A BI dashboard is a visual interface that connects to live data sources and updates automatically, giving teams a current view of performance. A report is typically a static document that captures data at a single point in time. Dashboards support ongoing monitoring and real-time decision-making, while reports are better suited for periodic analysis, documentation, or sharing with stakeholders who need a fixed snapshot. Most organizations use both: dashboards for daily operations and reports for board presentations, compliance documentation, or historical analysis.