Why Data mining is still a powerful tool to help companies

The ability of Data mining technologies to sift through volumes of data and arrive at predictive information to empower businesses can in no way be undermined. The advent of new techniques and technologies has made the practice more affordable by organizations both big and small. The new technologies have not only helped in reducing the overhead costs of running the data mining exercise, but also simplified the practice making it more accessible for smaller and mid-size companies employ it in their organizational processes. In the current era, information is power and Web Data Mining Technologies are stretching the limits of their capabilities to help organizations acquire that power.

Data Mining Ensures Better Business Decisions

 Organizations usually have access to large databases which store millions of historical data record. Traditional practices of hands-on analysis of patterns and trends of all available data proved to be too cumbersome to be pursued and were soon replaced with shorter and more selective data sets. This caused hidden patterns to remain hidden thus blocking off possibilities for organizations to grow and evolve. However, the advent of Data Mining as a technology that automates the identification of complex patterns in those databases changed all that. Organizations, now, are engaging in a thorough analysis of massive data sets and are moving ahead to extracting meanings and patterns from them. The analysis helps to unlock the hidden patterns and enables organizations to predict future market behavior and be geared with proactive and knowledge driven decisions for the benefit of their business.

Data Mining provides Fraud Detection Capabilities

 Loss in Revenue has definite adverse impacts on a company’s morale. It slackens productivity and slows down their growth. Fraud is one of the common malpractices that eat into the organization’s revenue earning capability. Data Mining helps to prevent this and ensures a steady rise in their revenue graph. Data mining models can be built to predict consumer behavior patterns which help in effectively detecting fraud.

Data Mining Evolves to be Business Focused

 Traditional Data Mining technologies were focused more on algorithms and statistics on delivering results which, though good failed to address the business issues appropriately. The new age data mining technologies, however, have evolved to become business focused. They understand the needs that drive the business and utilize the strong statistical algorithms built into their system to explore, collect, analyze and summarize data that can be made to work for better health of the business.

Data Mining has become more Granular

 As technology evolves, organizations leverage the benefits it generates. Integration of fundamental data mining functionalists into database engines is one such innovation that has helped organizations to thoroughly benefit from its effect. Mining data from within the database instead of Web Data Extraction the data and then analyzing it saves valuable time for the organization. Moreover, as organizations can now drill down into more granular levels of the data therefore there is a higher possibility of ensuring accuracy. Moreover, as data mining software now have a more direct access to the data sets within the database, there is a higher possibility of ensuring a smoother workflow and hence a better performance.

Conclusion

 Data mining, though capable of helping organizations generate good things, however, needs to be used intelligently. It has to be strongly aligned with the organization’s goals and principles in order to ensure appropriate performance that would strengthen the organization adequately.

We are leading Webdatascraping.us company and enough capable to extract website information, review scraping, contact information scraping, business directory scraping, email list scraping etc.

Pick the top data extraction services for your needs

Data extraction has changed the way companies gather the information that they require. Long gone are the days when company dedicated entire teams to the gathering and organization of data, and instead they have come to use automated web data extraction software solutions. These solutions are faster, cheaper, and produce the result that you want in an easy manner.

How can web data extraction software help you?

There are virtually unlimited data on the internet, and you can have access to anything as long as it is in the public domain. But finding this information on your own can be one of the biggest challenges you can ever face. Collecting information on something as simple as product descriptions for an eCommerce store can take months and you still might not have complete information. No matter what field or topic, if information about it is available online, web data extraction software will find it.

Typical uses of data extraction service

There are many instances when a web data extraction service is the only sure way to get the amount of data that you require. The quality extraction software can also ensure a high level of quality in this data, and provide you the information that you require at the best prices:

•     Get the latest updates on classified websites in your region or area of interest. You can even have the data extraction customized to collect only emails or phone numbers.
•     Extract all useful information from online directories and yellow pages
•     Get every contact information that can be found on a website in the shortest possible time
•     Keep up with the job market, and get all the latest vacancies as soon as they are updated online.
•     Use the web data extraction software to generate viable business leads for you. Point it in the right direction and let it forward all relevant information to you immediately
•     Keep abreast of all the policy changes for your township, city, or country by monitoring updates on the official websites for the related organizations.
•     Follow updates from key people in your industry by extracting all the updates that they make on their social media profiles.
•     Download entire websites and have them available locally whenever you need them
•     Get web bots that not only index all the websites which you are trying to target, but also help you get access to everything that is stored on them
•     Get business intelligence that it critical to your growth in a timely and highly cost efficient manner.

