Power BI vs Excel is one of the questions that have been asked frequently lately; therefore, today we’d like to discuss our opinions about using Microsoft Excel and Power BI to help businesses.
Both tools are extremely beneficial It’s therefore essential to be aware of where each is most effective and how to use each to benefit you in making, sorting, analyzing and visualizing information.
What is Microsoft Power BI Used For?
Power BI can be described as a well-known business software for business intelligence which lets users build interactive dashboards as well as reports along with data models.
The visualizations of data generated by Power BI are able to be distributed with a group or an organization in order to make educated decisions in light of the analysis.
The other Power BI uses include:
- Creating interactive dashboards
- Data models and building reports
- Visualizing data
The most important features are real-time data updates through live connection, capacity change data into a format, calculate fields, and so on.
Utilizing Power BI in your commercial purposes is a good option if you’re trying to start with visualization of data and data analytics. It is very easy to master with a basic training or Power BI Course available on internet.
What is Microsoft Excel Used For?
Microsoft Excel is used for statistical analysis, data analysis and spreadsheets. The program was designed to offer users the ability to perform complicated calculations easily.
There are many uses of Excel that are specific to particular industries as well as personal projects. But, the most common applications for Excel in the business world include:
- Finance and accounting
- Management of inventory
- Management of projects
- Analysis and collection of data
Microsoft Excel is a great business tool due to its easy to use. It lets you use it to work with data in a short time and is also able to be used offline or on mobile devices to make it easier.
3 The key differences between the Power BI and Excel
It’s crucial to know it is important to note that Power BI and Microsoft Excel are different software each with its distinct strengths. Power BI is great to visualize data and share reports and Power BI dashboards, whereas Excel has more flexibility regarding formulas.
There are three major distinctions in Microsoft Excel and Power BI to think about.
1. The Power BI Benefits against Microsoft Excel:
Power BI is an extremely scalable and flexible data visualization tool that allows you to create interactive reports. In its purest sense, Power BI can be described as a Excel-like reporting platform.
However, Microsft Excel has been an effective tool to create and manage spreadsheets, charts , and formulas since it first came out in 1985. Microsoft Excel is the most frequently used data analysis tool in the present day across all industries due to its efficiency, simplicity and accessibility.
2. Power BI Vs Excel Pricing
The cost of Power BI is based on how many projects you require as well as the processing power you’ll require to analyze and present your data. There are four different Power BI plans to pick from, which include:
- Power BI Pro Free Trial
- Power BI Pro – $9.99 per user, per month
- Power BI Premium Per User – $20 per user, per month
- Power Bi Premium Per Capacity $4,996 per capacity per month
Excel is part of Microsoft’s Microsoft 365 Business Standard package for PS9.40 per month for each user. There is also a range of other applications, such as Outlook, Word, Teams and Exchange.
3. Skills Required to Use Power BI and Excel
Power BI is easy to use even if unfamiliar with the tools to visualize data all you need just connect various datasets and it will instantly begin to visualize the data.
It’s so easy to learn that users can build self-service business intelligence tools to their coworkers , without needing special programming skills or experience with costly tools like Tableau.
Everyone should be able to make use of Excel and it’s simple to master the basics when you locate the best Excel training course. Once you’ve mastered the basics The sky is the limit however, ongoing training as well as refresher courses are generally needed, not the least as Microsoft Excel frequently gets new versions and new functions.