There are lots of different business intelligence tools out there. Ad hoc reporting is one feature that’s gaining popularity in the enterprise. Here are five benefits organizations can receive from getting better ad hoc BI reporting.
Reduces Backlog for Data Analysts
A data team can only field so many requests at a time. Once they’ve reached that point, anything beyond that will get backlogged. While this isn’t always a big deal, it can lead to setbacks if employees need to get an answer before making a decision.
Ad hoc reporting frees up time for data specialists. Many inquiries can be solved by non-data employees, assuming they have the right BI tools for the job. This greatly reduces the number of pending requests in their queues. There’s another obvious benefit to this. When the data team doesn’t have to deal with simple tasks that eat up time, they can work on more complex projects.
Delivers Broader Data Democracy
Your whole organization can offer valuable insights when employees are given access to better ad hoc BI reporting tools. As mentioned in the previous section, this can free up the time of data analysts to do more in-depth work. But it will also be beneficial to people in every department of your enterprise.
For instance, a manager might want to compare sales numbers of different widgets over a certain timeframe. With ad hoc reporting, they can get that information in seconds. These numbers can then be used to make decisions faster, with less friction.
Different permission levels can be set so people only have access to data relevant to their role. This creates a greater level of security, while also allowing people the flexibility to do more.
Another benefit to empowering workers in this way is that they can see and think about information in a new way. When doing ad hoc BI reporting, you’re aiming to answer a certain question. But getting that might then lead you down other roads as well. Having the ability to pursue those follow-up questions right away can lead to unprecedented insights. It’s helpful to choose an advanced BI platform, like ThoughtSpot, that prioritizes making these data analytics processes accessible for people without a dedicated data background.
Boosting data democracy within your business means more people have the ability to uncover insights, then take what they’ve found and factor it into their decision-making processes. The result? Better business outcomes across the board.
Shorten Time to Decision-Making
Imagine getting a report back for an inquiry. It sort of tells you what you need to know, but still has a lot missing. It took two weeks to get those answers using legacy BI and you need them for a presentation tomorrow. Even if you do follow up with the person who did the analysis, it’s unlikely you’ll be able to get what you need in that situation.
Of course, the back-and-forth work between analysts and other employees takes a lot more time than ad hoc reporting itself. Not only is it an inefficient process, but so much can get lost in translation when working in this way. There’s another challenge to consider here: A long, complicated process might dissuade people from seeking answers.
When people are empowered to do their own ad hoc reporting as questions arise, they’re able to make informed decisions much faster than if they had to wait on a static report.
Can Stimulate Overall Growth
You listen to data because you want to improve your business. The more you can substantiate through facts, the better off you’ll be when it comes time to act. Giving ad hoc BI capabilities to as many employees as possible drives growth. Why? Because employees will be equipped to make data-driven decisions that reduce error, improve operational efficiency and identify the most promising areas to focus on for sustainable growth.
At the end of the day, you’re not just selling a product or service; you’re delivering customer outcomes. Better ad hoc BI reporting helps companies produce more personalized, data-informed results for customers and clients.
There are many benefits to implementing ad hoc BI reporting tools into your organization’s workflow. Doing so can greatly increase efficiency and give your business a competitive advantage.