How to Choose the Best Power BI Consulting Company?

Ever wondered why modern-day businesses are so focused on data and information? They rely extensively on data to make decisions that propel the business forward.

To gain insights from data, businesses rely on data analytics and business intelligence technologies. Examples of business intelligence (BI) tools are Power BI and Tableau.

As a result, businesses hire Microsoft Power BI consultants. Some businesses have in-house teams of BI consultants and data scientists. Other businesses prefer to hire external BI specialists.

BI consulting companies offer data analytics to businesses of all sizes. BI consultants empower businesses to employ data-driven approaches and insights.

In this article, we will learn what power BI is. We will also learn why hiring a Power BI consulting company is a great move.

We will also find out what a Power BI consultant does. We will then know the benefits of working with a Power BI consulting company.

We will finally identify the best Power BI consulting company.

Table of Content:

1. What is Power BI?
2. Choose a Power BI Consulting Company
3. What Does a Power BI Consultant Do?
4. Benefits of Working with a Power BI Consulting Company
5. Best Power BI Consultant Company
6. Why Choose Us?
7. Wrap Up

What is Power BI?

Power BI is a business intelligence suite and data visualization tool. It enables users to connect to and visualize data from multiple sources. Users can also convert raw data into actionable insights and generate interactive reports and dashboards.

Power BI is available in three versions: desktop, web, and mobile.

Some key features of Power BI are:

• Data visualization
• Data connectivity
• Data sharing and collaboration
• Natural language querying

Power BI enables users to make informed decisions by converting raw data into meaningful insights.

Why Do We Need to Choose a Power BI Consulting Company?

Choosing a Power BI consulting company is a strategic investment for any business. It can help you get the most out of your Power BI investment.

A Power BI consulting company can help businesses get the most out of using Power BI.

Here are reasons why you should consider partnering with a Power BI consulting company:

• Expertise: Power BI consultants have the knowledge to use Power BI effectively.
• Customized Solutions: Power BI professionals can create solutions that are tailored to your unique business needs.
• Cost Savings: Consulting firm experts can help you avoid errors by ensuring the effective use of Power BI resources.
• Focus on Core Competencies: Power BI consultants handle all BI-related work. This can help your company focus on core capabilities and strategic goals.
• Security and Compliance: Experts come up with security measures to protect sensitive data and ensure compliance with regulations.

What Does a Power BI Consultant Do?

A Power BI consultant is a professional with specialized knowledge of Microsoft Power BI. They help businesses analyze data to gain insights that help them run their daily operations. They can work as individual consultants or with a Power BI consulting company.

Here is an outline of what a Power BI consultant does:

• Understanding the business goals and data demands
• Data preparation and integration
• Data modeling
• Creating dashboards and reports
• Data visualization
• Query optimization
• Ensuring data protection and compliance with industry regulations
• Documentation
• Integrating Power BI tools with other tools
• Troubleshooting and support
• Strategic guidance
• Cost optimization

A Power BI consultant acts as a guide in supporting organizations in realizing Power BI’s full potential. Their knowledge ensures that data is translated into useful insights that enhance data-driven decision-making.

Benefits of Working with a Power BI Consulting Company

Power BI consulting companies benefit businesses looking to effectively use Power BI for data analysis and reporting.

Here are the benefits of working with a Power BI consulting company:

• Artificial Intelligence (AI) and Advanced Analytics

BI consulting companies have experts on their teams who can work with AI for advanced analytics. Your business can leverage predictive insights generated from AI models. This can give you a competitive advantage.

• Data Integration

Consultants can help you streamline your data integration processes. They can collate data from different sources, creating a centralized database. This increases data accessibility and makes data analysis easier.

• Scalability

Power BI experts can help you scale your data analysis. They can develop solutions that can accommodate large volumes of data as well as analyze complex data.

• Quality Assurance

Consultants conduct extensive testing and quality assurance. This ensures that your Power BI solution works reliably and provides accurate insights.

• Strategic Guidance

BI consultants guide companies on how to align their goals and objectives with Power BI. This makes it easy for them to achieve their goals.

