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Analyze in Excel vs Excel Live Connection - any difference?

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To analyze a Power BI dataset in Excel, one can: 

 

  • From Excel: Data > Get Data > From Power BI > Connect to a PBI Dataset
  • From the PBI Service: Select the Dataset > Analyze in Excel

 

These seem to accomplish exactly the same thing.  Is there any difference, or are they just 2 ways of doing exactly the same thing?  

Thanks, 


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