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I am extremely aware of a very big commodity trader that is currently in the process of using PowerBI in order to set up better middle office(read: risk managem
by mamonster 3y ago
I am extremely aware of a very big commodity trader that is currently in the process of using PowerBI in order to set up better middle office(read: risk management + post trade) processes for a trading desk. As one can imagine(my experience matches the article), this integration is going swimmingly.
The entire reason for using PowerBI is that any non-tech company does not want to hire programmers as they are expensive and a traditional line manager probably can't evaluate the deliverables.I've been in multiple organisations where "This would be faster with Python + X rather than Excel, for safety we can run it by the IT department" was met with "I don't know Python and IT department 's job is not to supervise what you write".
With Excel + PowerBI, any line manager gets the illusion that he can judge the quality of the dashboards as they probably know some Excel formulas and can get the PowerBI knowledge by looking up a few videos on Youtube. The worst case scenario, i.e shit breaking horribly, is also solvable since any external Excel consultancy also offers PowerBI services.