Streamlined financial reporting is very important for midsized businesses, helping to save both time and money. Streamlined reporting is essential for financial statements, annual reports, safety incident reporting, sales management reports, press releases, and a number of other reports. Ideal financial reporting should have the following characteristics: visibility, transparency, accountability, and ease of use. Visibility should...

Supercomputer Watson Is Helping Businesses with Forecasting Watson is the supercomputer developed by IBM, and is capable of artificial intelligence. This super intelligent technology uses a cognitive platform to understand the questions asked, then using vast processing power to crunch all of the data to find the answer. It is best known for appearing on Jeopardy in 2001 and winning. Watson was programmed to be able to answer the...

Cloud Based Business Analytics According to the research firm Gartner, the business analytics market is about $14 billion, dominated by big technology corporations like IBM, Microsoft, Oracle, SAP, and the SAS Institute. This is largely due to the high demand for products that have the ability to analyze huge amounts of data. This is illustrated in a recent Boston University report on business leaders, stating that data analysis is...

In an unstable economy, manufacturers need to respond to economic challenges and market tendencies by ensuring that their organization runs at optimal efficiency. Also, with increased consumer demand for eco-friendly and sustainable products, companies and operators are continually refining internal operations. In order to do this, the company needs a thorough understanding of how it operates relative to the company’s own historical...

Investment in Business Intelligence (BI) ventures continues to be a main focus for companies, and developing fields like predictive analytics are growing rapidly. Businesses are looking to utilize their ever-expanding data resources, in order to deduce market trends more competently, enhance product superiority, and gain ground on the competition. Traditional BI solutions use ad hoc query, reporting tools and dashboards to look at...