In how many formats Power BI is available in the market?5 answersPower BI is available in multiple formats in the market. It is accessible through Power BI Desktop, which offers a wide range of visual possibilities such as chart types, gauges, tables, cards, tree maps, and decomposition trees. Additionally, Power BI is also available as an online service known as Power BI Service, which is a cloud-based Power BI Server in the Microsoft Azure cloud, enabling users to search for data, transform it, visualize it, and share reports and dashboards with others. Furthermore, Power BI connectors are available for numerous data sources, allowing users to connect to various data repositories for analysis and visualization. Overall, Power BI is versatile and adaptable, catering to different user preferences and needs across various platforms.
How can Power Bi change things ?5 answersPower BI has revolutionized business intelligence, data visualization, and analytics. It allows users to search for data, transform it, visualize it, and share reports and dashboards with others. The Quick Insights feature in Power BI automatically generates reports based on data analysis, reducing human errors. Power BI is also mobile-friendly, allowing access to data and analytics from any location. It is predicted that the mobile BI market will be worth over $20 billion by 2024. Power BI can quickly transform research data into shareable analytical reports and dashboards. It is a powerful tool for decision-making, budget management, and improving healthcare systems. With its ease of use and advanced analytical algorithms, Power BI is a valuable platform for research data analysis.
How can business intelligence be used to improve decision-making in management accounting?4 answersBusiness intelligence (BI) can be used to improve decision-making in management accounting by providing intelligent and accurate information to decision-makers. BI helps in revealing an organization's position in comparison to competitors, market conditions, and future trends, and presents demographic and economic information. It enhances decision-making support by ensuring that decision-makers receive the right information at the right time in the most appropriate format. BI techniques, such as real-time analysis and data mining, enable timely and effective financial information to be provided to business managers. The use of a business intelligence-based model in management accounting information systems can help control the flow and resources of business information within and around the organization. By harnessing data and providing insights, BI enables organizations to make informed decisions, improve information accessibility, and ultimately enhance productivity.
How does power affect the decision-making in organization?5 answersPower has been found to have a significant impact on decision-making in organizations. Research has shown that individuals with high power positions in organizations tend to make better decisions compared to those with low power positions. This effect of power on decision-making is independent of factors such as fatigue, alertness, effort, and physiological arousal. Decision-making processes in hierarchically organized groups, especially in managerial decisions, are influenced by power and can lead to a decrease in the quality of decisions. The sense of power level and social norms have been found to influence decision-making behavior, with higher power individuals using more force and lower power individuals relying more on legitimacy to satisfy their needs. Experiencing power has also been linked to overconfident decision-making, which can result in monetary losses. Power makes individuals more self-focused, leading them to act upon their preferences and disregard ethical social influences in organizational environments.
Why power bi for manufacturing?5 answersPower BI is used in manufacturing because it helps optimize manufacturing processes and reduce costs. By using simulation tools like Tecnomatix Siemens PS software, energy consumption in machining operations can be analyzed and minimized. Additionally, Power BI can be used to monitor power consumption, which is a significant factor in industry costs. It also enables the creation of digital twins, which can be used for case studies and optimization using the Design of Experiments method. Furthermore, Power BI can assist in decision-making throughout the product manufacturing life cycle, including design, planning, production, distribution, field service, and reclamation. Overall, Power BI provides valuable insights and analytics that can help manufacturers make data-driven decisions, improve efficiency, and stay competitive in the industry.
What are the system requirements for power bi?18 answers