Companies that leverage data insights consistently outperform competitors financially. 62% of retail organizations reported that data analytics is helping them gain a competitive advantage over the competitors. Although this approach is gaining traction, many companies struggle to use the vast amounts of data they collect from various sources. Challenges like integrating, sharing, and manipulating data across multiple cloud platforms hinder them from making the most of their data, as they access and analyze data and leverage AI analytics across the business.
Introducing Microsoft Fabric: An all-in-one data analytics tool
Given these challenges, Microsoft Fabric stands out as a powerful all-in-one, AI-powered data analytics platform encompassing data storage, processing , integration, analysis, and business intelligence. As a cloud-based service (SaaS), this platform allows companies to manage data, users, and projects in a single environment, fostering between data scientists, engineers, and analysts enabling data democratization across organizations.
Microsoft Fabric brings together several data and analytics tools that organizations require to meet their analytics requirements. These include Data Factory, Data Activator, Synapse Data Warehouse, Synapse Data Engineering, Synapse Data Science, Synapse Real-Time Analytics, and Power BI.
Explore more: Introducing Microsoft Fabric – A data-driven blueprint for modern enterprises.
Today 25,000 organizations, including 67% of the Fortune 500 are leveraging Microsoft Fabric, with 84% of them using three or more workloads. Given this widespread adoption of Microsoft Fabric, there’s no surprise in wondering if Microsoft Fabric is the right choice for your business.
To quantify the financial benefits of using Microsoft Fabric, let’s explore the 2024 Total Economic Impact™ (TEI) study conducted by Forrester Consulting examining the potential return on investment (ROI) that companies might achieve through Microsoft Fabric.
This blog post delves into a quick overview of Forrester Total Economic Impact (TEI study) on Microsoft Fabric, highlighting how Microsoft Fabric implementation can lead to financial benefits, such as increased productivity, enhanced business outcomes, higher employee satisfaction and retention, and substantial cost savings.
Maximizing data-driven insights with Microsoft Fabric’s data analytics capabilities
Forrester Consulting conducted the study and interviewed companies already using Microsoft Fabric. Based on these interviews, they created a composite company profile to analyze Microsoft Fabric ROI. This “composite organization” reflects the experiences of the real companies interviewed and serves as a model for the overall financial impact analysis.
Let’s take a closer look at the characteristics of this composite organization:
- The composite organization operates globally with annual revenue of $5 billion and a workforce of 10,000 employees.
- A team of 40 data engineers and 400 business analysts.
- Before adopting Microsoft Fabric, the organization relied on various data management tools and systems, including Azure Synapse solutions for data storage and Microsoft Power BI for analysis.
- In the first year, Microsoft Fabric is rolled out to 50% of the business, expanding to 85% in year two, and finally reaching 100% in year three.
However, the key findings from the study indicate that composite organization that deployed Microsoft Fabric are likely to experience a considerable ROI of 379%:
Furthermore, the analysis reveals a net present value (NPV) of $9.79 million. This translates to significant financial gains over time, making a strong financial argument for Microsoft Fabric deployment services.
