Reporting software aids users in identifying insights in raw data while analytics tools go one step further by turning data into useful information. For business users, they transform information into organized tables graphs, charts and dashboards aiding in communicating valuable insights and drive forward towards achieving goals.
Typically, these kinds of solutions can be used by users and allow self-service, making them available to a variety of users with no technical knowledge. Advanced analysis and predictive modeling may require more sophisticated expertise and knowledge.
They typically include many options, such as data transformation which cleans and manipulates raw data using filters or calculations as well as other transformative processes. They also provide automated reporting which sends out reports to decision makers regularly. This assures them that they have access to the most current information.
These solutions could also incorporate visualization tools, which permit users to create and explore various visual representations based on data, such as charts and graphs. This helps to communicate valuable insights and to identify patterns or trends in data.
It is essential to consider the requirements of all stakeholders in your company when selecting a reporting system. A team for a project, for example, will have different needs in terms of the data they need to track and assess. Executive and management teams however will require more precise insights about overall strategy performance. You should also think about how these requirements match with your specific business goals and objectives.