Introducing the 3-30-300 rule for better reports

If you're looking to create better reports, you won't want to miss this insightful video introducing the 3-30-300 rule. This rule serves as a framework to focus on the three areas of impact that a report can have and the corresponding budgets required for each level of impact.

The 3-30-300 rule suggests that on a per square foot basis, a building owner will spend approximately $3 for utilities, $30 for rent, and $300 for payroll. This rule can also be applied to the world of reporting, where similarly, the highest impact reports require the greatest investment.

The first level of impact involves reports that inform users of an issue or trend. This level can be achieved with limited investment, such as through basic data analysis and visualizations. The second level of impact involves reports that prompt users to take action. These reports require a higher level of investment and may be achieved through customized dashboards. The third and most impactful level involves reports that drive transformational change. These reports require the greatest amount of investment and may involve the use of advanced analytics tools and AI-driven insights.

By following this rule, you'll be able to tailor your reporting budget to the level of impact you want to achieve, and ensure that your reports are both effective and cost-efficient.

Watch the video for more details on the 3-30-300 rule and how it can help you create better reports.

Link to the video: https://www.youtube.com/watch?v=qM8jXKc9Qco

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