Ad hoc reporting is in place to help answer the most critical business questions. This is through the effort of creating real-time reports through autonomy. It is part of business intelligence, capable of delivering the most agile insights to any business.
Static reports may still have a place, but they can only show desired metrics. Ad hoc reports, on the other hand, can help answer any questions you have as soon as they arrive.
What Is Ad Hoc Reporting?
It derives from the Latin term for “as the occasion requires.” This type of analysis is meant to answer questions that any existing dashboards and reports couldn’t answer. Ad hoc reports are instant, so it is considered a self-service. There is no need to ask another department to generate them.
With the help of ad hoc reporting, businesses can make line-of-business decisions far faster since both executives and managers can access that data more quickly. They are also precise and are generally considered to be single-use. There aren’t any significant bells and whistles in formatting and design.
Making Data-Supported Decisions
Any business will need to make critical decisions in a short period. One of the significant benefits of ad hoc reporting is that those decisions can be made with all the relevant data backing.
Making those decisions based on data and not a hunch can make all the difference in the world. Even drag-and-drop actions can help quickly and easily build the necessary reports for the job.
More Comprehensive Than Broad Reports
Many comprehensive reports are acceptable for forecasting and projects, which can carry on for weeks, months, and years. But ad hoc reports are more thorough and detailed than the average report.
For that reason, decisions can be made in good faith with the proper insight needed to go forward with the decision in question. It is a must for any business.