It would be great to be able to link to a data source and transform the data before you bring it into ArcGIS Pro. Although the tools for data engineering in Pro are amazing you often still need to export or change your source data when you want to make changes. I would like to do the same operations, but without having to create a duplicate copy. To keep this duplicate copy up to date I need to set a scheduled task to do this same operation every time I want my final table refreshed. Similarly if I want to import an excel file into ArcGIS Pro I first need to make sure the column names are all correct and my data types are all correct. If I got the option to transform all that when I first bring the excel file into Pro it would save a lot of time - and it would also avoid me having to make a special copy of my file "for GIS" (I have many excel files in my folders that have _forGIS on them.
The Transform capability of Excel and PowerBI is something that I really like. I link straight into a database and can create complex queries, pivots, merging queries rename columns etc on a raw data source and everytime I open up PowerBI/Excel it runs the query and creates the table that I want to see at the end.