• Troubleshooting and Support

Power BI consulting firms can provide continuous support. This ensures seamless data analysis. In case of BI-related issues, they can jump in to help and quickly fix the problem.

Best Power BI Consulting Company

Many businesses today make decisions based on data. This allows them to stay relevant and up-to-date in a competitive market. Therefore, choosing a business intelligence consulting company that suits your business requirements is vital.

One of the best Power BI consulting companies is ChartExpo. We are consultants who can assist you in transforming and empowering your business.

We accomplish this by ensuring that you unlock the full potential of your data. We don’t just integrate Power BI. We create data strategies tailored to your specific business goals. We are made up of a team of experienced data analysts, engineers, and visualization specialists.

What We Offer

Our offers include:

1. Building Power BI Custom Visuals. We build visuals that tell comprehensive data stories, allowing you to identify patterns and trends. Our visuals are easy to understand for both you and the intended audience.
2. Creating Power BI Dashboards. We design visually stunning, user-friendly, and interactive dashboards that give a full view of your business performance. We keep your data simple, helping you identify key insights at a glance.
3. Report creation. Our professionals generate visually appealing yet effective dynamic and paginated reports. Our reports have pixel-perfect formatting and are able to handle large datasets.
4. Data modeling. Clean data and precise data models serve as the foundation for all of our visualizations. We also deliver our visualizations in print-friendly formats.

How to Create a Chart in Power BI?

Let’s embark on a data-driven adventure sliced into five delectable stages of guaranteed success.

Stage 1: Logging in to Power BI

• Log in to Power BI.
• Enter your email. Click the “Submit” button.

• You are redirected to your Microsoft account.
• Enter your password and click “Sign in”.

• Choose whether to stay signed in.

• Once done, the Power BI home screen will open.

Stage 2: Creating a Data Set and Selecting the Data Set to Use in Your Sankey Chart

• Click on the “Create” option on the left-side menu.
• Select ”Paste or manually enter data“.

• We’ll use the following cash flow data for this example.

Earnings Source	Revenue	Expenses & Profit	Departments	Categories	Amount
Providing services	Revenue	Expenses	Managerial	Training Sessions	10,000
Providing services	Revenue	Expenses	Managerial	Office rental	16,000
Providing services	Revenue	Expenses	Managerial	Wages	9,400
Providing services	Revenue	Expenses	Commercial	Wages	11,300
Sales of products	Revenue	Expenses	Commercial	Travel allowance	10,000
Sales of products	Revenue	Expenses	Commercial	Advertising	12,000
Sales of products	Revenue	Expenses	Production	Material Payment	25,000
Sales of products	Revenue	Expenses	Production	Loan Payment	8,500
Sales of products	Revenue	Expenses	Production	Wages	19,500
Loans	Revenue	Gross Profit		Taxes	11,000
Loans	Revenue	Gross Profit		Net Profit	13,000

• Paste the above data table into the “Power Query” window.
• Select the “Create a dataset only” option.

• Click on the “Data Hub” option on the left-side menu.
• Power BI populates the data set list. (If you have not created a data set, refer to the Error! Reference source not found section.)

• Choose a data set for the Sankey chart.
• PBI populates the screen as shown below:

• Click on the “Create a report” dropdown.
• Select “Start from scratch“.

Stage 3: Adding the Power BI Sankey Diagram Extension by ChartExpo

• Creating the Sankey Diagram requires us to use an add-in or Power BI visual from AppSource.
• Navigate to the right side of the Power BI dashboard.
• Open the Power BI Visualizations panel.
• Click the ellipsis symbol (…) as highlighted in the diagram below. This will import the Power BI Sankey Diagram extension by ChartExpo.

• The following menu opens:
• Select the “Get more visuals” option.

• The following window opens.
• Enter “Sankey Diagram for Power BI by ChartExpo” in the highlighted search box.
• You should see the “Sankey Diagram for Power BI by ChartExpo”, as shown in the image below.

• Click the highlighted “Add” button.

• Power BI will add the “Sankey Diagram for Power BI by ChartExpo” icon in the visualization panel.

