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The growth of a business increases the amount of data generated making the management of such data quite hard. This creates a barrier for enterprises that use data to make decisions. This is because the best business decisions ought to be guided by correct data, especially as the business grows. Power BI can come in handy in such situations.
Here are the 4 benefits it brings to your business:
1. Makes data more accessible
Power BI is a great way to transform big data into visualizations which are insightful and absorbable at a glance. Additionally, the design of Power BI aligns with various Microsoft software like SQL, or SharePoint documents. You will be able to connect to about 60 software that most businesses use such as Google Analytics, SAP, Salesforce, and MailChimp among others. With such a wide application, it becomes easy to pull data into a central and easy-to-digest dashboard.
2. Easy to implement
The implementation of Power BI is easy –you only need to incorporate a few IT or engineering resources. There are also instances where you do not need any IT applications at all. All that your managers will do is have an API key that they can use alongside the Power BI software. In case you already have Microsoft systems such as Office 365, you will find it natural to use this software as it aligns well with Microsoft Teams and Office 365 Groups. In addition, implementation of the Power BI software requires little capital and less extensive training, which makes it highly beneficial for any organization that implements it.
3. Strong security and access control
Many organizations use Active Directory (AD) especially if using other Microsoft solutions. Similarly, the access control of Power BI is set via the AD. Nevertheless, the Power BI software is a bit different in its level of security. With its row level security, managers can choose when to grant or rescind access to certain data. Further, automation of the Power BI software makes it easy to restrict access to particular data to specific team members. This makes it easy to enhance confidentially where needed which makes data secure and improves the usefulness of your organization’s reports.
4. Simple learning curve
The fact that most people are familiar with a majority of the Microsoft products in use in the organization is an advantage on the use of Power BI. The reason for this is the fact that the majority of these users in the organization will find the Power BI ribbons, as well as several other interface elements quite easy to adopt and use. There are also a number of ideas for Power BI users.
The benefits of using Power BI in a growing organization are numerous. With its simplicity and compatibility with major Microsoft software, it makes it easy for any user to make use of the Power BI services immediately. Its capacity to export data easily to other systems such as Excel is a great addition.
The European Union (EU) is composed of over 508 million people, and was developed to maintain a strong political and economic unity amongst 28 countries. The European Union (EU) was designed to connect the included European countries through a legislative, political, and trading dynamic, which benefits each of the countries within a fair, profitable system.
From laws to trading policies and development, the EU offers financial stability and democratic freedoms and rights for international trading, contributions, and benefits globally. With a stake of over 7% of the world’s total population, it is understandable why the EU is so valuable to the stability of its countries economics, political governess, international impact, development, and relations.
Annually, the EU reaps a Gross Domestic Product (GDP) of around $18 trillion US dollars. This equates to 24% of global nominal GDP, and a purchasing power parity of over 17%.
It is therefore understandable why and how the most recent “Brexit” move by the United Kingdom will likely have, at least in the short-term, such devastating economic impacts in some areas (purchasing power and dollar value), and profitable benefits in others (reduced tourism and estate rates or pricing). All of these variables, in consideration of its citizens, global investors, and foreign visitors or businessmen contribute greatly to the United Kingdom’s economy and purchasing power.
What the “Brexit” Means for Foreign Investors
As the value of the Great British Pound (GBP) decreases or fluctuates erratically because of current economic concerns of instability and uncertainty, lenders both locally and internationally are changing their policies and approach towards the United Kingdom and financial endeavours.
Major lending institutions overseas such as the Singapore United Overseas Bank (Southeast Asia’s third largest) are taking new steps such as halting the ability to take out loans or mortgages on homes within the UK, as well as many others. Many citizens of the United Kingdom are in turn pursuing popular “Payday Loan” options as a temporarily alleviation of economic crisis.
While the borrowing and estate market might be in the (long-term) favour of both lenders and borrowers, due to uncertainty, many of these institutions, including the DBS and OCBC are avoiding or pulling out altogether - at least temporarily.
These major lenders and banks located throughout Singapore and Asia are very hesitant to give out loans for UK projects, warning their borrowers of the current economic instability, and lack of ability to project likely yields and profits in investing in UK-based estates. On the flipside however, most of these major (Asia-based) banking institutions and lenders have not completely halted their programs for lending for business project loans and development - however remain weary moving forward, as the Sterling Pound (£) falls 10% under the Singapore dollar.
Global Options and Conclusion
Although not all lending institutions are backing out or moving away from lending US dollars and other currencies to support loans and investments in the UK, the amount that have will dramatically impact the stability of the Great British Pound (GBP), likely towards a direction of continued value-regression.
Moving forward, British students that have expatriated to other EU states for the sake of learning may experience a future inability to receive UK approved student loans. Citizens, if negotiations with the EU fail, might also experience a lack of accessibility to their pensions and health benefits as they have enjoyed the freedoms and benefits of to-date. That is, if they currently or plan on continuing to live in these EU connected countries.