Here are a few cutting-edge optimization techniques that will help keep all critical insights while reducing the dataset size in Power BI:
1. Data Reduction Techniques
Remove unnecessary Columns: Though the report may contain raw transaction data, the aggregated values can be retained; thereby, only relevant fields are kept instead of unnecessary fields.
Filter Data Before Loading: Use SQL queries or Power Query to filter out unwanted previous versions and dated low-value data.
Reduce Granularity: Rather than storing every transaction, pre-aggregate data daily, weekly, or monthly to the extent possible.
2. Data Compression & Optimization
Optimize Data Types: To compress better, transform high-cardinality textual fields into numeric values or categorical IDs.
Disable Auto Date/Time: This feature generates unnecessary hidden tables; having a dedicated date table is much more efficient.
Star Schema: Normalize large tables into fact and dimension tables so that they do not store redundant data.
3. Performance Tuning
Use Aggregations: Define summary tables that hold frequently accessed data to lessen the amount of hits on the big tables.
Incremental Refresh: Instead of refreshing the entire dataset, refresh only the new/changed data.
Consider Composite Models, where historical data are maintained in Import Mode for optimization, and DirectQuery is for live access should it be needed.