There is simply too much that is possible when you make use of web data extraction services. The power that they put at your fingertips is impressive. You get complete control, and can put in highly specific requests. In fact, you can focus your data extraction efforts by websites and get tools that are designed specifically for a website. With options like LinkedIn Scraper, Google Maps Scraper and Facebook scraper available, you will never face any data shortage problems.

Websitedatascraping.com is enough capable to web data scraping, website data scraping, web scraping services, website scraping services, data scraping services, product information scraping and yellowpages data scraping.

Internet Data Mining - How Does it Help Businesses?

Internet has become an indispensable medium for people to conduct different types of businesses and transactions too. This has given rise to the employment of different internet data mining tools and strategies so that they could better their main purpose of existence on the internet platform and also increase their customer base manifold.

Internet data-mining encompasses various processes of collecting and summarizing different data from various websites or webpage contents or make use of different login procedures so that they could identify various patterns. With the help of internet data-mining it becomes extremely easy to spot a potential competitor, pep up the customer support service on the website and make it more customers oriented.

There are different types of internet data_mining techniques which include content, usage and structure mining. Content mining focuses more on the subject matter that is present on a website which includes the video, audio, images and text. Usage mining focuses on a process where the servers report the aspects accessed by users through the server access logs. This data helps in creating an effective and an efficient website structure. Structure mining focuses on the nature of connection of the websites. This is effective in finding out the similarities between various websites.

Also known as web data_mining, with the aid of the tools and the techniques, one can predict the potential growth in a selective market regarding a specific product. Data gathering has never been so easy and one could make use of a variety of tools to gather data and that too in simpler methods. With the help of the data mining tools, screen scraping, web harvesting and web crawling have become very easy and requisite data can be put readily into a usable style and format. Gathering data from anywhere in the web has become as simple as saying 1-2-3. Internet data-mining tools therefore are effective predictors of the future trends that the business might take.

If you are interested to know something more on Web Data Mining and other details, you are welcome to the Screen Scraping Technology site.

Source: http://ezinearticles.com/?Internet-Data-Mining---How-Does-it-Help-Businesses?&id=3860679

Why Online Coverage Matters

To track online coverage is not just a fad these days. It is one of the tools that everyone can use to maintain a good image; monitor responses from guests or clients; and sell your ideas, products or services. It is one of the innovations of the computer age that has really made online presence a very strategic place to gain success in business, research, and all other ventures that one can think about.

The benefits that tracking online brings can never be measured by money because it in itself is an investment that no one can steal from you. You control it and you make good things happen to you and your business beyond your expectations.

Maintain a Good Image

A good image is something everyone works hard to achieve which with just one simple error of judgment or destructive criticism may ruin it in just a split second. As with all the best efforts you put on yourself to look good and attractive, you should also exert time and energy to make your online presence appealing and pleasing to all viewers regardless of age, nationality, and preferences.

Maintaining online presence can be done by the owner him or herself if the company is easy enough to  single handy or you may need an expert to do it for you at a reasonable coast. If you do not know how to do it, you read a lot of instructional articles and blogs or you can research the providers who can do the job for you efficiently and effectively.

Source: http://www.loginworks.com/blogs/web-scraping-blogs/online-coverage-matters/

The New Gold Rush: Exploring the Untapped ‘Data Mining’ Reserves of Top 3 Industries

In a bid to reach new moms bang on time, Target knows when you’ll get pregnant. Microsoft knows Return on Investment (ROI) of each of its employee. Pandora knows what’s your current music mood. Amazing, isn’t it?

