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No two businesses are the same and that’s why it has become fundamental to take data analytics to the next level by leveraging third-party tools to give advanced and tailored analysis unique to your requirements.
Exporting reports to third-party tools such as Microsoft Power BI, Excel and SharePoint can streamline workflows and provide a range of benefits for organizations looking to enhance their data analysis, collaboration, and operational efficiency. Different products offer unique features meaning they each offer a wide range of benefits to your reporting strategy to help you uncover deeper insights and make data-driven decision making more impactful. Let’s look at some of the benefits of doing this in greater detail:
Third-party tools such as Microsoft Power BI, SharePoint and Excel often offer more sophisticated analytical functions, enabling deeper insights and more complex data manipulation than you can achieve using your typical reporting solution. They can help connect data sets and transform or clean data so you can answer questions in real-time and examine different scenarios within the data.
You can normally access advanced visualization options to create more intuitive and interactive reports. Power BI provides sophisticated dashboards and visual representation of data allowing you to create visual stories through your data.
Many third-party tools are built with collaboration in mind and provide a quick and easy means of sharing data with departments and key personnel across your business through features such as dashboards, real-time editing, and commenting. Most third-party tools are intuitive and user friendly and popular tools such as Excel mean that most employees can delve into reports and pick up the basics, in many cases, even without too much training or an advanced analytical background.
Many third-party tools are optimized to handle large datasets efficiently, providing faster processing and response times for both small and large businesses. What’s more, utilizing cloud-based products ensures scalability by allowing businesses to manage increasing amounts of data without significant infrastructure investments.
Third-party tools often come with robust security features, including data encryption, access controls, and compliance with industry standards.
These tools can help enforce data governance policies by providing clear audit trails, version control, and role-based access.
The ability to customise reports and visuals is one of the biggest benefits of exporting to third-party tools as you can manipulate your data in a variety of ways to suit your business requirements and tailor the insight into exactly what you need. This level of customisation is what takes your business intelligence capabilities beyond reporting and to the next level.
Leveraging third-party tools gives access to cutting-edge technologies like machine learning and AI for predictive analytics and automation. What’s more, these tools are frequently updated with new features and improvements, ensuring that users always have access to the latest advancements.
Exporting reports to third-party tools can significantly enhance the capabilities of an organization’s business intelligence efforts, providing more advanced analytics, improved data integration, better collaboration, and overall, more effective use of data and enhanced decision making. In today’s fast-paced business landscape, you need to be taking your data analysis efforts to the next level to maintain a competitive edge and equip yourself with the insight needed to swiftly respond to changing market conditions and customer expectations. When no two businesses are the same, giving yourself the tools that allow you to manipulate your data and tailor the insight to suit your goals is a fundamental advancement in business reporting.
Here at Pegasus, we are soon to be offering the ability to extract data directly from Opera 3 SE to third-party tools such as Microsoft Power BI, Excel and SharePoint via the Opera 3 SE Data Connector. For more information about this functionality please contact us today or learn more here.
Posted On: July 17, 2024
