Have you ever sat down and taken a good hard look at your finances? I’m not just talking balancing the checkbook. I mean every single part of your finances. If you’ve never thought about it before – you should now. Think of it as a way to see where you are and where you are going. You could be surprised.Start by simply writing down what your financial goals are. Do this without looking at your checkbook or savings accounts. Simply list what is important to you financially. This could be saving for retirement, paying off your debt or even working on a college savings fund for your children.Now look at you checkbook, savings, budgeting (or lack of) and other financial accounts to see if you are on the right track. See how much debt you have paid off in the last year. If you haven’t been paying more than the minimum payments, you aren’t getting anywhere. You can really see this if you compare this monthly statement to last year’s monthly statement for your credit cards.Or perhaps you do see that your investment accounts have grown appropriately. But maybe you’ve been putting too much into your children’s college funds and not enough into your retirement savings. Calculate how much you will need at retirement and assess whether or not you are on the right track.Take the time to sit down and look over all of your insurance policies. Over time, many personal insurance needs change. It may be that you no longer need maternity coverage on your health insurance. Or perhaps you need to increase your term life insurance policy. Look at your homeowner’s insurance to see if you need to increase the personal property coverage or even the coverage amount on the home itself. Having the correct coverage can save you a lot of heartache and money in the case of an emergency or disaster.Look at the changes in your life. Perhaps you’ve had a child or changed jobs. How do these events affect your money? You may need to change your budget, your savings or your investments.Make sure that your finances are well protected. Everyone, whether or not they have children, should have a will. Review it regularly and update it as you have children or purchase long-term, big-ticket items.Review your investments and make sure that they are performing as you need them and expect them to. As you grow older, you need to adjust the diversification of your investments to reflect a more conservative tactic. When reaching retirement, you don’t want to take any unnecessary risks with your money.You should give your finances a complete checkup once or twice a year. The more you do it, the more you will see. Regular reviews of your finances also reinforce the importance of your goals. You will be less tempted to spend and motivated to save more for those things you want.

Microsoft Excel comes to mind when considering a suitable reporting tool for businesses. Excel has been a natural choice for years because of its data organization and analysis capacity. However, as systems change and the demands for data analytics become more complex, it has become clear that the software has some limitations, hence it is necessary to shift from excel to power bi.

For organisations, Microsoft’s Power BI provides robust analytics and reporting features. Power BI delivers significantly more insight than Excel thanks to faster experimentation with visualisations, statistical functions, and calculations across large datasets and the capability to derive answers instantly through the quick recombination of fields.

Listed below are a few advantages of moving from excel to power bi:

Excel to Power bi – Accessing and Storing Large Quantity of Data

Microsoft Excel can perform simple and complex arithmetic operations and functions. However, its effectiveness wanes when you have enormous amounts of data that cannot be opened. This makes it less than ideal.

You can view, analyse, and visualise the more significant data sets that Excel struggles to manage with Power BI’s impressive comprehension capabilities. Not only are these things possible, but your files can also be stored and analysed using only 50 megabytes. To import and cache your data inside a .PBIX file, Power BI makes use of robust comprehension algorithms.

Efficiency is one of the most apparent reasons why Power BI is such a valuable tool. It eliminates the need to aggregate or reduce the size of large datasets to show a more comprehensive analysis. Instead, all the most minute details and summaries can coexist in one file and be evaluated through drill-downs.

In addition to having a massive amount of storage space, you can also edit and prepare your data. Many tasks are made simple by Power BI.

Excel to Power bi – Data Protection

Any business has always placed a high priority on data security. For all kinds of organisations, big or small, the growing threats of data theft, unauthorised access, and invasion by foreign entities have become major concerns. Excel has features that safeguard your data. Excel limits access to files, sheets, or any worksheet as part of security measures.

The user can keep any document locked to prevent unauthorised personnel from accessing the data. The read-only option prevents external parties from editing or otherwise altering the document. Excel does provide security features, but they are basic and lack more sophisticated features.

In contrast, Power BI offers data protection features that are highly dependable, scalable, and responsive to current business requirements. Power BI has the industry’s best built-in security control. Role-based authentication, cloud security, risk monitoring, risk identification, and network security are a few of the security features that Power BI offers.

Compared to Excel security features, Power BI’s data security measures are unquestionably more detailed and trustworthy.

Excel and Power BI provide analytics features, but in comparison, Power BI’s presentation of the visuals and analytical results is much more thorough and appealing. Excel offers basic analytical features, whereas Power BI provides advanced, business-focused analytical features.

Although some of the more recent charts are available in Excel, they cannot connect to the data model. Excel’s portfolio does not currently include some of the newest trending charts at the application level. It only has restricted access to the data model as a result.

However, Power BI has all the features necessary to satisfy customers’ new demands interactively. With the help of Power BI, an organisation can access real-time dashboards, performance indicators, and an alert system. Using data from the past, the organisation can visualise the present and future data.