Business Intelligence is the practice of using technologies and tactics to scrutinize data and obtain actionable insights. Business Intelligence encompasses steps such as data collection, formatting, cleaning, analyzing, and visualization. These insights are presented in the form of a graphical report, which helps enterprises to make informed decisions to optimize their operations.
Microsoft Power BI is among the top business intelligence tools available in the market. It provides a user-friendly interface that helps users in transforming the raw data into actionable insights and also offers real-time data visualizations. Power BI has attained massive popularity among different business verticals, as it enables them to make data-driven and informed decisions.
Table of Contents
What is Power BI?
Power BI is a unified enterprise business intelligence tool developed by Microsoft. It is an important part of the Microsoft Power Platform, that can be connected to any dataset, create the visualization, and infuse them into the applications seamlessly.
Power BI is offered in three versions
- Power BI Desktop: It is an app used to connect, transform, and visualize data.
- Power BI Service: It is the primary app used for data visualization, analytics, and collaboration.
- Power BI Report Server: It is a web app utilized to track the key performance indicators of the BI solution.
Market Stats of Business intelligence market
As we know, Business intelligence is the practice of obtaining insights from data within an enterprise. It is said that “Data is the new Oil”, but unfortunately, most enterprises don’t know how to use the data for decision-making.
No, we are not exaggerating, the following stats prove our thesis :
- Enterprises leave 97% of collected data unused.
- Flawed data costs $3.1 trillion to the US economy annually.
However, the increasing usage of Business Intelligence has enabled enterprises to use the data for their good. It can be implemented in an environment with a single reporting tool, as well as in a complex and scaled environment where multiple users can use a unified BI reporting tool to access real-time information.
Business Intelligence is gaining immense popularity, and this reflects in the below-mentioned market stats.
- The global BI market size was valued at $27.11 billion in 2022 and is projected to grow from $29.42 billion in 2023 to $54.27 billion by 2030.
- It will exhibit a healthy CAGR of 9.1% over the forecasted period.
- The growing demand for Digital Transformation, real-time operational insights, and technological advancements will be the influential key factors helping boost the growth of this market.
- The global BI adoption rate is 26%.
- On average, enterprises use 3.8 different BI tools.
- Enterprises using BI are five times more likely to make quicker decisions than those that do not.
Top Power Bi Consulting Companies
Increasing demand for data visualization, digital transformation initiatives, enhanced cloud adoption, and ever-increasing investment in BI and Data-analytics has influenced thousands of organizations to make a shift to Business Intelligence technologies.
An efficient Power BI consulting company can help you realize your objectives. But we have many Power BI consulting companies in the market, which makes it hard to choose one for your business. To ease this, we have researched on top 10 Power BI consulting companies based on multiple aspects such as expertise level, introduction, work folio, usage of modern technologies, hourly rates, etc.
1. ARKA Softwares
It is an ISO 9001: 2015 certified Power BI consulting services provider based in India, which is known for delivering comprehensive solutions to meet your complex business needs. Company offers from consultation to deployment, and maintenance to the round the clock support. Arkasoftwares is serving clients from all verticals such as healthcare, manufacturing, information technology, e-commerce, banking, finance, and many more.
- Founded in: 2010
- Official Location: United States, India
- Cost per hour: $25/hr
- Employees Count: 50 – 249
It offers additional services like:
- Data integration and migration
- Architecture design and Data modelling
- Advisory services
- Audit services
- Dashboard implementation
2. Celebal Technologies
Celebal Technologies is a globally recognized Power BI consulting company that specializes in helping enterprises make data-driven decisions through tailored business intelligence consulting services and solutions. The company assist organizations harnessing the power of data for strategic insights and improved decision-making. Their team of experienced consultants possesses a deep understanding of data analytics, visualization, and business intelligence, enabling them to design and implement comprehensive data models and develop interactive dashboards and reports. By collaborating closely with clients, Celebal Technologies ensures that their Power BI solutions align with specific business objectives, providing valuable insights into operations, customer behavior, and market trends. Through their expertise and customer-centric approach, Celebal Technologies empowers enterprises to optimize operations, drive growth, and achieve success in today’s data-driven business landscape.
