Businesses have been collecting and storing massive amounts of data from apps, services, Internet of Things (IoT) sensors, and other sources for decades. Every year, the volume of data collected grows at staggering rates.
Extracting value from this wealth of data is challenging.. Siloed data is often out of sync. Inconsistent data leads to high integration costs. Poor data quality sabotages new AI models. Out-of-date reports cause misinterpreted insights. Such factors stifles the ability to unlock the full value of data, and hinders innovation and AI experiences.
Microsoft 365 Copilot is an artificial intelligence assistant feature for Microsoft 365 applications and services.
Copilot was announced by Microsoft on March 16, 2023 and in the last 3 months has made a huge impact. The tool builds on advanced GPT-4 large language models (LLMs) and incorporates Microsoft Graph to convert user text input into content in Microsoft 365 apps.
Copilot is available for early adopters with Word, Excel, PowerPoint, Outlook, and Teams.with a focus on productivity. Microsoft announced during the Build 2023 conference that it is adding the AI assistant Copilot to Windows 11. The Windows Copilot service is directly integrated with Windows 11 and users can access it through the taskbar.
What is perhaps more exciting is that it is also available with enterprise solutions such as Business central. Take your analytics to the next level with Copilot and Power Bi
Fabric, now in preview, is an end-to-end, human-centered analytics product that brings together all an organization’s data and analytics in one place. It also brings together the best of Microsoft Power BI, Azure Synapse, and Azure Data Factory into one unified software as a service (SaaS) platform. Data engineers, data warehousing professionals, data scientists, data analysts, and business users can seamlessly collaborate within Fabric.
Copilot in Power BI, now in private preview, combines advanced, generative AI with your data to help everyone uncover and share insights faster. Describe the insights you need or ask a question about your data, and Copilot will analyze and pull the right data into a stunning report— to instantly turn data into actionable insights instantly.
Looking ahead Microsoft is also developing Data Activator to set up a system of detection that automatically alerts the team with the right context to instantly take action to changes in their data.
The integration of Copilot with Power BI is set to make a powerful impression. This strategic partnership helps level the playing field, allowing data enthusiasts of all skill levels to engage in intricate model creation. Power BI’s Copilot allows you to create compelling narrative summaries using simple, conversational language.
Copilot will get rid of complexity and make the difficult, doable, and the technical, accessible. The future of financial modelling is a whole lot brighter, and this change will revolutionize how finance professionals handle their data.
Use Copilot in Power BI to analyze data, create complete reports, generate charts and graphs based on your data, and access actionable insights almost instantly. Describe the visuals and insights you’re after in natural language. Copilot works its magic in the background, to save you the trouble to do it all manually.
Ask Copilot something like, “Help me build a cash flow statement report for last quarter, summarizing our key metrics and trends.” It will create your draft report and then help you refine it. Strengthen your data’s impact by effortlessly tailoring the tone, scope, and style of your report narratives.
Copilot can generate and edit Data Analysis Expressions (DAX) calculations for you in Power B and Excel to save you time to focus on providing strategic advice and insights to take business decisions.
Copilot leverages AI algorithms to automatically identify trends, patterns, and anomalies within the data, allowing users to uncover hidden insights and make data-driven decisions. The AI-powered insights provide valuable suggestions, highlight potential outliers, and recommend visualizations, saving time and effort in the analysis process.
Copilot can automatically detect and correct data inconsistencies, handle missing values, and suggest appropriate data transformations. Additionally, it provides intelligent recommendations for data modeling, optimizing the data structure for improved analysis and reporting.
Whether it’s cloud-based services, on-premises databases, or popular data platforms, Copilot provides extensive connectivity options, ensuring that users can access and analyze their data from diverse sources within a unified environment. This flexibility empowers users to leverage their existing data infrastructure and extract insights from multiple data streams.
Whether you’re working with a cross-functional team or collaborating with clients, Power BI Copilot provides a unified platform for enhanced teamwork, leading to more efficient data analysis and decision-making processes.
