The selection between Power BI and Excel is a close call. They feel a bit similar.
If you’re confused, try to answer these questions for yourself:
- Do you need high-level analytics?
- Is collaboration an issue?
- How big is the data you’re handling?
- Do you need advanced visualizations or stunning ones?
It can provide you with high-level analytics that could help you spot trends. In addition, the dashboards, KPI, visualizations, and alerts are a great addition to help you in analytics.
Excel is great especially if you’re already used to making lots of advanced Excel reports. The functions and Excel add-ins available will help you construct your ideal model.
Also, if you’re big on collaboration, Power BI is better. Excel fails in collaboration unless you and your team are on the cloud.
Excel isn’t free. You can buy the Office 365 Suite that starts from $8.25 per month per user for businesses. Or you can buy Excel alone at $129.99.
On the other hand, you can start with Power BI for free.
But if you need more advanced functionalities, Power BI offers 2 paid plans:
- Power BI Pro at $9.99 per month per user
- Power BI Premium at $4,995 per month