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3 common reporting pains that people search for the most

If you’re struggling to effectively report on business performance, what do you do? You might ask a colleague for help, struggle on and work through your problems, or you might look online for a solution.

We’ve sought out the reporting issues that people search for the most and, in this post, we’ll provide solutions to these problems through the use of business intelligence software.

Excel spreadsheet problems

Keyword

Monthly Search Volume

Disadvantages of excel

50

Excel reporting problems

10


It’s very common for businesses of all shapes and sizes to use Microsoft Excel as a reporting tool. Excel is a widely-used piece of software – and for good reason too. It’s powerful and the capabilities are almost endless.

However, with all its benefits comes a number of drawbacks as well. They are:

  • Data security: Even when an Excel document is password protected, there are ways around this for people to still be able to access data.

  • Data easily becomes out of date: Data must be exported from databases and then has to be worked on in Excel. By the time the report is finished, the information is already out of date.

  • Human error: When entering data and creating formulas, people naturally make mistakes, which leads to errors in data.

  • Time and resource: Formatting reports in Excel often takes time and manpower. This resource could be better spent elsewhere, to push the business forward.

  • Skills gap: Being proficient in Excel is a skill in its own right. Many people don’t have the required level of expertise in Excel to create meaningful reports.

Panintelligence connects directly to your data source, which removes the need for time spent exporting and manipulating data in Excel. The data that’s shown is always up to date and refreshes automatically, which allows you to make decisions based on data you can trust.

A business intelligence dashboard is also more secure than holding data in Excel, we connect directly to the data source, meaning we don’t need to move data around. It’s also easy to use and requires no technical skills to builds reports, meaning it’s accessible for anyone in a business.

Data security

Keyword

Monthly Search Volume

Big data security issues

20

Data security concerns

10


Data that a company holds is often sensitive, whether it’s information on employees, the financial situation of the business, or data relating to products, sales, and profitability.

In the wake of GDPR, data security became even more important than it was before, as the threat of businesses being fined in addition to publicised data leaks made people up their security standards.

Common issues and problems include:

  • Moving data around: Exporting information, moving it into the cloud or to a data warehouse, or holding data on unsecured devices.

  • Poor data protection: Lack of passwords or weak passwords used, or a lack of restriction on users’ access to data.

  • Human error: Staff accidentally or purposefully changing or tampering with data.

The Panintelligence Dashboard doesn’t require users to move data around or export it from a database. Users can connect to their databases using our simple and secure API to query the data at source.

Users’ access to data can be restricted by administrators of the dashboard to ensure that all data is securely locked down. Therefore, users can only see the data that’s relevant to them, and admin users can restrict what people can and can’t edit.

Our product also supports single sign-on and OAuth integration to ensure security is tight when users are logging in and out of the dashboard.

Our business intelligence dashboard is also thoroughly tested before each release. These tests cover a range of things, including functionality of the product, bugs, new features, and security.

Data warehouses

Keyword

Monthly Search Volume

Disadvantages of a data warehouse

10

Data warehouses problems

10


When companies originally began to set up business intelligence software, it was often commonplace to set up a data warehouse in conjunction with this. Traditionally, it gave businesses the advantage of being able to store all their data in one place.

However, there are numerous disadvantages associated with data warehouses you should be aware of.

  • Additional reporting: In larger organisations, data required for the warehouse may need to come from multiple teams, which may have to be duplicated or gathered, and this takes time and resource.

  • Resource requirements and costs: Building a data warehouse often requires IT staff to devote their time and energy to the project, moving budget from elsewhere in the company. There are also ongoing maintenance costs to factor in.

  • Data security: When moving data into a warehouse or into the cloud, the security around your data is only as good as the vendor who provides it. You also have to maintain access rights and ensure no data is leaked.

  • Flexible reporting: Data warehouses often have few advanced reporting features, like the ability to drill down to underlying data or to easily keep data up to date.

With Panintelligence, there’s no need to move data around. By keeping data at source and on premise, you can control the security around it much better than if it were moved into a data warehouse or the cloud.

The API also allows data to be updated automatically in the dashboard meaning that time doesn’t have to be wasted on refreshing information manually.

Buying in a pre-built solution is often cheaper in the long run, as businesses avoid the costs of building their own solution, and maintaining and improving it over time.

Purpose-built BI and analytics solutions like Panintelligence also offer a plethora of reporting features, such as a drilldown ability, multiple chart types, predictive analytics, and scheduled reports, which would take an in-house development team many months or years to properly replicate.

 

Panintelligence was designed to remedy a range of common reporting problems, covering every issue listed above and more. With a background in the Finance industry, the security around the product suite is of the highest standard, being GDPR- and PCI-compliant.

Read more about our products here or arrange a free demo.

Written by Matt

Matt is Panintelligence’s Digital Marketing Executive, who’s responsible for the SEO and content strategy of the company website. He previously spent four years working at a leading digital agency in Leeds. When Matt’s not optimising the Panintelligence website, he can be found playing video games, managing his YouTube channel, or out on a walk with a guaranteed pub stop.