Chapter 1
Chapter 1
INTRODUCTION
Microsoft Excel Power BI is an interactive data visualization software product developed by Microsoft
with a primary focus on business intelligence. It is part of the Microsoft Power Platform. Power BI is a
collection of software services, apps, and connectors that work together to turn unrelated sources of data
into coherent, visually immersive, and interactive insights. Data may be input by reading directly from a
database, webpage, or structured files such as spreadsheets, CSV, XML, and JSON.
Power BI provides cloud-based BI (business intelligence) services, known as "Power BI Services", along
with a desktop-based interface, called "Power BI Desktop". It offers data warehouse capabilities
including data preparation, data discovery, and interactive dashboards. In March 2016, Microsoft
released an additional service called Power BI embedded on its Azure cloud platform. One main
differentiator of theproduct is the ability to load custom visualizations
Power BI Desktop − This is used to create reports and data visualizations on the dataset.
Power BI Gateway − You can use Power BI on-premises gateway to keep your data fresh by
connecting to your on-premises data sources without the need to move the data. It allows you to query
large datasetsand benefit from the existing investments.
Power BI Mobile Apps − Using Power BI mobile apps, you can stay connected to their data from
anywhere. Power BI apps are available for Windows, iOS, and Android platform.
Power BI Service − This is a cloud service and is used to publish Power BI reports and data
visualizations.
Power BI is a Data Visualization and Business Intelligence tool that converts data from different data
sources to interactive dashboards and BI reports. Power BI suite provides multiple software, connector,
and services - Power BI desktop, Power BI service based on Saas, and mobile Power BIapps available
for different platforms. These set of services are used by business users to consume data and build BI
reports.
Power BI desktop app is used to create reports, while Power BI Services (Software as a Service -SaaS)
is used to publish the reports, and Power BI mobile app is used to view the reports and dashboards.
Power BI Desktop is available in both 32-bit and 64-bit versions
1.1. INDUSTRY PROFILE:
INCREASED EFFICIENCY
Data analytics helps companies boost efficiency. For example, the government had developed the CoWin
platform for efficient allocation of vaccines in various vaccination centers, which prevented crowding
atthese centres during the pandemic.
IT Sector:
The IT sector has a major share in the data analytics industry, accounting for 43% of the market in 2021.
IT giants in India include Tata Consultancy Services, Accenture, Infosys, Cognizant, Wipro, and
Capgemini. Tech demand from this sector is expected to rise with gross employee addition of 450,000 in
the second half of FY22. India has also observed significant innovation in several industries through the
sector. The government has decided to partner with the IT sector to address power loss issues.
BANKING, FINANCIAL SERVICES AND INSURANCE (BFSI) SECTOR:
BFSI is the second-largest sector in terms of investment in data analytics with a market share of 13.9%.
The BSFI sector has witnessed the emergence of a number of companies engaged in data analytics. With
US$ 31 billion, India’s fintech market is the third largest in the world. The transaction value of India’s
fintech space is projected to reach US$ 140 billion. Players such as Paytm, PhonePe, MobiKwik and
Policybazaar have used data analytics and/or AI to grow their business. In an interview with Mr. Ashish
Gupta, CTO andCPO of Policybazaar, he said that the company has gained a 90% market share through
the interactions of millions of customers and access to datasets and customer interactions. The company
leveraged data analytics and AI to pitch the right insurance product to the right customer. On November
16, 2021, Policybazaar was valued at US$ 7.27 billion.
The insurance sector is predicted to register a CAGR of 12.5% by 2030, neo banking 50.4%by 2026 and
digital lending 33.5% by 2023.
FUNCTIONS:
Providing Trainings with learning new-age skills on the go with our short-term online
training
To help students Specialize in industry-oriented programs to get ready for a career in your
dream profile
To provide premium fresher jobs with a minimum CTC of 2LPA on the fingertips.
To provide 10,000+ internships from great companies to give a kickstart to the career
1.3.VISION AND MISSION
VISION
Internshala is a dot com business with the heart of dot org.
MISSION
To equip students with relevant skills and practical exposure to help students in their careers.
1.4.NEED AND SCOPE OF STUDY
The main aim of the study is to understand the implication of various features in Power BI that helps in
calculating and analyzing the data. The study also helps in creating dashboards that are useful for
makingimportant decisions in the organization.