Call it the stereotype of mathematician nerds or Holy Grail of predictive analysts of modern day, Data Mining is the new gold rush for many industries.

Today, companies are mining data to predict exact actions of their prospective customers. That means, when a huge chunk of customer data is seen through a series of sophisticated, formatted and collective data mining process, it can help create future-ready content of marketing and buying messages, diminishing scope of errors and maximizing customer loyalty.

 Also a progressive team of coders and statisticians help push the envelope as far as the marketing and business tactics are concerned by collecting data and mining practices that are empowering.

Mentioned below is a detailed low-down of three such industries (real estate, retail and automobile) where LoginWorks Software has employed the most talented predictive analysts and comprehensive behavioral marketing platforms in the industry. Let’s take a look.

Real Estate Industry Looks Past the Spray-And-Pray Marketing Tactic By Mining User Data.

A supremely competitive market that is to an extent unstructured too, the real estate industry needs to reap the advantageous benefits of data mining. And, we at LoginWorks Software understand this extremely well!

Our robust team of knowledge-driven analysts make sure that we predict future trends, process the old data and rank the areas using actionable predictive analytics techniques. By applying a long-term strategy to analyze the trend and to get hold of the influential factors that are invested in buying a property, our data warehouses excels in using classical techniques, such as Neural Network, C&R Tree, linear regression, Multilayer Perception Model and SPSS in order to uncover the hidden knowledge.

By using Big Data as the bedrock of our Predictive Marketing Platform, we help you zero-in on the best possible property available for your interest. Data from more than a dozen of reliable national and international resources to give you the most accurate and up-to-the minute data. Right from extracting a refined database of one’s neighborhood insights to classic knowledge discovery of meaningful l techniques, our statisticians have proven accuracy. We scientifically predict your data by:

•    Understanding powerful insights that lead to property-buying decisions.

•    Studying properties and ranking them city-wise, based on their predictability of getting sold in the future.

•    Measuring trends at micro level by making use of Home Price Index, Market Strength Indicator, Automated Valuation Model and Investment analytics.

Our marketing platform consists of the mentioned below automated features:

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Image source: http://www.smartzip.com/corp/wp-content/uploads/2013/07/marketing-automation1.png

Data Mining Techniques for Customer Relationship Management and Customer Retention in Retail Industry

Data mining to a retailer is what mining gold to a goldsmith would be! Priceless, to say the least. To understand the dynamics and suggestive patterns of customer habits, a retailer is always scouting for information to up his sales and generate future leads from existing and prospective consumers. Hence, sourcing your birth date information from your social media profiles to zooming upon your customer’s buying behaviour in different seasons.

For a retailer, data mining helps the customer information to transform a point of sale into a detailed understanding of (1) Customer Identification; (2) Customer Attraction; (3) Customer Retention; and (4) Customer Development. A retailer can score potential benefits by calculating Return on Investment (ROI) of its customers by:

•    Gaining customer loyalty and long-term association

•    Saving up on huge spend on non-targeted advertising and marketing costs

•    Accessing customer information, which leads to directly targeting the profitable customers

•    Extending product life cycle

•    Uncovering predictable buying patterns that leads to a decrease in spoilage, distribution costs and holding costs

Our specialised marketing team targets customers for retention by applying myriad levels of data mining techniques, in both technological and statistical perspective. We primarily make use of ‘basket’ analysis technique that unearths links between two distinct products and ‘visual’ mining techniques that helps in discovering the power of instant visual association and buying.

Role of Data Mining in Retail Sector

Image Source: http://www.coolavenues.com/sites/default/files/Data%20Mining%201.jpg

Image Source: http://www.coolavenues.com/sites/default/files/Data%20Mining%201.jpg

Spinning the Magic Wheel of Data Mining Algorithms in Automobile Industry of Today

Often called as the ‘industries of industries’. the automobile industry of today is robustly engrossed in constructing new plants, and extracting more production levels from existing plants. Like food manufacturing and drug companies, today, automakers are in an urgent need to build sophisticated data extraction processes to keep themselves all equipped for exuberantly expensive and reputation-damaging incidents. If a data analytics by Teradata Corp, a data analytics company, is to be believed then the “auto industry spends $45 billion to $50 billion a year on recalls and warranty claim”. A number potentially damaging for the automobile industry at-large, we reckon!

