Reporting software allows users to gain insight through raw data, whereas analytics tools go a step further and turn data into actionable data. For business users, they organize data into tables and charts, as well as dashboards which help to share important insights and guide forward towards achieving goals.
These applications are generally user-friendly, and they allow self-service and are accessible to a large number of users, even those with no formal technical education. However, advanced analysis and predictive modeling may require more advanced skills and knowledge.
These software solutions are usually equipped with a range of features like data transformations that manipulate and cleanse raw data using filters or calculations, among other transformative processes. They also provide automated reports that provides reports to decision-makers on a scheduled basis, making sure they are able to access the latest information in all times.
Additionally, these tools can typically contain visualization tools that can help users create and explore various data-driven visual representations like graphs and charts. This allows you to communicate valuable insights and to discover patterns or trends in data.
It is important to consider the needs of the various stakeholders within your organization when choosing a report solution. For example, a project team will have different requirements for the type of information they must track and measure, while executives and management teams will require more detailed insights into the overall performance of the strategy. Also, you need to consider how these requirements are aligned with the specific goals and objectives for your company.