Reporting solutions- via the reports they generate- encapsulate the rules required to understand business information and turn it in to knowledge.īusinesses that don’t engage in this process are literally leaving money on the table and failing to maximize the effectiveness of their business. This is one of the primary roles filled by reporting solutions. Taking data from simple “information” to “knowledge” requires analytics, or the application of some understanding of the data to highlight issues, trends, and changes in the data that are relevant to business decisions. Research, however, shows that most of this information fails to deliver any real value to the business because it is not being transformed into “knowledge.” With the advent of modern computer workflows, most businesses are collecting tons of “information” about their operations.
In this quick introductory look at reporting, we’ll try to clearly establish what a reporting solution is, how reports differ from documents, why you should adopt a reporting solution for your organization, and how Telerik’s Reporting solution is the perfect fit for delivering the business critical reports you need. Usually, the term “report” is used to describe any document or display that contains data, but when you start talking about “reporting,” a report has a more specific definition that can sometimes be difficult to understand. Reports are something everybody has heard of before, and they are ubiquitous in most business environments. The key to delivering that information to business decision makers in a timely fashion is reports. It requires that you have the right information at the right time to make important business decisions. Surviving these times and continuing to grow your business requires that you fully understand the way your business is operating. Businesses are faced with increasing pressure to find ways to optimize their operations and “tighten their belts” to continue delivering value and making a profit. There is no question about it: global economic times are tough right now. What can I do with reporting solutions?.