ANALYTICAL REPORT • It is a business report used to help stakeholders decide on the best course of action. • It contains a mix of useful information to facilitate the decision- making process through a mix of qualitative and quantitative data as well as real-time and historical data. • It gathers and analyze data in order to reach a conclusion, explain why something happened, or recommend a course of action. • It attempts to understand and solve problems by providing both information and analysis, as well as recommendations. HOW TO WRITE AN ANALYTICAL REPORT? 1 Use a digital dashboard 2 Use dynamic analytical reports 3 Pick a right chart 4 Design accordingly 5 Select a proper KPI template 6 Make the report accessible 1 USE A DIGITAL DASHBOARD • Reports can be written on spreadsheets, word documents, or files. • In order to make accurate reports, businesses should utilize digital dashboards. • Online dashboards are visualization tools that businesses use to manage their overall operations. • Utilizing visualizations such as charts and graphs, they communicate information to the user, so he/she can create reports that allow for quick insights and evaluations. 2 USE DYNAMIC ANALYTICAL REPORTS
Static Report Dynamic Report
• A fixed data set • It continually changes
• It is prepared once after it's recorded in from the underlying order to maintain its data, and they do not integrity. change. 3 PICK A RIGHT CHART • Picking the correct chart that conveys data findings is important because every type of chart has a different function. • Reporting tools allow users to choose the best type of graph that works for their particular set of data. • Some of these include multi-series line graphs, combination charts, pie charts, scatterplots, column charts, and single value charts. 3 PICK A RIGHT CHART
Multi-Series Line Graphs Combination Charts Pie Charts
92 %
Scatterplots Column Charts Single Value Charts
4 DESIGN ACCORDINGLY Avoid chart packing Don't put too many charts and widgets into analytical reports because they can overwhelm and distract the user. Use consistent color scheme Try utilizing different hues of the same color to avoid overwhelming the eye. Display data in a visual hierarchy Put the most important data in an obvious location. 5 SELECT A PROPER KPI TEMPLATE • Key performance indicators are measurements that evaluate a company's performance. • The user can then track and dig deep into KPIs by utilizing a template that is appropriate for the type of analysis they need. • Some examples include marketing, human resources, management, IT, finance, sales, and marketing. 6 MAKE THE REPORT ACCESSIBLE
• Making the report accessible online, employees
can log into the company dashboard at any time and access any necessary data when needed. • This improves internal business intelligence because a greater number of employees can gain access to information and make evaluations more quickly. WHY ARE ANALYTICAL REPORTS IMPORTANT? IMPROVED PRODUCTIVITY • You can use this data to improve and streamline business operations, thereby increasing overall productivity. IMPROVED COMMUNICATION • The report provides data analytics to each team member, allowing them to have intelligent conversations about an issue, question, or opportunity. INCREASED COLLABORATION • If you're trying to resolve a challenge, you and your team members can use the data from the report to discuss potential solutions together. IMPROVED ADAPTABILITY • Analytical reports enable you to improve your team's ability to adapt to market changes. • If you have accurate data, you can use it to adjust your team's operations and manage changes as they happen. 125 TYPES OF ANALYTICAL 100 REPORTS 75 1 Market Analysis 50 2 Financial Analysis 25 3 Operations Analysis 0 1 2 3 4 5 4 Trend Analysis TYPES OF ANALYTICAL REPORTS Market Analysis Operations Analysis It can utilize both external and Analytical reports can internal data in order to assist provide operational analysis with making vital decisions by demonstrating how regarding the company's efficiently the company is marketing budget and running and ways to increase campaign choices. productivity. Financial Analysis Trend Analysis A company's financial team To study current market may conduct an analysis to trends in order to learn more about the outperform their company's finances. competitors. Wardiere Inc.