For many years, Management Information was based on MIS systems and mainly concerned with measuring fundamental figures such as turnover, cost of goods sold and operating expenses of businesses. MIS systems were distinguished (for a number of reasons) by inconsistency and inaccuracies with obvious consequences and complications, while they were usually intended only for the C-Level of each Business or Organization.
Today, Business Information is not limited to the basic measurements that MIS offered for decades, but now offers Information (instead of measurements),
In addition to the above, advanced BI systems such as Microsoft’s Power BI are enhanced by Artificial Intelligence technologies and offer Forecasting functions.
Functions that are based on patterns and trends that are formed, both from previous data that has been entered into the system and from data and information that is produced in the wider external environment, with which the System communicates and receives constantly updated data values, indicators and trends.
Thus, a state-of-the-art BI system offers the decision-making mechanism of each organization, extremely important information and forecasts, contributing catalytically to the formation of the optimal strategy.
Microsoft’s Power BI is a powerful mechanism for combining software applications, cloud & AI services and interfaces with other services and systems, offering users who use it, significant benefits.
Microsoft Power BI holds a leading position internationally and is recognized as the absolute Leader in the 2022 Gartner® Magic Quadrant™ for Analytics and BI Platforms (MAR 22): https://powerbi.microsoft.com/en-us/blog/microsoft-named-a-leader-in-the-2022-gartner-magic-quadrant-for-analytics-and-bi-platforms/
Just some of the features offered by the system are native interoperability with all M365 applications and services, AI-driven visualization capabilities, the Power BI Goals function, natural language querying, automatic report generation by connecting datasets (without user intervention), automatic detection of trends, patterns, outliers and other information (without user intervention), over 200 available connectors with all widely used systems, data sources and cloud services, etc.
COSMOS BUSINESS SYSTEMS S.A. has a specialized team of Microsoft Power BI analysts and developers, and also has the relevant competency from Microsoft: https://www.microsoft.com/en-us/solution-providers/partnerdetails/cosmos-business-systems-sa-cosmos-computers_2ca81d17-665b-4eda-baf2-14b19d59ea71/8d86e161-5499-4c63-88f7-ed2c121fddad
With over 10 implemented projects and a claim for Power BI projects of over 1 million EUR, COSMOS can guarantee the effective implementation of Microsoft Power BI, in corresponding projects regardless of size and complexity.