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QM E-Book New Version Long New 3

Section 1 - Reporting

Section 1 - Reporting versus Analytics “Reporting” and “analytics” are two distinct capabilities designed to solve two different business challenges, each with their own ROI. You may have seen the two terms interchangeably, but they are very different in terms of their purpose, tasks, outputs, delivery, and value. Reporting is best defined as: The process of organizing data into informational summaries to monitor how different areas of a business are performing. Analytics is defined as: The process of exploring data and reports in order to extract meaningful insights that can be used to better understand and improve business performance. These graphics outline the nuanced differences between the two (Photo source SAP: provided by SAP in its Analytics Roadmap update from SuccessConnect 2017) PAGE 03

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