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It will save you an unlimited amount of time trying to use the wrong tools for the job and mitigate the risk of getting inaccurate data into your financial statements, operationalreports, or analytical dashboards. Reporting Infrastructure: As reviewed earlier, reporting is most commonly a necessary, transactional-based exercise.
These tools enable users to quickly draw conclusions and monitor keyperformanceindicators. Reports A tabular display of data, often with numerical figures grouped in categories. Interactivity can include dropdowns and filters for users to slice and dice data.
Analytics is vital now because providing end-users with the ability to analyze, slice, and dice data within the context of their application is essential to staying competitive in today’s fast-paced digital world.
Virtually every business on the planet has some kind of reporting mechanism in place–even if it’s just a simple set of off-the-shelf printouts that come from basic accounting software. Reporting is important, but BI has the potential to generate the kind of meaningful insights that lead to competitive advantage.
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