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Category: Reporting And Analytics
Operating a business may sometimes seem like a game of chance. Sometimes the sales are flowing, other times business is stagnant. You notice certain times of the day or days of the week customers are more active with your product or service - but youre not sure why. You may wonder why some products or services arent taking off the way you expected. Are you missing something that could be a huge opportunity? All of these uncertainties make businesses lose out and ROI unpredictable and inconsistent. However, business need not be a gamble. When you understand the whys and whats to your particular sales, customers and daily operations, then you can be proactive in moving forward. That is why data analytics and reporting is so important for businesses. When you use a BI tool such as Microsoft Power BI, you harness the power of your data, put it to good use and take action with it. Just what is data analytics? Data analytics simply refers to the process of extracting business data and then
Bottleneck - A point of congestion in a system that occurs when workloads arrive at a given point more quickly than that point can handle them. The biggest bottlenecks in the report production process are caused by human intervention. Youre talking about dealing with enormous amounts of data that needs to be brought in from multiple source systems. With that much data, theres too much room for error and overstepping when its handled manually. The data has to be cleansed and lined up properly and there are usually complex business rules and filters that need to be applied. Its too much to ask a human to keep up with the work a computer should be doing. Consider what you are giving up if you continue to put people in the middle of a report development process that should be automated: Speed your reports wont always be ready when you NEED them Hours If you were to audit how many hours your staff spends building recurring reports, the cost maysurprise you. Arent there better things