Data Analytics and Reporting: Two Sides of the Data Coin
Data analytics and reporting play a major role in improving operational efficiency and business outcomes in many ways. In modern-day business intelligence practices Data analytics and reporting form two essential components each serving distinct purposes. Data analytics examines the presented data to make decisions, while reporting is used to present complicated and unstructured data in a more simple and meaningful form with the use of graphs and dashboards. While there are noticeable differences between data analytics and reporting, they are often referred to as the same. Let’s delve into some of the key differences between data analytics and reporting, their importance, and provide examples to illustrate their applications. Key differences between Data Analytics and Reporting Data analytics involves the process of examining raw data both structured and unstructured from multiple data sources to draw conclusions about the data analyzed and make informed decisions. It encompasses...