Hello @LindaDessert - I've been using CD1 to create reports, dashboards, etc. for over four years now and have 991 related project files in that project directory. I mention that only to point out I have some experience with CD1. As for CD2, the new data schema uses data sets which is notably different than the current CD1 star schema. So everything I've created will need to be updated to the new data structure. This is both exciting but also a little daunting at the same time. But I like to be challenged.
As far as creating reports, dashboards, etc., if you desire an efficient system, I do recommend contracting with Canvas for their Redshift service. With this you can generate reports that pull data from the live connection or you can schedule data extracts every evening, etc. using a service such as Tableau Online.
I'd be glad to join a call to demo some of what we have done using Tableau but also how we ended up downloading CD1 into our institutional data warehouse. We are now using OBIEE for dashboard delivery. Use of our organizations OBIEE tool enabled merging data between Canvas and the SIS. This is quite useful for academic assessment, program assessment, etc.