{"id":11227,"date":"2022-01-18T19:09:34","date_gmt":"2022-01-19T01:09:34","guid":{"rendered":"https:\/\/threecloud.wpengine.com\/?p=11227"},"modified":"2023-09-18T16:51:54","modified_gmt":"2023-09-18T23:51:54","slug":"getting-roi-on-your-power-bi-data-strategy","status":"publish","type":"post","link":"https:\/\/3cloudsolutions.com\/resources\/getting-roi-on-your-power-bi-data-strategy\/","title":{"rendered":"Getting ROI on Your Power BI Data Strategy"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><span data-contrast=\"auto\">Data is the lifeblood of so many organizations \u2013 but it\u2019s also frequently a source of untapped potential. You probably know that with the right tools, your data could be used to streamline processes, cut costs, identify new sources of revenue, generate leads, and improve decision-making. But chances are, it\u2019s currently siloed and unconsolidated, which slows your ability to turn insights into action. Perhaps, like many companies, your data reporting is periodic and performed by a few key people, so most employees don\u2019t have access to the information they need when they need it. Instead of creating value, your data just creates more spreadsheets.<\/span><\/p>\n<p><span data-contrast=\"auto\">Enter Power BI. More than\u00a0just\u00a0a reporting tool, it\u00a0offers\u00a0you the ability\u00a0to integrate\u00a0a variety of\u00a0data streams and view them on a single dashboard, in real time.\u00a0Instead of stale data, you could be\u00a0giving employees updated information they can immediately use.\u00a0But achieving ROI isn\u2019t as simple as customizing a set of reports. In order to take full\u00a0advantage of Power BI\u2019s capabilities, you\u00a0need to build a data-driven culture.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><span data-contrast=\"none\">The Key to Getting the Most Out of Power BI<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/h2>\n<p><span data-contrast=\"auto\">Why start with culture?\u00a0There\u2019s no point in having an effective tool if you don\u2019t have a strategy for using it effectively. In the case of data, this means planning for how real-time, integrated data will drive decision-making at various levels of the organization. What will it look like when employees\u00a0are using\u00a0data\u00a0insights\u00a0to\u00a0enhance their work on a daily basis? How will this change\u00a0internal processes, day-to-day responsibilities, and\u00a0long-term planning?<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">To move from disparate data streams and\u00a0untimely\u00a0reporting to a fully data-driven company, you\u2019ll need to take the following steps:<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<ol>\n<li><strong>Find Out What Data Users Want And Need\u00a0<\/strong><br \/>\n<span data-contrast=\"auto\">In an ideal world, what metrics does your business team want to track in real time? What about finance, marketing, operations? What information will help\u00a0each person\u00a0perform their job more\u00a0easily and\u00a0more successfully?\u00a0Through\u00a0Power BI, you can\u00a0customize user dashboards so that individuals\u00a0on different teams\u00a0and\u00a0at\u00a0various levels have access to the numbers they need on a daily basis. But in order to create reports, you first need to know\u00a0what questions\u00a0each team and team member want\u00a0the data to answer\u00a0\u2013 and what\u2019s\u00a0extraneous. You\u2019ll want to meet with\u00a0a wide range of\u00a0data users and\u00a0gain\u00a0a comprehensive view of who needs\u00a0to know\u00a0what.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li><strong>\u00a0Understand Your Data\u00a0<\/strong><br \/>\nWhat data streams do you currently have? Where is your data coming from, what formats is it in, and how would you\u00a0like to integrate\u00a0various\u00a0data streams in order to\u00a0leverage insights? Chances are, you have data\u00a0coming in from and\u00a0stored in a variety of places, scattered\u00a0pieces\u00a0of your overall data puzzle.\u00a0Building\u00a0a data-driven culture\u00a0starts with\u00a0cataloging\u00a0your data and identifying\u00a0gaps.\u00a0What data are you gathering, and what kind of shape is it in? Before it can drive decision-making, your data needs to be accessible and high quality.<\/li>\n<li><strong>Empower Employees with Real-Time Insights \u00a0<\/strong><br \/>\nOnce you know what your teams need and what data you have, it\u2019s time to link it all together. Trained Power BI professionals can integrate your data, weaving disparate data streams into\u00a0powerful\u00a0reports that answer the questions your employees are asking.\u00a0Your employees can\u00a0then\u00a0access reports on their\u00a0personalized\u00a0dashboards,\u00a0getting\u00a0a streamlined, consolidated view of\u00a0the\u00a0information\u00a0they need. These reports can be customized\u00a0to\u00a0user preferences, secured to control\u00a0who can access which data, and enhanced with key metrics and color-coding for at-a-glance awareness of\u00a0the\u00a0situation.\u00a0Your goal is to put the right data into the hands of the right people at the right time, so they can see problems and opportunities as they emerge.<\/li>\n<li><strong>Create Structures for Data Governance and Continual Improvement\u00a0<\/strong><br \/>\nGetting the data together and in front of your people is\u00a0the beginning of an ongoing process of continual improvement. Your reporting\u00a0won\u2019t be able to answer every question from day one, so start with the top priorities. Hold regular meetings with your user community to assess whether they\u2019re getting reports that\u00a0empower\u00a0them to make decisions quickly and accurately. Think about staffing\u00a0for data management: who owns this process?\u00a0Will you need to\u00a0create new positions,\u00a0hire staff,\u00a0or perhaps build a dedicated data team?\u00a0You\u2019ll also need to focus on\u00a0data governance,\u00a0putting\u00a0policies in place to clearly define how data should be\u00a0cleansed,\u00a0stored, and secured. Careful\u00a0data management will allow you to get the most value out of your data.<\/li>\n<\/ol>\n<p><span data-contrast=\"auto\">As a data-driven company,\u00a0you can reduce dependencies\u00a0and\u00a0create\u00a0flexibility\u00a0across the organization.\u00a0We\u2019ve worked with teams\u00a0who\u00a0used the data we integrated to improve work ticket response times, identify drivers of customer retention, and reduce operational inefficiencies.\u00a0If you\u2019re excited about the possibilities of\u00a0Power BI but unsure how to integrate your data streams,\u00a0<\/span><a href=\"https:\/\/3cloudsolutions.com\/get-started\"><span data-contrast=\"none\">reach out today<\/span><\/a><span data-contrast=\"auto\">\u00a0to learn more about\u00a0unlocking\u00a0the value in your data.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Data is the lifeblood of so many organizations \u2013 but it\u2019s also frequently a&mldr;<\/p>\n","protected":false},"author":58,"featured_media":11464,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[260],"tags":[],"class_list":["post-11227","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-data-ai","topics-blog"],"acf":[],"_links":{"self":[{"href":"https:\/\/3cloudsolutions.com\/wp-json\/wp\/v2\/posts\/11227","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/3cloudsolutions.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/3cloudsolutions.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/3cloudsolutions.com\/wp-json\/wp\/v2\/users\/58"}],"replies":[{"embeddable":true,"href":"https:\/\/3cloudsolutions.com\/wp-json\/wp\/v2\/comments?post=11227"}],"version-history":[{"count":0,"href":"https:\/\/3cloudsolutions.com\/wp-json\/wp\/v2\/posts\/11227\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/3cloudsolutions.com\/wp-json\/wp\/v2\/media\/11464"}],"wp:attachment":[{"href":"https:\/\/3cloudsolutions.com\/wp-json\/wp\/v2\/media?parent=11227"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/3cloudsolutions.com\/wp-json\/wp\/v2\/categories?post=11227"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/3cloudsolutions.com\/wp-json\/wp\/v2\/tags?post=11227"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}