Reporting is the structuring of information in such a way that it can be used to measure and monitor business performance. It’s the process of converting data into information.
Reporting can supply answers to questions like:
- What happened – and when?
- How often and how much?
- Where exactly is the problem located?
- And how can I find the solution?
Based on a pre-determined query (how many of product X did we sell in Q4?), the specific answer can be delivered by analysing and revealing the necessary information from the transactions database. It is about specific answers to specific questions.