Established Year – 2015
Headquarters – Gurugram, India
Number of Employees – 2,000 to 2,200
Main Services – Business Intelligence, Data Engineering, AI Consulting, Business Analytics, Power BI, DataOps, SAP on cloud
Key Clients –FYI, Adobe, Camping World, Carhatt, American Packaging Corporation
3. Collectiv
It is an end-to-end Power BI consulting and strategy organization that offers data analytics, planning, and AI implementation for the Microsoft data ecosystem. Collectiv is a Microsoft Gold Partner and has been known as a top-rated BI consulting firm in the world. The Company is known for disrupting the legacy consulting space with its experienced Power BI experts, which helping it leading change with agility, expertise, and unmatched passion
- Founded in: 2016
- Official Location: USA
- Cost per hour: $50/hr
- Employees Count: 11 – 50
It offers additional services like:
- Data Strategy
- Planning and Forecasting
- Consulting as a Service (CaaS)
- Data Infrastructure
- Data Stack Implementation
4. DataToBiz
DataToBiz is a BI and data analytics service provider based in India. The Company offers custom Power BI consulting services to small and scaled enterprises. It serves clients from several industries, such as information technology, manufacturing, e-commerce, banking and finance, logistics, telecom, travel, healthcare, EdTech, and more.
- Founded in: 2018
- Official Location: India
- Cost per hour: $30/hr
- Employees Count: 11 – 50
It offers additional services like:
- Cloud computing
- Data warehousing
- Artificial intelligence
- Vision analytics
- IT resource augmentation
5. Integrate.io
Integrate is a unified and low-code data warehouse integration platform, which offers hundreds of connectors. The company offers an efficient ELT and ETL platform, which let you easily and quickly process your data using its unique data integration cloud service. It offers a seamless easy to use interface, which enables organization to integrate data, prepare and process data without having to install, deploy, or maintain a BI software.
- Founded in: 2012
- Official Location: USA
- Cost per hour: $30/hr
- Employees Count: 11 – 50
It offers additional services like:
- Data integration
- Data warehousing
- ELT and ETL platform
- Vision analytics
- IT resource augmentation
6. Binaryrepublik
It is a highly reputed Power BI consulting firm based in India. It is known for offering interactive and intuitive Power BI experience, with the help of its highly skilled Power BI consultants and developers. They have adequate experience in service the clients across verticals such as – Manufacturing, Finance, Education, Healthcare, Agriculture, finance and Banking, NGOs, IOT, and many more.
- Founded in: 2009
- Official Location: India
- Cost per hour: $30/hr
- Employees Count: 51 – 200
It offers additional services like:
- Power BI consulting
- Data integration
- Data warehousing
- Microsoft Azure
- Custom visual development
7. Analytics8
Analytics8 is a Microsoft Gold Partner in Cloud Platform and Data Analytics services. Company offers a robust team of seasoned Power BI consultants, who can develop state-of-the-art solution with the help of Microsoft Power Platform including Azure, Azure Data Factory and Power BI to make the most of your data. Team Analytics8 has deep knowledge of Microsoft data stack and technologies and can assist you to solve numerous real-world business problems efficiently.
- Founded in: 2003
- Official Location: USA
- Cost per hour: $25-30/hr
- Employees Count: 51 – 100
It offers additional services like:
- Custom BI solution development
- Power BI consulting
- Azure Analytics
- Power BI advisory services
- Power BI mentoring and training
8. Science Soft
Science Soft is a US-headquartered provider of software development and BI consulting services with 700+ IT professionals located worldwide. The Company commands absolute expertise in more than 15 domains across numerous industry verticals. It is known for designing and implementing state-of-the-art enterprise analytics solutions and offers advisory guidance to assist your business at every stage of its data analytics journey. Science Soft holds ISO 9001 and ISO 27001 certifications and ensure no risk to its customer’s data security.
- Founded in: 1989
- Official Location: USA
- Cost per hour: $30-35/hr
- Employees Count: 700+
It offers additional services like:
- Bespoke BI solution development
- BI solution implementation and support
- Advanced Data Science services
- Power BI advisory services
- Data quality management
9. BlueOrbit Solution
It is a Microsoft Silver Partner in Data Analytics and Reporting arena. It is specialized in offering Power BI visualization solutions that enable enterprises in gaining precious insights to make decision making easy. Its end-to-end BI solutions can accelerate your ROI and support other business processes to cater your unique business requirements.
