IFRAME SYNC IFRAME SYNC IFRAME SYNC

How Power BI can help with product portfolio management

How Power BI can help with product portfolio management

 

 

Product portfolio management (PPM) is the process of managing a company’s product portfolio to ensure that it meets the company’s strategic goals. PPM involves a variety of activities, such as:

  • Identifying and evaluating new product opportunities
  • Prioritizing product development projects
  • Managing product releases
  • Tracking product performance
  • Making decisions about product discontinuation

Power BI is a business intelligence (BI) tool that can be used to support the PPM process. Power BI can be used to:

  • Collect and analyze data from a variety of sources
  • Create interactive dashboards and reports
  • Share insights with stakeholders

Power BI can be a valuable tool for PPM in a number of ways. For example, Power BI can be used to:

  • Identify trends in product demand
  • Evaluate the financial performance of products
  • Benchmark products against competitors
  • Identify opportunities for product improvement
  • Make data-driven decisions about product development and marketing

Overall, Power BI is a powerful BI tool that can be used to support the PPM process. Power BI can help businesses to make better decisions about their product portfolios, which can lead to increased sales, improved profits, and a competitive advantage.

Tableau vs. Power BI for Data Professionals in job market

Here are some specific examples of how Power BI can be used for PPM:

  • Identifying trends in product demand: Power BI can be used to analyze historical sales data to identify trends in product demand. This information can be used to identify products that are in high demand and products that are losing market share.
  • Evaluating the financial performance of products: Power BI can be used to track the costs and revenues of individual products. This information can be used to assess the financial performance of products and to identify products that are not profitable.
  • Benchmarking products against competitors: Power BI can be used to compare the performance of products to those of competitors. This information can be used to identify areas where products need improvement.
  • Identifying opportunities for product improvement: Power BI can be used to analyze customer feedback and product usage data to identify opportunities for product improvement. This information can be used to develop new features and enhancements that will improve the customer experience.
  • Making data-driven decisions about product development and marketing: Power BI can be used to create interactive dashboards and reports that can be shared with stakeholders. This information can be used to make data-driven decisions about product development and marketing.

Overall, Power BI is a powerful BI tool that can be used to support the PPM process in a variety of ways. Power BI can help businesses to make better decisions about their product portfolios, which can lead to increased sales, improved profits, and a competitive advantage.

Leave a Reply

Your email address will not be published. Required fields are marked *

IFRAME SYNC
Top 10 Mobile Phone Brands in the World Top 10 cartoons in the world Top 10 hollywood movies 2023 Top 10 Cars in The World 10 best social media platforms 10 Best Small Business Tools for Beginners Top 10 universities in the world Top 10 scenic drives in the world Top 10 Tourist Destinations in world Top 10 Best Airlines in the World Top 10 Crytocurrencies Top 10 Most Beautiful Beaches in the World Top 10 Fastest Growing Economies in the World 2023 Top 10 Websites To Learn Skills For Free Top 10 AI Websites 10 Top Most Popular Databases in the World Top 10 Best Image Viewers 10 Best Collage Maker Apps 10 Ringtone Apps for Android & iPhone Top Android Games That Support Controllers