Power BI is an evolution of the Power add-ins recently available in Excel: Power Pivot, Power Query, Power View and Power Maps. You can publish reports and analytics on Powerbi.com from excel or Power BI Desktop. Power BI Desktop acts as a new front end for Power Pivot and Power query and uses a “Canvas” similar to Power view to enable you use new visualisation and easily create dashboards that can be consumed on your mobile devices.
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