A framework provides on-demand access to standardized or custom reports, dashboards, and data visualizations. This model allows organizations to offload the complexities of report creation and maintenance to a specialized provider. An illustrative example would be a company subscribing to a platform that automatically generates sales performance reports, financial statements, or marketing analytics dashboards, based on data feeds from various source systems.
Such offerings reduce the burden on internal IT and business intelligence teams, allowing them to focus on core competencies. Advantages include cost savings through economies of scale, access to expertise in data analysis and visualization, and improved agility in responding to changing business needs. Historically, this capability emerged from the growing sophistication of cloud computing and the increasing need for data-driven decision-making across all business functions.
