In a modern business environment, things are moving pretty fast as we can predict. What we need right now to capture the business opportunity, boost profits or create an impact could be totally different to what we’ll need the next day. There’s a new way business people are contemplating about the future to respond quickly. A good BI platform will help you tackle complex business data and help you make a critical analysis at the drop of a hat. With an advanced BI, you can run those insights and generate reports faster in real-time. Further, The CIO focus on business intelligence (BI) and analytics look set to continue through 2017, as per Gartner.
Today’s leading organizations are using ad hoc analysis and reporting to predict with confidence what will happen next so you can make intelligent decisions for your business. Unlike the regular scheduled production reports, ad hoc reporting refers to single reports that can be easily managed by a user. The report usually consists of customized, small-target, specific and important information. Further, ad hoc reporting invites collaboration and inclusion into company data that drives decision-making for the future.
“Enables decision to be made on the move”
Why do businesses need ad hoc reporting?
There may be various reasons as to why business leaders use ad hoc reports. For instance, if a warehouse manager needs to see specific inventory details to perform stock analysis or finance managers need to see specific numbers. In this case, maybe a standard report may solve the purpose but won’t give the hidden depth inside it. In this case, the manager must be needing an ad hoc report on the fly to dig out small and minute details of data.
Fill in the gaps left by regular reporting
The point of ad hoc analysis is to fill in the gaps left by regular reporting and to build your own reports the way you want it. Ad-hoc reporting empowers business users to produce reports and visuals almost instantly, quickly tweak or run a report without the need to rewrite the standard report or take the help of IT personnel to do it for you.
Further, in advanced business analytics software, you may discover the ability to perform calculations on an ad-hoc basis, similar to what’s possible in Microsoft Excel. That makes it easy to apply filters, summaries, calculations, and get answers to the questions you have and freely experiment with different things.
Getting Results Fast
Companies may use ad hoc reporting to get something quickly and get intelligence in a simple way. Business leaders may perform ad-hoc analysis in BI to create simple reports and queries around any department – sales, production, supply chains, finance, customer care or any other department. So, even if you lack the traditional tech skills, you can easily drill down to the details and pose additional questions. Sounds interesting? So, the time is now to invest in Tableau software India to reap the benefits that a business analytics software can bring in.