Hence, it becomes all the more imperative for an automobile company of repute to make use of enhanced methodology of data mining algorithms.

Our analysts would help you to spot insightful patterns, trends, rules, and relationships from scores and scores of information, which is otherwise next to impossible for the human eye to trace or process. Our avant-garde technicians understand that an automative manufacturing industry does not interact on one-to-one basis with the end consumers on a direct basis, hence we step into the picture and use our fully-integrated data mining feature to help you with the:

•    Supply chain procedure (pre-sales and post-sales services, inventory, orders, production plan).

•    Full A-Zee marketing facts and figures(dealers, business centers, social media handling, direct marketing tactics, etc).

•    Manufacturing detailing (car configurations/packages/options codes and description).

•    Customers’ inclination information (websites web-activities).

Impact of Big Data Analytics of Direct Vehicle Pricing

Image Source: http://www.slideshare.net/FrostandSullivan/impact-of-big-data-on-automotive-industry

Image Source: http://www.slideshare.net/FrostandSullivan/impact-of-big-data-on-automotive-industry

Bottom line

To wrap it all up, it is imperative to understand that the customer data is just as crucial for an actionable insights as your regular listings data. Behavioural data and predictive analysis is where the real deal lies, because at the end of the day it is all about targeting the right audience with the right context!

 Move forward in your industry by availing LOGNWORKS SOFTWARES’ comprehensive, integrated, strategic and sophisticated Data Mining Services.

Source: http://www.loginworks.com/blogs/web-scraping-blogs/can-identify-buying-preferences-customers-using-data-mining-techniques/

How Web Data Extraction Services Will Save Your Time and Money by Automatic Data Collection

Data scrape is the process of extracting data from web by using software program from proven website only. Extracted data any one can use for any purposes as per the desires in various industries as the web having every important data of the world. We provide best of the web data extracting software. We have the expertise and one of kind knowledge in web data extraction, image scrapping, screen scrapping, email extract services, data mining, web grabbing.

Who can use Data Scraping Services?

Data scraping and extraction services can be used by any organization, company, or any firm who would like to have a data from particular industry, data of targeted customer, particular company, or anything which is available on net like data of email id, website name, search term or anything which is available on web. Most of time a marketing company like to use data scraping and data extraction services to do marketing for a particular product in certain industry and to reach the targeted customer for example if X company like to contact a restaurant of California city, so our software can extract the data of restaurant of California city and a marketing company can use this data to market their restaurant kind of product. MLM and Network marketing company also use data extraction and data scrapping services to to find a new customer by extracting data of certain prospective customer and can contact customer by telephone, sending a postcard, email marketing, and this way they build their huge network and bu
ild large group for their own product and company.

We helped many companies to find particular data as per their need for example.

Web Data Extraction

Web pages are built using text-based mark-up languages (HTML and XHTML), and frequently contain a wealth of useful data in text form. However, most web pages are designed for human end-users and not for ease of automated use. Because of this, tool kits that scrape web content were created. A web scraper is an API to extract data from a web site. We help you to create a kind of API which helps you to scrape data as per your need. We provide quality and affordable web Data Extraction application

Data Collection

Normally, data transfer between programs is accomplished using info structures suited for automated processing by computers, not people. Such interchange formats and protocols are typically rigidly structured, well-documented, easily parsed, and keep ambiguity to a minimum. Very often, these transmissions are not human-readable at all. That's why the key element that distinguishes data scraping from regular parsing is that the output being scraped was intended for display to an end-user.

Email Extractor

A tool which helps you to extract the email ids from any reliable sources automatically that is called a email extractor. It basically services the function of collecting business contacts from various web pages, HTML files, text files or any other format without duplicates email ids.

