01 May Will Microsoft Power BI replace Excel?
With the arrival of Power BI we are not all going to say goodbye to Microsoft Excel. However, things change. For example, we do not need to make use of all kinds of Add-ins in Excel. Power BI is intended to act as a self-service analytics hub, thus becoming the key to viewing and analyzing data.
In recent years, Microsoft has invested heavily in using Excel as a Business Intelligence tool. With the various Add-ons, that works very well. Even though Excel with all those additional plugins is an expensive program, you need the Office ProPlus or Office 365 E3 license for that functionality. The plugins associated with that license will make the options more powerful. Many people can work with Excel effortlessly. This is only done with tools such as Power Query, Power Pivot, Power Map and Power View. Cleansing data, searching and filtering millions of rows of information and making visualizations is easy with these tools.
However, it is quite complex because you have to take care of the data model behind the reports. You need to know where to get the data. Hillstar’s Business Intelligence solution is different. Because we ensure that all data is already structured and cleaned in the Data Warehouse, Excel only needs to display the fields.
You do not have to build any data models yourself. This will benefit if you continue to use Excel as a BI tool, but also when you choose Power BI. Power BI also extracts the data from a source, so you need to know if you are using the correct source with the correct definitions. Definitions, rights and, for example, KPIs are therefore embedded in a Data Warehouse.
Business Analysts want the freedom to put a report together and thus answer their question. Now it is often difficult and they need someone from the IT department for that. That stops when you use the right resources. Power BI, the Data Warehouse and the correct BI-strategy ensure a high user adoption. At the core, it’s the value you get from data. Questions asked should be answered simply and quickly. Therefore, it’s important that you choose a strategy. Users of Business Intelligence Solutions often use Excel to assemble small ad hoc reports.
Will Microsoft Power BI replace Excel?
Returning to whether Power BI will be Excel’s replacement, we can assume that this depends mainly on the strategy you want to handle. If you want to use the value of data that is fixed in an ERP system and other data sources, it’s smart to choose for Power BI. In that sense, Power BI is also a replacement, as it contains approximately the same functionality as Excel with all plugins that are now available. It is only a matter of lower costs and a simpler way of working.
However, if you received a list of sales in a particular store in Excel, and if you want to report it as soon as possible, Excel will still be the program you can do quickly. Conclusion: Power BI is the replacement for your daily actionable reports that help you get quick insights without a lot of trouble. For ad hoc reports, keep working with Excel!