Why do enterprises require more updated information that realtime reporting provides? How important is the demand...
Why do enterprises require more updated information that realtime reporting provides?
How important is the demand for real time reporting in business operations?
Compare and contrast the benefits and challenges of real-time reporting to that of the traditional approach.
Homework Answers
Enterprises require more updated information that realtime reporting provides to stay ahead of the competiiton. Real time reporting ensures that timely action is taken according to the changes in the industry.
The demand for real time reporting in business operations is extremely important. The top management would be cripped without it.
The benefits of rela-time reporting are mentioned below:
- It helps in taking timely and informed decisions.
- It helps to keep the workforce on their toes.
The challenges of real time reporting are mentioned below:
- It is extremely time consuming.
- It is costly to establish a real time reporting set up.
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