In Power BI, if you want to process 500 GB+ of data efficiently, you may want to consider:
DirectQuery: This is for real-time data connections and to avoid large imports that may slow down with a complex query.
Partitioning: Splitting the data into smaller segments (for example, time-based) for incremental refreshes will help improve performance and shorten refresh time.
Dataflows: These are used for cloud ETL processing and push heavy transformations to the Power BI service.
Aggregations: Summary tables will reduce the data size, which will, in turn, help improve performance and responsiveness for more detailed datasets.
Hybrid Model: A combination of imported data (for performance) and DirectQuery (for real-time data.)
Azure Synapse or SQL Server: Large datasets can be stored in scalable solutions and then connected to Power BI via DirectQuery or import.