4 Reasons Why You Need an Ad Hoc Reporting Tool
Ad hoc reporting enables you to answer important questions pertaining to your business by coming up with real-time reports. It is part of business intelligence that allows you to find answers to questions as they arise.
One of the main advantages of ad hoc reporting is that it involves self-service and provides instant feedback. So you don’t have to contact the IT department to create a report any time you have a question – you just use the ad hoc tool to generate the report that you need.
One question that you may be asking yourself is whether you actually need ad hoc reporting or an ad hoc reporting tool. The simple answer is ‘yes’ because in recent times, particularly with the COVID-19 pandemic, there has been an increased use of digital technologies. Many organizations are adopting digital technologies in order to stay competitive.
Let’s look at some more reasons why you need to have an ad hoc reporting tool from a reliable business intelligence support provider like InetSoft.
- To Get Focused Information
Periodic reports, such as monthly or quarterly reports, will not include real-time data. The advantage of having an ad hoc reporting tool is that it will enable you to get the information that you need instantaneously.
- To Make Data-based Decisions
Meaningful decisions are based on accurate data. You can make more informed decisions at any given time if you have data to support each decision. It is for this reason that you need a tool that will enable you to create and analyze data in real time.
Ad hoc reporting tools come with collaborative features that enable you to make data-supported decisions, analyze data and share it with everyone in your organization.
- To Save on Time and Cost
At the heart of ad hoc reporting is self-service. This means that you can create the reports that you need without having to involve another person. You save time by creating your reports fast. You also save money since you don’t have to hire an expert to create a report or analyze the data for you.
- To Optimize Technical Resources
With an ad hoc reporting tool, you can create your own reports and thus ease the burden on the IT department. So instead of the IT department having to work on reports all the time, it can focus on other priority areas of your organization’s performance.