Integrating Power BI Dashboards for various business industry like Finance, Health Care, Manufacturing, NBFC, Entertainment, FMCG
What is Business Intelligence?
Business Intelligence is a technology driven process for analysing data and delivering actionable information which helps managers to make uninformed decision making. Organisation collect data from internal IT systems and external sources, prepare it for the analyses, run queries against data visualisation. The main aim is to increase revenue, improve operations, and gain a competitive edge over business rivals.
Microsoft introduces BI development witnessing a changing transformation. Power BI business analytics solutions that offers interactive visualisation and simplifies business intelligence. Business enterprise can create their own reports and dashboards. Currently 10k business enterprises are using BI technologies such as internet of things, Artificial Intelligence and others have fostered digital transformation. It is necessitating the need to analyse and share data insights in real time amid various departments of the company. It allows enterprises to be able to take quick at decisions based on the available data.
Power BI has also integrated with Microsoft Azure allowing business to leverage in cloud based analytics. It also helps to process complex data in a simplified manner.
BI is empowering the business to travel to the next generation platform. If you want to access a large volume of data in real time, generate reports and reap other benefits. It's time now to implement power BI.
Retailers Sector Gets Competitive Edge
The retail sector undergoes frequent changes. Retailers also have the challenge of fluctuating customer moods and expectations. Power BI allows customers to engage more with their favourite brands. It also helps brands to manage their data to enhance customer relationships. Power BI enables retailers to have an edge over its competitors with features like dashboard and real time customer insights. Business enterprises can keep a close eye on pricing, current inventory and stock and POS activity amongst others. You get access to -
Best quality product categories
Performance by sales managers.
Sales analytics and figures for year on year
Maximum sales by the product division
Addition or reduction of items from categories.
Manufacturing Run Operation Seamlessly
The manufacturer wants to streamline the entire process and escalate the manufacturing cycle. Just like retailers who have to cope with ever changing trends in customer demand, manufacturers need to monitor and collaborate to optimise the operational process through live data. With the help of machine learning technology, the manufacturing sector analyses the performance metrics in real time. Also it is efficient in manufacturing high quality goods. Power BI dashboard provides assistance in checking inventory levels and controlling and monitoring supply chain. View real time data from different sources on a single dashboard from any device. It shows the loophole which reduces the response time.
It helps manufacturing sector in following ways
Track record of balance sheets trends
Identify loyal and top customers
Monitor revenue
Analyse the YOY variation.
Benefits Insurance and Finance Sector
Finance and insurance companies have huge data gathered from various sources. If the organisation has the ability to secure and manage the data adequately, it can help the business to build customer relationships. Moreover, it can leverage other benefits. These include marketing products at a quicker pace, controlling costs, identifying opportunities and minimising risk factors. Cloud based systems and business intelligence dashboard tools help businesses securely connect with huge amounts of data.
Let's see how it is useful in the finance and insurance sectors
Streamlining the company finances and accounts
Monitoring the performance of branch
Accelerating the insurance claims settlements of clients.
Generate interactive reports in quick time.
Health Care Industry
Healthcare Business Intelligence benefits see being harnessed by different industries. The health care industry is not left behind. It is one of the fastest growing sectors to harness all the benefits of powerful data. Modern healthcare institutions are all driven by digital data which can be shared with much ease. Doctor's can access all important health parameters to make quick apt decisions during emergency cases. Power BI helps with key data insights which are available to healthcare management systems, electronic health records, and outdoor patient registration. This helps health care professionals go minimise treatment costs, improve patient services and abide regulatory compliance. The medical practitioners can keep an eye on patient’s current health status and monitor the progress in case of critical illness in real time. This helps reduce the risk, and save more lives in highly critical cases.
Education Industry
Education industry is not lagging behind - The education sector is also reaping the benefits of business intelligence. Educational institutes are taking important decisions based on data. This is where BI role comes into play. It helps the administration to get real tone insights on student enrolment, forming the school curriculum, monitoring the academic progress and so on. They are using a data analytics dashboard. Power BI solution helps to upload the data from the various departments which can be accessed by both- teachers and students. They can keep records of the students passing from the university each year. Moreover, the cloud based service will help in recruiting the best facility for a given position. Dashboards can help to simplify the board of the educational organisation. Different dashboard helps to solve the different needs -
Student dashboard.
Enrolment dashboard.
Course dashboard.
Tuition dashboard.
Banking and NBFC
Business Intelligence is responsible for enhancing banking operations like identifying patterns, analysing corrections, resolving issues in real time etc. Many financial institutions like Banks, NBFCs have started getting benefit from Business Intelligence. Through business real time business intelligence, business processing, information becomes convenient and decisions can be made faster with accuracy. They help the bank to detect the frauds, mitigate the risks, reduce costs.
New age NBFC are using technology more than ever in harnessing partnership ecosystems, creating lead generation, customer on boarding, underwriting, credit /loan disbursement and collection.
Entertainment Industry
Entertainment industry offer personalised content to the consumer. To ensure no cancel their subscription, they use machine learning based recommendation systems. Video streaming services also depend on BI. Scheduling is important as business intelligence helps to boost returns on marketing campaigns.
FMCG Industry
They are fast-moving industry that is highly competitive and requires keen business insight to stay ahead. One tool that is truly advancing the Sector is Business Intelligence. When it is being properly integrated, implemented, BI can have some amazing results on FMCG –
Optimise FMCG delivery networks
Improved warehouse management.
Faster supply chain processes.
More customer insights.
Targeted customer promotions.
Create products as per customer needs.
The main objective of implementing the Business intelligence Suite is to give value to different industries and clients across the board. Data has become extremely valuable and powerful in today's competitive world. They can also help to monitor upcoming opportunities and monitor the market progress.

