Screen scrapping

Screen scraping referred to the practice of reading text information from a computer display terminal's screen and collecting visual data from a source, instead of parsing data as in web scraping.

Data Mining Services

Data Mining Services is the process of extracting patterns from information. Datamining is becoming an increasingly important tool to transform the data into information. Any format including MS excels, CSV, HTML and many such formats according to your requirements.

Web spider

A Web spider is a computer program that browses the World Wide Web in a methodical, automated manner or in an orderly fashion. Many sites, in particular search engines, use spidering as a means of providing up-to-date data.

Web Grabber

Web grabber is just a other name of the data scraping or data extraction.

Web Bot

Web Bot is software program that is claimed to be able to predict future events by tracking keywords entered on the Internet. Web bot software is the best program to pull out articles, blog, relevant website content and many such website related data We have worked with many clients for data extracting, data scrapping and data mining they are really happy with our services we provide very quality services and make your work data work very easy and automatic.

Source:http://ezinearticles.com/?How-Web-Data-Extraction-Services-Will-Save-Your-Time-and-Money-by-Automatic-Data-Collection&id=5159023

Why Web Scraping Software Won't Help

How to get continuous stream of data from these websites without getting stopped? Scraping logic depends upon the HTML sent out by the web server on page requests, if anything changes in the output, its most likely going to break your scraper setup.

If you are running a website which depends upon getting continuous updated data from some websites, it can be dangerous to reply on just a software.

Some of the challenges you should think:

1. Web masters keep changing their websites to be more user friendly and look better, in turn it breaks the delicate scraper data extraction logic.

2. IP address block: If you continuously keep scraping from a website from your office, your IP is going to get blocked by the "security guards" one day.

3. Websites are increasingly using better ways to send data, Ajax, client side web service calls etc. Making it increasingly harder to scrap data off from these websites. Unless you are an expert in programing, you will not be able to get the data out.

4. Think of a situation, where your newly setup website has started flourishing and suddenly the dream data feed that you used to get stops. In today's society of abundant resources, your users will switch to a service which is still serving them fresh data.

Getting over these challenges

Let experts help you, people who have been in this business for a long time and have been serving clients day in and out. They run their own servers which are there just to do one job, extract data. IP blocking is no issue for them as they can switch servers in minutes and get the scraping exercise back on track. Try this service and you will see what I mean here.

Dheeraj Juneja, Founder & CEO, Loginworks Softwares, A Virtual IT Team for your business

Loginworks Softwares Web Scraping Service

Read more about various technical stuff at our blogs: Technical Blogs

Source: http://ezinearticles.com/?Why-Web-Scraping-Software-Wont-Help&id=4550594

Outsource Data Mining Services to Offshore Data Entry Company

Companies in India offer complete solution services for all type of data mining services.

Data Mining Services and Web research services offered, help businesses get critical information for their analysis and marketing campaigns. As this process requires professionals with good knowledge in internet research or online research, customers can take advantage of outsourcing their Data Mining, Data extraction and Data Collection services to utilize resources at a very competitive price.

In the time of recession every company is very careful about cost. So companies are now trying to find ways to cut down cost and outsourcing is good option for reducing cost. It is essential for each size of business from small size to large size organization. Data entry is most famous work among all outsourcing work. To meet high quality and precise data entry demands most corporate firms prefer to outsource data entry services to offshore countries like India.

In India there are number of companies which offer high quality data entry work at cheapest rate. Outsourcing data mining work is the crucial requirement of all rapidly growing Companies who want to focus on their core areas and want to control their cost.

Why outsource your data entry requirements?

Easy and fast communication: Flexibility in communication method is provided where they will be ready to talk with you at your convenient time, as per demand of work dedicated resource or whole team will be assigned to drive the project.

Quality with high level of Accuracy: Experienced companies handling a variety of data-entry projects develop whole new type of quality process for maintaining best quality at work.

Turn Around Time: Capability to deliver fast turnaround time as per project requirements to meet up your project deadline, dedicated staff(s) can work 24/7 with high level of accuracy.

