Know The Difference Between Bi Reporting And Traditional Reporting

By Author: Bappaditta Jana
Total Articles: 83
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Reporting is a quintessential part of an organisation as it provides all the information required for critical business decision at one place. However, the efficacy of decision making depends on the accuracy of data in these reports.

For a business to be flexible, it must be able to provide reports that are accurate, pertinent, and delivered on time. However, traditional reporting always contains some risk of human error and inconsistent dat.

Thats where BI reporting comes into picture. In this article, We'll go over a few advantages of BI reporting over conventional reporting techniques.

1. Enhanced effectiveness

The ability to reduce time and boost overall productivity is one of the main benefits of BI reporting tools. BI reporting solutions have the ability to automate many of the procedures involved in producing reports, saving time compared to traditional techniques. This covers activities including gathering, cleaning, and analyzing data.

Furthermore, compared to conventional techniques, BI reporting solutions usually provide a far greater degree of flexibility. As a ...
... result, you won't need to spend time manually entering data and may instead create reports as needed.

2. On-demand BI reporting
Traditional reporting is slow, inflexible, and outdated as it suffers from many iussues related to how the data is managed by company personnal. Waiting a long and frequently exasperating period for reports generated by IT is a common occurrence. Nonetheless, in order to make important business choices, managers and executives must rely on weekly, monthly, and annual reports. Opportunities may be lost as a result of this.

On the other hand, without requiring IT assistance, BI reporting makes it possible for anybody to access data, perform analysis, and produce customized reports. The waiting period for IT reports is eliminated with self-service.

Standard reports can also be created according to a predetermined schedule. Reports can be scheduled and if additional information is required during the meeting, a customized report can be instantly generated with a few clicks.

Eventually, the IT department will have more time to devote to other critical responsibilities like data resource management and security upkeep now that they are not subject to the constant need for reports.

3. Enhanced cooperation
The ability of BI reporting tools to foster greater teamwork is yet another significant benefit. Many users can collaborate on a report at the same time using features found in the majority of BI reporting solutions.

As it gives everyone a voice in the process, this can be quite helpful when trying to reach a conclusion as a team. On the other hand, traditional approaches frequently involve numerous reports from different departments which can cause bottlenecks and delays.

4. Data visualizations
BI reporting helps make complex information easier to understand by presenting data as visuals. Numbers are shown graphically, which facilitates knowledge absorption, retention, and recall. Simple pie charts, bar charts, and maps are examples of visualizations.

Depending on your requirements, these could also be more intricate models like gauges, funnels, waterfalls, etc. Either way, all of the variables influencing performance will be visible to your team. Patterns, trends, and fresh opportunities are easier to spot when they are visualized.

They provide the capacity to detect shifts in consumer behavior, allowing your staff to react in ways that boost revenue and help you maintain an advantage over your rivals.

BI tools offer a wide range of benefits for a firm and BI reporting is one such benefit that transforms the way an organisation functions. Business Intelligence offers accurate, consistent and real-time reports that quicken the decision making process throughout an organisation.

Bappaditta Jana is a blogger who loves to spend his free time engaging in sports or gardening. Based in Kolkata, he is currently working with EasyReports an IT firm that has developed a BI reporting tool that can easily integrate with Tally ERP and many other applications.