celebrations.
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