- Founded in: 2010
- Official Location: USA
- Cost per hour: $40/hr
- Employees Count: 11-50
It offers additional services like:
- Power BI Roadmap and Strategy
- Power BI Assessment and Migration
- Power BI CoE establishment
- Dashboard Reengineering
- Power BI Analytics and Reporting
10. Convverge
It is a Microsoft Gold Partner, which is known for delivering Power BI, Azure, Power Apps, Sharepoint, Power Automate, and Dynamics services to its clients spread across the world. Convverge has gained a reputation of an organization which brings technology and people together to provide digital transformation services and develop business optimization solutions to address your business needs. The company can embed Business Intelligence in your operations with the help of captivating dashboard and visual reports.
- Founded in: 2012
- Official Location: Canada
- Cost per hour: $40/hr
- Employees Count: less than 25
It offers additional services like:
- Cloud consulting services
- Power BI solution development
- Advanced Data analytics services
- Power BI advisory services
- Data quality management
11. PixelCrayons
It is a renowned BI consulting service provider that has been serving worldwide for over 16 years. They have 500+ highly skilled BI consultants who expertise in various BI and Data Analytics technologies to assist your business to get success with state-of-the-art solutions, including Power BI. Its dedicated and seasoned Microsoft Power BI consultants can help your organization analyse its data and make correct decisions.
- Founded in: 2008
- Official Location: USA
- Cost per hour: $25-30/hr
- Employees Count: 250 – 999
It offers additional services like:
- Custom BI solution development
- Power BI consulting
- Data warehousing
- AI development
- IT resource augmentation
Challenges You May Face While Choosing a BI Company
Business Intelligence isn’t limited to large enterprises anymore, it could be used by organizations of all sizes for their reporting and analysis needs. Organizations may develop an in-house capability and may engage an expert BI company for their needs. However, choosing a BI company is not so easy, as it comes with multiple challenges for BI adopters.
Let’s explore some common challenges:
- Data Quality issues – Maintaining the Data quality is indeed a big issue while employing a BI company for achieving your BI objectives, as it impacts your decision-making. Invalid data, duplicate data, inconsistent data formats, and even human errors can provoke wronghead actions and don’t allow you to fetch any worthwhile insights. Your BI partner must devise an effective data management tactic to mitigate such data quality issues. It will enable you to make better decisions and improve the overall business profitability and efficiency.
- Integrating data from different Data sources – The primary objective of BI is to collect data from multiple sources, evaluate it and present deep insights to the end users. However, the availability and usage of a plethora of data sources make it quite difficult to fetch the right data to tell the correct story. It is always recommended to set up a single data repository (data warehouse), where you can store data in a structured and pre-aggregated way. You must ensure your BI partner must have such a data warehouse in place.
- Lack of Business Intelligence talent – It is undoubtedly the most common issue that can hinder your organization’s business intelligence efforts. Without dedicated skilled resources, organizations fail to make efficient use of BI analytics, configure data warehouses, devise baseline information, and impart a fundamental level of data literacy within the organization. To counter this talent crunch, organizations can leverage outsourced expertise. You must opt for a Power BI software development company that must have a dedicated team of in-house BI experts and assist your business to address its data-specific concerns while not indulging in talent and hiring hassles.
- Selecting the right BI solution – If you choose the right BI tool, then you can consider the half-battle won, as far as managing the BI implementation challenge is concerned. We have a variety of tools available in the market, such as Microsoft Power BI, Qlik Sense, and Tableau, but you must be aware of their use cases and ensure your business requirements map with a specific BI tool. Your BI partner must be capable enough to work on different aspects such as large-scale adoption, license type, discount allocation, and roles and permissions to augment your BI experience.
- Bad data visualization – The visualization and design of your BI dashboards play a critical role in communicating complex and actionable insight to decision-makers. The inability to fetch real-time data, lack of interactivity, lack of data format support, and even the wrong choice of font and color can make your dashboard implementation worthless. You must work with the BI partner, which must emphasize adequate data values, employ highly bespoke dashboards, and incorporate personalization capabilities to match your business needs.
Conclusion
Microsoft Power BI is undoubtedly an amazing BI tool that showcases data analytics in an easy-to-comprehend format and delivers real-time insights to the people of various functions within an enterprise. It not only optimizes productivity but also enhances the ROI for an organization.
Arka Softwares is a renowned and reliable Power BI consulting service provider, which commands years of experience in helping enterprises derive precise insights from data and accelerate digital transformation initiatives at the enterprise level.
If you are planning to invest in Power BI to get higher productivity, avail long-term returns, and pick up a viable advantage in the market, then it is the right time to venture into Business Intelligence using Power BI.
All you need to contact our top-rated Power BI app developers and we will be taking care of all your concerns.
