Do you need Power BI? Is it worth the money compared to Excel?
What’s the differences between Excel and Power BI?
Excel and Power BI both are powerful tools for data analysis, but they have different strengths. Excel is an on-premise solution that is well suited for smaller data sets and simple analysis. Power BI is a cloud-based solution that is better suited for larger data sets and more complex analysis.
In terms of data source connectivity, Excel is limited to an on-premise source, while Power BI is capable of connecting to a wide range of data sources, including cloud sources. Excel is also limited when it comes to data visualization, while Power BI is much more powerful and provides more options for data visualization.
In terms of scalability, Excel is limited in terms of data size and complexity, while Power BI is better suited for larger and more complex data sets. Excel is also limited when it comes to collaboration capabilities, while Power BI is much more powerful and provides more options for collaboration.
Overall, Excel is a great tool for smaller data sets and simpler analysis, while Power BI is better suited for larger data sets and more complex analysis.
Power BI is more powerful than Excel, but it doesn't mean it will replace your use of Excel. This is because there are a lot of things that Excel can do that Power BI cannot. For example: Excel has functions like CONVERT and IF statements, which are missing in Power BI.
Power BI, on the other hand, can manage significantly larger data sets. Excel's connecting capacity is limited, whereas Power BI can link to a vast number of data sources. Power BI may also be used via mobile devices, unlike Excel. Power BI is faster than Excel at processing data.
Excel is a powerful, flexible tool for every analytics activity. Combine it with Power BI to get broad data analytics and visualization capabilities. Easily gather, shape, analyze, and explore key business data in new ways—all in less time—using both apps together.
Advantages over Excel It's also more powerful than Excel in terms of delivering comparisons between tables, reports. or data files. From a user standpoint, Power BI is much more user friendly than Excel, and its interactive, customizable dashboards are much more visually appealing than those in Excel.