Data Protection Reporting: A Survey

I had dinner last night with a company that makes backup reporting software.  They have great technology, and the discussion made me think about the reporting market.

As my readers know, I believe that data protection is critical.  Companies must ensure that backup and recovery operations are completed in a timely and effective manner or they are at risk for an outage.  The idea of reporting on the efficacy of backup and recovery operations is a critical component of understanding whether data is protected.  Clearly all backup applications embed some level of reporting to provide this information, but is it enough?