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The ideal place for this database is in SQL Azure - it is cheap and in the same place as Power Bi Online so data does not travel across your network for designing and refreshing the report data.
- For those that like excel it can also connect to Azure... https://blogs.technet.microsoft.com/office_online_support_blog/2015/10/29/excel-online-refreshing-data-to-a-sql-azure-database/ and https://powerbi.microsoft.com/en-us/documentation/powerbi-azure-sql-database-with-direct-connect/
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To turn on Power Pivot in Excel
Connecting to an Azure Database
Enter the details
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