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Reporting analytics must be a priority

Reporting analytics must be a priority

It did not take long for modern reporting analytics solutions to mature from relatively uncharted and misunderstood technologies to ones that can be found in virtually every industry and region of the globe. Although not all businesses and organizations are using these tools, a growing majority are beginning to lay down the groundwork to capitalize on all forms of analytics, including those used for reporting, business process management and workflow. 

Only a couple of years ago, companies were not necessarily running any type of risk in not embracing modern big data technologies, but this has changed quite a bit in a relatively short period of time. Now, business leaders who continue to balk at reporting analytics, BPM automation and other advanced technologies are running the risk of falling behind the curve – and the competition – or losing relevance in their respective markets. 

The brass tacks
A recent eWEEK article discussed some of the prevailing themes and predictions that are circulating throughout the analytics community today, affirming that one of the clearest trends emerging right now is the rise of comprehensive BPM overhauls using big data. According to the news provider, virtually every business process will be at least somewhat impacted by analytics and big data within the near future, as these tools help drive the sustainability and intelligence of management practices. 

Additionally, the source stated that there will likely be an increasing push for big data applications that are intuitive and affordable, meaning that a wider variety of companies will be able to leverage the technology for their own individual purposes. The eWEEK article also affirmed that predictive analytics, which is a relatively advanced capability in the grand scheme of big data use today, will hit the mainstream before long, allowing companies to make better decisions in real-time. 

Where to begin
If reporting analytics solutions have yet to be implemented, integrated and optimized in the workplace, this area might be the best place to begin. These tools will generate insights and guidance that can help leaders improve a wealth of components within their operations, including workflow, business process management and responsiveness to regulatory compliance. 

By starting small and getting those first few wins, then building the analytics strategy out at a comfortable pace, companies can enter the new era of operational management and intelligence. 

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