Effective data refresh strategies are critical for maintaining up-to-date reports. A Power BI development company should implement incremental data refreshes to update only new or modified data, reducing refresh times. It’s essential to schedule refreshes during off-peak hours to avoid system slowdowns. Additionally, using cloud storage solutions like Azure for hosting large datasets ensures fast refresh performance. Developers should monitor refreshes to identify and resolve any failures promptly. By balancing performance, cost, and user requirements, a company can ensure data is refreshed consistently without compromising system efficiency.