Affordable Rate: Services provided at affordable rates in the industry. For minimizing cost, customization of each and every aspect of the system is undertaken for efficiently handling work.

Outsourcing Service Providers are outsourcing companies providing business process outsourcing services specializing in data mining services and data entry services. Team of highly skilled and efficient people, with a singular focus on data processing, data mining and data entry outsourcing services catering to data entry projects of a varied nature and type.

Why outsource data mining services?

360 degree Data Processing Operations

Free Pilots Before You Hire

Years of Data Entry and Processing Experience

Domain Expertise in Multiple Industries

Best Outsourcing Prices in Industry

Highly Scalable Business Infrastructure

24X7 Round The Clock Services

The expertise management and teams have delivered millions of processed data and records to customers from USA, Canada, UK and other European Countries and Australia.

Outsourcing companies specialize in data entry operations and guarantee highest quality & on time delivery at the least expensive prices.

Herat Patel, CEO at 3Alpha Dataentry Services possess over 15+ years of experience in providing data related services outsourced to India.

Visit our Facebook Data Entry profile for comments & reviews.

Our services helps to convert any kind of  hard copy sources, our data mining services helps to collect business contacts, customer contact, product specifications etc., from different web sources. We promise to deliver the best quality work and help you excel in your business by focusing on your core business activities. Outsource data mining services to India and take the advantage of outsourcing and save cost.

Source:http://ezinearticles.com/?Outsource-Data-Mining-Services-to-Offshore-Data-Entry-Company&id=4027029

Data Mining and Financial Data Analysis

Introduction:

Most marketers understand the value of collecting financial data, but also realize the challenges of leveraging this knowledge to create intelligent, proactive pathways back to the customer. Data mining - technologies and techniques for recognizing and tracking patterns within data - helps businesses sift through layers of seemingly unrelated data for meaningful relationships, where they can anticipate, rather than simply react to, customer needs as well as financial need. In this accessible introduction, we provides a business and technological overview of data mining and outlines how, along with sound business processes and complementary technologies, data mining can reinforce and redefine for financial analysis.

Objective:
1. The main objective of mining techniques is to discuss how customized data mining tools should be developed for financial data analysis.

2. Usage pattern, in terms of the purpose can be categories as per the need for financial analysis.

3. Develop a tool for financial analysis through data mining techniques.

Data mining:
Data mining is the procedure for extracting or mining knowledge for the large quantity of data or we can say data mining is "knowledge mining for data" or also we can say Knowledge Discovery in Database (KDD). Means data mining is : data collection , database creation, data management, data analysis and understanding.

There are some steps in the process of knowledge discovery in database, such as

1. Data cleaning. (To remove nose and inconsistent data)

2. Data integration. (Where multiple data source may be combined.)

3. Data selection. (Where data relevant to the analysis task are retrieved from the database.)

4. Data transformation. (Where data are transformed or consolidated into forms appropriate for mining by performing summary or aggregation operations, for instance)

5. Data mining. (An essential process where intelligent methods are applied in order to extract data patterns.)

6. Pattern evaluation. (To identify the truly interesting patterns representing knowledge based on some interesting measures.)

7. Knowledge presentation.(Where visualization and knowledge representation techniques are used to present the mined knowledge to the user.)

Data Warehouse:
A data warehouse is a repository of information collected from multiple sources, stored under a unified schema and which usually resides at a single site.

Text:
Most of the banks and financial institutions offer a wide verity of banking services such as checking, savings, business and individual customer transactions, credit and investment services like mutual funds etc. Some also offer insurance services and stock investment services.

There are different types of analysis available, but in this case we want to give one analysis known as "Evolution Analysis".

Data evolution analysis is used for the object whose behavior changes over time. Although this may include characterization, discrimination, association, classification, or clustering of time related data, means we can say this evolution analysis is done through the time series data analysis, sequence or periodicity pattern matching and similarity based data analysis.

