What is Dataflow?
Power BI Dataflow is the data transformation component in Power BI. It is a Power Query process that runs in the cloud, independent from Power BI report and dataset, and store the data into CDM: Common Data Model inside Azure Data Lake storage.
What is Dataset?
Power BI Dataset is the object that contains the connection to the data source, data tables, the data itself, the relationship between tables, and DAX calculations. Usually, Power BI dataset is hidden from the Power BI Desktop view, but easily can be seen in the Power BI service.
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