Gerhard Brueckl shows off a great use of Power BI Field Parameters:
The current approaches when it comes to data and value translations are more workarounds than actual solutions. They probably work fine for small data models and very specific use-cases but usually fall short in performance, usability or maintainability when implemented on a larger scale enterprise models.
The recently introduced Field Parameters in Power BI give us a bit more flexibility here and another potential solution to implement data and value translations in Power BI.
Click through for an example which shows data in English, Spanish, and French.