Data collect from banking and financial sectors are often relatively complete, reliable and high quality, which gives the facility for analysis and data mining. Here we discuss few cases such as,

Eg, 1. Suppose we have stock market data of the last few years available. And we would like to invest in shares of best companies. A data mining study of stock exchange data may identify stock evolution regularities for overall stocks and for the stocks of particular companies. Such regularities may help predict future trends in stock market prices, contributing our decision making regarding stock investments.

Eg, 2. One may like to view the debt and revenue change by month, by region and by other factors along with minimum, maximum, total, average, and other statistical information. Data ware houses, give the facility for comparative analysis and outlier analysis all are play important roles in financial data analysis and mining.

Eg, 3. Loan payment prediction and customer credit analysis are critical to the business of the bank. There are many factors can strongly influence loan payment performance and customer credit rating. Data mining may help identify important factors and eliminate irrelevant one.

Factors related to the risk of loan payments like term of the loan, debt ratio, payment to income ratio, credit history and many more. The banks than decide whose profile shows relatively low risks according to the critical factor analysis.

We can perform the task faster and create a more sophisticated presentation with financial analysis software. These products condense complex data analyses into easy-to-understand graphic presentations. And there's a bonus: Such software can vault our practice to a more advanced business consulting level and help we attract new clients.

To help us find a program that best fits our needs-and our budget-we examined some of the leading packages that represent, by vendors' estimates, more than 90% of the market. Although all the packages are marketed as financial analysis software, they don't all perform every function needed for full-spectrum analyses. It should allow us to provide a unique service to clients.

The Products:
ACCPAC CFO (Comprehensive Financial Optimizer) is designed for small and medium-size enterprises and can help make business-planning decisions by modeling the impact of various options. This is accomplished by demonstrating the what-if outcomes of small changes. A roll forward feature prepares budgets or forecast reports in minutes. The program also generates a financial scorecard of key financial information and indicators.

Customized Financial Analysis by BizBench provides financial benchmarking to determine how a company compares to others in its industry by using the Risk Management Association (RMA) database. It also highlights key ratios that need improvement and year-to-year trend analysis. A unique function, Back Calculation, calculates the profit targets or the appropriate asset base to support existing sales and profitability. Its DuPont Model Analysis demonstrates how each ratio affects return on equity.

Financial Analysis CS reviews and compares a client's financial position with business peers or industry standards. It also can compare multiple locations of a single business to determine which are most profitable. Users who subscribe to the RMA option can integrate with Financial Analysis CS, which then lets them provide aggregated financial indicators of peers or industry standards, showing clients how their businesses compare.

iLumen regularly collects a client's financial information to provide ongoing analysis. It also provides benchmarking information, comparing the client's financial performance with industry peers. The system is Web-based and can monitor a client's performance on a monthly, quarterly and annual basis. The network can upload a trial balance file directly from any accounting software program and provide charts, graphs and ratios that demonstrate a company's performance for the period. Analysis tools are viewed through customized dashboards.

PlanGuru by New Horizon Technologies can generate client-ready integrated balance sheets, income statements and cash-flow statements. The program includes tools for analyzing data, making projections, forecasting and budgeting. It also supports multiple resulting scenarios. The system can calculate up to 21 financial ratios as well as the breakeven point. PlanGuru uses a spreadsheet-style interface and wizards that guide users through data entry. It can import from Excel, QuickBooks, Peachtree and plain text files. It comes in professional and consultant editions. An add-on, called the Business Analyzer, calculates benchmarks.

ProfitCents by Sageworks is Web-based, so it requires no software or updates. It integrates with QuickBooks, CCH, Caseware, Creative Solutions and Best Software applications. It also provides a wide variety of businesses analyses for nonprofits and sole proprietorships. The company offers free consulting, training and customer support. It's also available in Spanish.

ProfitSystem fx Profit Driver by CCH Tax and Accounting provides a wide range of financial diagnostics and analytics. It provides data in spreadsheet form and can calculate benchmarking against industry standards. The program can track up to 40 periods.

Source: http://ezinearticles.com/?Data-Mining-and-Financial-Data-Analysis&id=2752017