The rise of analytics has ushered in a new era of business intelligence that is taking many companies to higher levels of performance than ever before with respect to speed, agility, productivity and efficiency. This is part of a much larger trend in which companies are deciding to automate a wider range of business process management and workflow procedures, all in hopes of achieving lean operations across the board and boosting profit margins. 

Reporting analytics is an especially important innovation for a wide range of organizations, as virtually all firms will need to have some form of automation in place to ensure accurate and efficient record-keeping every day. As so many businesses have already embraced reporting analytics on a large scale, certain trends are beginning to emerge that illustrate where the private sector might be in a few years with respect to content management, compliance and relevant processes. 

Speed is king
E-Consultancy recently reported that speed is quickly becoming one of the more highly demanded attributes of analytics technology, with companies striving for not only real-time generation of insights, but also predictive capabilities. This is the natural progression of intelligence solutions in the modern era, with the highest echelon of performance being marked by prescriptive insights, which would simultaneously predict trends and offer recommendations as to how the business should react. 

According to the news provider, one study from a major technology firm found that 60 percent of companies leveraging faster analytics tools are enjoying a positive impact on revenues and earnings. What's more, 53 percent cited the acquisition of a significant competitive advantage following the deployment of these types of solutions, which happens to be much needed in the highly saturated markets of the modern era. 

The source added that speed will continue to be a focus of solution vendors and business leaders alike when approaching reporting analytics and big data. 

The outcome
When companies have a perfectly crafted and maintained reporting analytics strategy in place that yields speedy distribution of insights to leaders, responsiveness to market fluctuations, compliance requirements and emerging trends will be inherently quicker and stronger. As such, firms that have not yet started to embrace reporting analytics and other automation tools should certainly do so soon, as the smartest contenders in each industry or market will tend to come out on top each year.