Microsoft Excel 2016 Business Analytics
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Recently, we told you about the exciting new features and improvements in Excel 2016 that expand the business analytics capabilities available to you and your company. Today we will tell you about the changes we have made to help you get access to the features that fit your unique needs, including more Office plans that offer advanced analytics functionality.
Excel 2016 provides capabilities that allow you to further enhance your data analysis experiences and share your data and analysis more effectively across your company. These features, usually suitable for professional business analysts, come with all premium plans of Office 2016, including Office 365 ProPlus, Office Professional Plus, Excel 2016 Standalone, and now also in Office 2016 Professional! Here is the list of the advanced analytics features:
Do you often import data into Excel Do you ever need to shape your data before you analyze it and build your reports We are excited to let you know that your get-data experience in Excel is about to change forever. In Excel 2016 we have integrated Power Query technology into the Data ribbon under the Get & Transform section. Power Query technology enhances the self-service business analytics experience in Excel by simplifying data discovery, access and collaboration.
When combined with the other data analytics tools available in Excel 2016, Power View becomes an advanced reporting tool that allows you to customize your presentation for any intended audience. You can quickly convey the results of your data gathering and analysis without forcing your audience to look at a bunch of numbers and try to decipher their meaning. Management can consume the information quickly and use it to make important data-driven decisions.
Learn how Microsoft Office 365/Microsoft Excel 2016+, combined with Microsoft Power Query, Data Model, Power BI Desktop, and Power BI service come together to provide Microsoft modern analytics capabilities.
Power Query in Microsoft Excel is a powerful data connection, cleaning, and shaping technology that is a core part of the Microsoft modern analytics suite of business intelligence tools. Achieving clean data for analysis consumes countless hours for professionals across all industries. With Power Query, your data preparation and cleaning will be transformed, automated, and improved, giving you time for analysis and for driving business impact.
Basic analytics features are available with any Microsoft 365 subscription or any Office 2016 one-time purchase. Such features include PivotTables, slicers, charts and data model capabilities. With Power Query, you can import, shape, and merge data from files, databases and websites. Basic data model support allows you to load data to the data model, detect relationships automatically, add time grouping, and create DAX measures.
Power BI is a suite of business analytics tools that deliver insights throughout your organization. With Power BI Desktop, you can connect to hundreds of data sources, simplify data prep, and drive ad hoc analysis. You can also produce reports and then publish them for your organization to consume on the web and across mobile devices. Everyone can create personalized dashboards with a 360-degree view of their business. Governance and security tools are built-in.
Big data and the process of turning raw information into meaningful reporting and visualization has seen huge growth by companies focused on data driven decision making. Many of my enterprise accounts have shown a specific interest on how to better use data for making business decisions based on historical, real-time and predictive analytics. There are seemingly endless application options to consider for helping to process and organize data through statistical modeling, so I included a couple charts below that I thought would help.
CMPT 115 Introduction to Business Analytics with Microsoft ExcelThis course provides an applied introduction to business analytics using Microsoft E