Data driven reports are the backbone of modern BI offering. In recent years, they have advanced to be more efficient and powerful than ever before. Like any BI product, they have almost limitless potential. There are several ways third party data driven reporting software, like SQL-RD, can improve your bottom line, however, even over other BI software.
Data Driven Reports Deliver More Actionable Information
Businesses have many ways to gather data, but until recently it took professionals with advanced training to translate that data into actionable information. Data driven reports don’t rely on a human’s slow processing speed. The best way to analyze any source of data is through BI software. Data driven reports analyze multiple sources at a time, and they translate that data quickly. Work that would take hours or even days for a human employee can now be performed in a fraction of the time. Since data driven reports are available so quickly, they provide more actionable information than ever before. There is no longer a delay between the question and the answer. You can work faster and earn more with greater efficiency.
New Software is New-User Friendly
As mentioned above, one of the greatest detractors to business intelligence software in the past was the limitations of human users. Today, data driven report software can be used by essentially anyone. Most programs are intuitively designed with new users in mind. Dashboards make software easy to navigate and control.
This means anyone can learn to generate a business intelligence report. Managers can analyze employee performance and sales numbers as often as they need. Decision makers can work through complicated questions of growth, spending, and finances without tying up the IT department for days on end. Everyone is free to do their work. They also have the tools to perform those tasks better than ever before. You save on labor costs and reap more benefits from your BI software, both of which help your bottom line.
Automated Data Driven Reports Offer Real Time Information
Another major drawback of older BI systems were the limitations of the data they could access. There was a delay between the data being generated and landing in folders the system could access. Then there was a second delay while the system took all that data, analyzed it, and turned it into an actionable report. If users didn’t utilize event triggers rather than basic scheduling, data driven reports would have further delays. That gap is no longer a problem. Automated data driven reports can now work in tandem with real time dashboards and advanced data sources. Speed is essential. Few things help your bottom line more than staying ahead of the competition with the fastest, most accurate information.
Data driven reports can cut back on labor and save time. They are also faster and more useful than ever before. With better access, real time features, event triggers, and other crucial updates, these reports can give your business the crucial edge it needs to get ahead of the competition. Data driven reports are probably the most beneficial BI product you can use.