11th Power BI Course at the Madrid College of Economists

Next-Step Consultores, we have successfully delivered another edition of our Data Analysis with Microsoft Power BI course in the Madrid Association of Economists. We are proud and grateful to have the confidence of the Colegio de Economistas, to train its members in BI/Big Data, since 2014. In total we have already taught eleven editions of the data analysis and business intelligence course, always with the latest technologies. We started with Power Pivot, Power Query and Power ViewMicrosoft Excel add-ins, which were the origin of Power BI, which was launched to the public in July 2015. Next-Step, in fact, we were pioneers in this technology in Spain, both in the development of projects and in training for companies and professionals.

The importance of Big Data in Finance Departments 

Business organisations are immersed in the digital transformationwhich in many cases is being led by professionals in the financial area. It is one of the strategic areas of the company, because its field of action is related to all the main operations of the organisation.

Financial managers in companies, together with their teams, have to carry out their tasks in the financial area. reports economic-financial, in many cases manually, using basic tools such as Excel, which is a laborious, time-consuming and error-prone process. Moreover, the information obtained with these spreadsheets is limited in time (monthly reports, quarterly and annual closings, etc.) and does not provide in-depth analysis of the data, nor does it allow for reliable forecasting.

Thanks to the BI / Big BI tools DataNow, financial managers and their teams can design financial dashboards, which automatically connect to data sources in real time, extract them without errors, analyse them in depth, extract valuable information and display it in a visually appealing and intuitive way, allowing conclusions to be drawn and trends to be anticipated, in order to achieve business objectives. These reports allow financial managers and CEOs and General Managers to make decisions in real time.

Power BI the best BI & Big Data tool for Financiers

 

The reason for the high demand for training in Microsoft Power BI among financiers and economists is that it has positioned itself as the best BI/Big Data tool for the financial area.

Advantages of Power BI for Finance

• Power BI is an intuitive and easy-to-use tool.. Unlike other BI solutions, you don't have to have programming skills or be an advanced user to benefit from all the advantages of Power BI. Only basic training is required.

• Integrates seamlessly with Microsoft Excel. This is important because many finance departments work with Excel spreadsheets.

• It is a reliable tool. Because it connects to all sources of financial data, external or internal, and extracts it automatically, we can be sure that the data is correct.

• Allows the real-time data analysis. Extracting the monthly financial results report is no longer sufficient, as managers need to be able to take urgent decisions, at any time.

• It is an Artificial Intelligence tool. Power BI not only analyses what has happened in the company and what is happening now, but also allows you to analyse trends and make predictions of what may happen in the future (Forecasting).

• It has a natural language interfaceThis means that queries can be made to Power BI in the same way that we ask questions to a person.

• Different user roles and permissions can be setThe tool is available to all users who are given access to the tool, setting out what they can do and what they can consult.

• Allows multiple complex analyses in a single dashboard/panelwith a unique and very attractive visualisation. In addition, dashboards designed by the finance department can be shared with the entire organisation.

• It is a affordable tool for any company, because they have a free desktop version, with no licence fees: Power BI Desktop. You can download it here

• Automation of reports and dashboards, through Power BI, frees up finance managers and allows them to be more strategic in their work and therefore more valuable to the organisation.

In the following article you can find out more about the advantages of Power BI, the different types of licences and which one is best suited to each type of company: Read more...

Power BI for Financiers classroom courses: Contents

The reason for the success of our Data Analytics with Power BI courses is that they are classroom-based and eminently practicalThe courses are business-focused and based on practical exercises in the financial area.

This is the syllabus for our Introduction to Data Analytics with Power BI courses:

Introduction. General Business Intelligence Concepts

• Extraction and Transformation Module

We learn how to obtain and transform data from different sources (Excel, relational databases, flat files, XML, web, cloud data...) and how to automate data transformation with Power Query.

• Modelling Module

- Creating Models in Power BI

-Calculated Fields and DAX Expressions

- Time intelligence functions (cumulative year, variation with respect to the same period of the previous year, etc.)

- Semi-additive measures (balance variables)

- Ranking

- Elaboration and visualisation of KPI's

- Inactive Relationships. USERELATIONSHIP function.

- Quick measures

• Visualisation Module

- Interactive Visualisation.

- Customised visualisations

-Geo-visualisation

-Viewing reports on mobile devices

• Power BI.com module

- Automatic data update.

- Collaboration. Share the reports you create in Power BI or publish them on the web or intranet.

- Real-time dashboards

- Connecting Excel to Power BI

Examples of Power BI dashboards

Here you can see examples of Power BI dashboards: If you access the link you can see the practical example of a financial balanced scorecard that we teach to develop in the course: financial balanced scorecard

Power BI courses

If you want more information about our Power BI classroom coursesWe have a wide range of custom-made products for companies or individuals, consult our website:

https://www.next-step.es/formacion-microsoft-power-bi/

 

Power BI classroom course - Intermediate Level  

Registration is now open for the Power BI Intermediate Course, to be held in Madrid in December.

See Agenda

As the groups are small, we recommend you book your place as soon as possible. Don't miss out, register now and you'll get a 10% discount:

Book your place here:

 

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