Stage 4: Drawing a Sankey Diagram with ChartExpo’s Power BI extension

• Select the “Sankey Diagram for Power BI by ChartExpo” icon in the visualization panel.
• The following window opens in the report section of your dashboard:

• You can resize the visual as needed.
• Navigate to the right side of your Power BI dashboard.
• You should see “Fields” next to “Visualizations.”

• You’ll select the fields to use in your Sankey chart here.
• The ChartExpo visual needs to be selected, though. Select the fields in the following sequence:
  • Earnings Source
  • Revenue
  • Expenses & Profit
  • Departments
  • Categories
  • Revenue

• You’ll be asked for a ChartExpo license key or email address.

Stage 5: Activate your ChartExpo Trial or Apply a Subscription Key

• Select the ChartExpo visual.
• You should see three icons below “Build Visual” in the Visualizations panel.

• Select the middle icon, “Format visual.”
• The visual properties will be populated as shown below.

• To begin using ChartExpo as a new user;
  • Enter your email address in the textbox under the “Trial Mode” section. ChartExpo will send the License key to this email upon subscribing to the add-in.
  • Ensure you provide an accurate and up-to-date email address.
  • Toggle “Enable Trial” to activate your 7-day trial.

• You should receive a welcome email from ChartExpo.
• If you do not find the email in your inbox, kindly check your spam folder.
• The Sankey Diagram you create under the 7-day trial contains the ChartExpo watermark.

• If you have obtained a license key:
  • Enter your license key in the “ChartExpo License Key” textbox in the “License Settings” section (see below).
  • Slide the toggle switch next to “Enable License” to “On“.

• Your Sankey Diagram will then appear without a watermark.

• Let’s add the Prefix (e.g., $ sign) to the chart’s numeric values.
• Expand the “Stats” properties. Add the Prefix value (e.g., $ sign).

• Let’s add colors to each node. Expand the “Level Colors” properties and select the colors.

• Automatically all changes will be saved.

Insights

• Product sales are the company’s primary revenue source, making up 51.48% of the total.
• At the second level, the company’s overall revenue amounts to $146K.
• Out of the total revenue, $122K is allocated to expenses, which accounts for 83.5%. This results in a gross profit of $24K, equivalent to 16.5%.
• At the fourth level, there are three categories of expenses: managerial, commercial, and production. Managerial expenses amount to $35.4K, commercial expenses to $33.3K, and production expenses to $53K.
• The gross profit is then divided into taxes and net profit, with $11K allocated for taxes and $13K as net profit.
• The managerial section is divided into three subsections: training sessions, wages, and office rental, with costs of $10K, $9.4K, and $16K, respectively.
• The commercial section is divided into travel allowance, advertising, and wages, with travel allowance being the highest expense category.

Why Choose Us?

• We have proven success stories on how we have streamlined the data processes of different businesses. This has helped them achieve their goals and objectives and even improve their bottom line.
• We provide high-quality data security while adhering to industry regulations.
• We design Power BI solutions that meet your specific requirements and exceed your expectations.

ChartExpo serves both small and large businesses. You can count on us, regardless of the size of your company for Power BI consulting.

FAQs

Which Company is Best for Power BI?

The choice of a Power BI consulting company depends on your business requirements and needs. Other factors to consider when choosing a Power BI consulting company include:

• Expertise and experience
• Certifications
• Specialization
• References and testimonials
• Scalability
• Your budget

How Do I Become a BI Consultant?

To become a BI consultant, you need to possess data analytics skills. You also need to have technical, business and soft skills like:

• Data warehousing
• Data integration
• Hands on experience
• Business analysis
• Working knowledge of big data technologies

Professional credentials are also required for BI consultants. They can assist you in showcasing your abilities and expertise to potential employers.

You can also build networks with other BI experts and stay up to date.

Wrap Up

Power BI consulting companies are in high demand today. This is because they help businesses harness the full potential of their data.

Organizations are able to stay relevant in a competitive market. A Power BI consultant can analyze your data, ensuring data integrity.

It is important for companies seeking BI consulting to look for one that suits their needs. Look for a provider with a proven track record of performance and Power BI expertise.

Finally, evaluate their commitment to data protection, compliance, and ongoing support to ensure a productive partnership.