How does Power BI compare to Stormly for Product Analytics?
If you’re a product manager, then you know that data is essential to your success. You need to be able to track and analyze how your products are performing in order to make informed decisions about how to improve them. So which tool should you use for product analytics? Stormly or Power BI? Here’s a comparison of the two tools so you can decide for yourself.
As a product manager, it is essential to be able to quickly and easily understand your data. This means not only being able to visualize the data, but also being able to identify trends, outliers, and correlations. Power BI is a great visualization tool, but it falls short when it comes to data analysis.
The process of data visualization is often misunderstood as being synonymous with data analysis. However, there are important differences between the two disciplines. Data visualization is primarily concerned with the display of data, using techniques such as graphs, charts, and maps. The aim is to make complex data sets more understandable and accessible to a wider audience.
In contrast, data analysis is focused on understanding the meaning and implications of data. It involves tasks such as identifying patterns, testing hypotheses, and drawing conclusions. While data visualization can be a useful tool for exploring data sets, it should not be seen as a replacement for more rigorous forms of analysis.
Besides not being the analytics tool, but only data visualization, Power BI doesn’t offer the same level of flexibility, making it a poor choice for product managers. In addition, Power BI doesn’t provide the ability to drill down into data sets, which is another essential function for product managers.
Therefore, Power BI is not a replacement for traditional market research or customer insights. It cannot provide the same depth of understanding of the market or the customer. And it cannot help product managers develop and communicate the product vision or strategy. Power BI is a valuable tool for product managers, but it is not a replacement for market research, customer insights, or strategic thinking. So you can use it as one of many tools at your work, but definitely not the only one.
It’s also worth mentioning that product managers need to be able to collaborate with other stakeholders in order to make sure that the product meets the needs of the customer. Power BI does not allow for this collaboration, which means that product managers who use Power BI will not be able to get the input they need from other stakeholders.
Another reason why Power BI is not a good tool for product managers is because it is not easily configurable. Product managers need to be able to configure their products in order to meet the needs of their customers.
On the other hand, let’s look at Stormly. As a product manager, it’s essential to have a data analytics platform that you can rely on to help you make decisions about your product. Stormly is that platform. With Stormly, you can easily uncover patterns and insights in your product data, so you always know what’s working and what’s not.
The role of a product manager involves multiple responsibilities, from decision-making to predictive analysis. Amidst all this, one tool stands as an invaluable asset: Stormly.
Stormly is more than just a data analytics tool; it is a virtual product analytics expert powered by Artificial Intelligence and GPT capabilities. Rather than merely presenting raw data, Stormly guides your decision-making process by suggesting relevant product questions based on your unique data sets. It then goes further to answer these queries, presenting the insights in an easy-to-understand dashboard with detailed explanations. This goes beyond conventional data analytics, offering meaningful, actionable insights.
One of Stormly’s standout features is its predictive analytics. By leveraging AI, Stormly provides forecasts for critical metrics such as sales or retention, empowering you to make informed decisions about upcoming features and strategies. It also identifies those crucial ‘aha’ moments when users connect with your product, helping you optimize the user experience to encourage repeat engagement.
Stormly is designed to promote team collaboration and facilitate company-wide data literacy. Its user-friendly interface and automated insights discovery make data-driven decision-making accessible to all team members, not just data scientists. For instance, a product team looking to boost customer engagement can leverage Stormly to identify highly visited pages and user drop-off points. With these insights, teams can optimize design or content to enhance user engagement, embodying the essence of data-driven decision-making.
Moreover, Stormly’s AI assistant eature allows you to share access to the data with the whole team, no matter their experience with data. Anyone can ask their own product question and get an instant answer, ensuring everyone can act swiftly and proactively to avoid potential issues. This means everyone in your company is always on the same page, fostering a data-driven culture.
Although Power BI seems at first like a cheap option, it can quickly become very expensive because of the subscription fees and the cost of training employees to use the software. Power BI is a cloud-based software that allows users to create visualizations of data, such as charts and graphs. It is a popular choice for businesses because it is easy to use and has a low monthly subscription fee.
However, the subscription fee only covers the basic features of the software. If you want to use more advanced features, such as creating custom visuals or connecting to external data sources, you will need to pay an additional monthly fee. In addition, Power BI is not always easy to use, and businesses often need to hire consultants or train employees to use the software effectively.
As a result, although Power BI may seem like a bargain at first, it’s important to consider the full potential costs before making a decision.
Stormly believes that companies need the highest level of data tools in order to be truly successful. That’s why they offer a free plan that allows users to access all of our software’s advanced features until they reach 25,000 actions per month. And the monthly plans start at just $199/month.
Stormly is committed to being transparent about our pricing because we believe it’s the right thing to do. The pricing is based on the amount of data tracked, so you’ll never have to worry about being nickel-and-dimed for features. And because Stormly offers everything you need in one platform, you can ditch all of the other products you’re using. That means less complexity and more success for your business.
If you’re looking for a product analytics tool that will help you uncover insights and improve your product, Stormly is the right choice for you. Power BI is just a data visualization tool – it can’t offer the same insights as Stormly, which uses machine learning to analyze your data. With Stormly, you’ll be able to make data-driven decisions that help you improve your product and boost your bottom line. So what are you waiting for? Sign up to Stormly today and get started on making your product better than ever.