In recent times, both Power BI and Tableau are the chief performers in business intelligence tools. Power BI is the latest invention when compared to Tableau yet it has soared up to be a very close contender for Tableau. The worldwide market size for business intelligence and analytics software applications is expected to hit 16.5 billion in 2023.
How Important is Business Intelligence?
Business intelligence in simple terms is the plan of action and technological features employed by companies to examine data and business information. To make it even more clear, it permits businesses to comprehend any process or trend that may be affecting the business performance, why things are happening, and what is likely to occur in the future.
Business Intelligence delivers faster and more precise reporting, analysis, and planning, stronger business decisions, enhanced employee satisfaction, and advanced data quality.
How Important is Data Visualization?
Data Visualization is imperative to aid businesses in swiftly pinpointing data trends. With the escalating gush in data created day-to-day, to resonate with the quintillion bytes of data is impractical without Data Visualization. Data Visualization helps to convey a story by framing data into a shape that is easy to comprehend, highlighting the trends and useful information.
What is Tableau?
Tableau was founded by Hanrahan, Chris Stolte, and Christian Chabot at Stanford University in 2003. Tableau is a significant and ever-expanding data visualization tool used in the business intelligence industry. It permits you to simplify raw data into a very easily understandable format with no requirements of coding and technical skills. The data analysis is speedy in the tableau. The visualizations can be performed in worksheets and dashboards. It provides actionable insights from raw data. Read more here “What is Tableau? How does it work?“
Features of Tableau:
- A complete analytics platform
- Fast and immersive tool
- Efficiently handle a great amount of data
- Trouble-free enterprise-level extensibility
- Supports various data sources
- Immediate analytics and results
- Mobile-friendly dashboards and responsive design
- Data Blending
- Data Collaboration
You can also read “What are the Pros and Cons of Tableau?“
Companies using Tableau:
Numerous small businesses along with world-famous enterprises use Tableau in their workplace to recognize, control, arrange, and utilize their data.
Some of the companies using Tableau are: Apple, Lenovo, Cisco Systems, LinkedIn, Walmart, Deloitte, and Nissan.
Read “Top reasons for “Why Tableau is the most popular tool for Data Visualisation among fortune 500 companies”
What is Microsoft Power BI?
Established in 2013, Microsoft Power BI is a business analytics service formulated by Microsoft. A Business analytics service provided by Microsoft. The mission is to dispense business intelligence and interactive visualizations. It is a cloud-based system with a desktop-based interface. Microsoft Power BI confers data discovery, data preparations, and interactive dashboards.
Features of Power BI
- Versatile, handy, interactive dashboards
- Instantaneous analytics and visuals
- Trouble-free collaboration and sharing of reports
- 360-degree view of data, natural-language query
- Content packs
- Print Dashboard
- Get data source
- Custom visualisation
- Natural language Q&A
Companies Using Power BI:
Power BI has become insanely popular in the previous years and a large number of companies use Power BI like Metro Bank, Conde Nast, Aston Martin, Rolls Royce, Hewlett Packard, Heathrow, Adobe, Kraft Heinz, GE Healthcare, and Rockwell Automation.
Difference between Tableau and Microsoft Power BI:
Tableau – It functions as a visualization tool
BI- Centre around reporting, predictive modeling, and manipulation of data.
Tableau: Experience is required
BI- comes in handy- designed for both inexperienced and experts
Tableau Products And Services:
- Tableau Server
- Tableau Online
- Tableau Desktop
- Tableau Prep
- Tableau Reader
- Tableau Mobile
Power BI’s Products And Services:
Power BI is contained within the Microsoft Business Intelligence MSBI Suite and presents a wide range of products and services.
- Power BI Desktop
- Power BI Pro and Power BI Premium
- Power BI Mobile
- Power BI Report Server
Parent Company :
Tableau – Salesforce
Power BI – Microsoft
Tableau – Pricy
Power BI– Cost-effective
Tableau– Tableau is the top pick for data discovery and ad-hoc analysis. Being a wholly integrated platform and works great with larger datasets.
Power BI– Power BI assists to establish data-driven culture by providing real-time and self-service analytics that doesn’t necessitate prior knowledge and experience.
Tableau- Specifically for large enterprises
Power BI is apt for small, medium, and large enterprises.
Tableau: uses Multidimensional Expressions or MDX
Power BI: uses Data Analysis Expression or DAX
Both Tableau and Power BI are undoubtedly powerful business intelligence tools for data visualization. Though Power BI scores high in being handy, similar to Excel and less pricey, Tableau still offers beautiful data visualizations and greater customizability. At the end of the day, they are essentially the same but the ultimate choice depends on how you need to use these tools in your business.
Having knowledge of these Data Visualization tools will be valuable in the long run. DataMites™ is a global institute for Data Science that is accredited by the International Association of Business Analytics Certifications (IABAC). We offer extensive training in Tableau which you wouldn’t want to miss.