The Hidden Opportunities in PowerBI for MSPs: Your Step-by-Step Guide to Offering Analytics as a Service

As Managed Service Providers (MSPs) continue to evolve beyond traditional IT support, many are discovering new revenue streams in data analytics. One of the most accessible and powerful tools you can use in your MSP to do that is Microsoft PowerBI.

PowerBI is a robust, user-friendly business intelligence platform that allows businesses to visualize data, generate reports, and gain actionable insights. By offering PowerBI as part of your service portfolio, your MSP can deliver high-value, recurring analytics services that meet your clients' growing demand for data-driven decision-making.

This step-by-step guide will walk you through the process of integrating PowerBI into your service offerings and packaging it as a sustainable source of monthly recurring revenue (MRR) for your MSP.

Step 1: Understand Your Clients’ Needs
Before integrating PowerBI into your offerings, it's crucial to assess your clients' specific analytics needs. Many small and medium-sized businesses (SMBs) have limited visibility into their operational data and may not know how to leverage the insights it provides.

Start by having conversations with your clients about the challenges they face, such as lack of real-time data, inefficient reporting processes, or difficulty making data-driven decisions.

You can use PowerBI to solve these problems by offering customized dashboards that visualize key performance indicators (KPIs) in real time. Understanding your clients’ business challenges will help you tailor PowerBI solutions that provide immediate value and drive long-term engagement.

Step 2: Build Up PowerBI Skills
PowerBI is a comprehensive platform with numerous features, so it’s essential to ensure your team is well-versed in its capabilities. It's free to use but it has a lot of complex layers to really use well.

Consider investing in PowerBI training for your technical staff, as this will enable them to confidently deploy, manage, and customize PowerBI solutions for your clients.

Your team doesn’t need to become data scientists, but a solid foundation in PowerBI will allow you to offer more comprehensive and valuable analytics services.

Step 3: Define and Package Your Business Intelligence Service Offering
Once your team is ready, the next step is to define your business intelligence service offering.

Decide on the specific analytics services you will provide, such as dashboard creation and customization where you design and deliver custom dashboards that display critical business metrics;  or ongoing data monitoring and maintenance in which you provide regular updates to dashboards and reports based on changing business needs.

After defining your services, you’ll need to package them as part of a subscription model. One of the biggest advantages of PowerBI is its ability to generate recurring revenue for your MSP. By offering PowerBI as a managed service, you can provide ongoing monitoring, updates, and support, giving clients the confidence that their data is always up to date and accessible.

Step 4: Leverage PowerBI’s Integration Capabilities
PowerBI’s flexibility makes it a valuable tool for many industries because it integrates with a wide variety of data sources, including CRMs, ERPs, and financial software like QuickBooks. When setting up PowerBI for your clients, you can create dashboards that pull data from multiple systems, providing a holistic view of the business.

For your MSP, the ability to integrate various data sources into a single PowerBI dashboard offers a compelling value proposition. Your clients are often dealing with disjointed systems and inefficient reporting processes, and PowerBI can provide clarity by unifying data across departments.

Step 5: Showcase Quick Wins and Build Trust
Once you’ve implemented PowerBI for a client, focus on delivering quick wins. Identify key areas where PowerBI can make an immediate impact, such as reducing time spent on manual reporting or improving visibility into sales trends. When clients see the immediate value of PowerBI, they’ll be more likely to invest in ongoing services and expand their usage of the platform.

Additionally, your MSP can set up automated reports that highlight critical metrics, helping clients avoid surprises and stay on top of their business performance. These quick wins will establish trust and position your MSP as a strategic partner in the client’s success.

PowerBI offers you a hidden opportunity to provide high-value, recurring analytics services that go beyond traditional IT support. By integrating PowerBI into your service portfolio, you can help your clients unlock the full potential of their data, making smarter decisions while generating consistent monthly revenue for your business. Whether through custom dashboards, ongoing support, or data integration, PowerBI can transform the way your clients use data—and help your MSP stand out in a crowded market.

Group Copy 3 svg

We partner with MSPs and Fractional CTOs / CIOs to provide turnkey analytics, dashboards, PowerBI, and AI services so that they can boost revenue while maintaining a high level of client trust.

©2024 White Label Data Corp