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Every Organization needs a visual cue that communicates the amount of progress it has made towards a target. The Power BI KPI demonstrates how effectively a company is achieving its key business objectives.
This forms a critical part of any Power BI curriculum. This blog, specifically, will help you with all you need to know to use Power BI KPI to its complete potential.
This Power BI KPI Tutorial will take you through the following topics:
Organizations use KPIs (or Key Performance Indicators) at multiple levels to evaluate their success at reaching targets. High-level KPIs may focus on the overall performance of the enterprise, while low-level KPIs may focus on processes or employees in departments such as sales, marketing or production.
KPIs mainly answer 2 questions:
A KPI is based on a specific measure and is designed to help you evaluate the current value and status of a metric against a defined target.
A Power BI KPI visual requires a base measure that evaluates to a value and a target measure, and a threshold or goal.
Currently, a KPI dataset needs to contain goal values for a KPI. If your dataset doesn’t contain one, don’t worry. You can create goals by adding them to your data model.
Pick some KPI-appropriate data. As you can see, the one I’ve chosen here has got an actual sales column and a target sales column. The months are numbered according to their usual order as well as fiscal order.
We’ll create a KPI that measures the progress we’ve made towards a sales goal.
You can now go to the Modelling option on the top ribbon and use the Sort option to sort by the order in which you need the months to be.
Optionally, format the KPI by selecting the paint roller icon to open the Formatting pane.
If your KPI doesn’t look like the given image, you might want to consider sorting by fiscal month or month number before you turn it into a KPI. In a few older versions of Power BI, KPIs don’t have a sort option, you’ll need to sort by fiscal month before you convert your visualization to a KPI.
Now that you know how this tool basically works, you can do some really smart things with it. Like you can create custom visuals in Power BI.
You can do a bunch of other interesting things with KPI. For example, you can use many variations of the traditional KPI. For that, all you must do is, go to From Marketplace and in the search–tab look for the custom visuals that you like. Or you can even go to visuals.powerbi.com and do the same. It will appear on your visualizations bar, next to other visualizations.
So, here are 4 custom visuals you didn’t know you needed.
Now that you’ve learned all about the Power BI KPI, go on and make the most of it. Create live and intuitive visualization reports with Power BI KPI.
This video deals with the importance of all the KPI visualizations on Power BI Desktop. It also shows how to make use of various custom visuals apart from the traditional KPI which will help you create Impactful and Comprehensive Reports on the Power BI Desktop.