Collect Targeted Data from Web Using Data Extractor Tools

The use of data to enhance your business prospects is a widely acknowledged fact. It is therefore very important that you have access to relevant data and not just any data in order to further your growth prospects. Utilizing the features and benefits of Web Scraper tools can help you achieve this goal effortlessly.

Customizing Web Extraction Tools for Your Business

The Internet is a maze of information repositories and identifying the right information from the right source may pose to be a major challenge. Moreover, data incorrectly sourced may result in erroneous analysis leading to a faulty strategy and slow growth for your business.  The risk is, however, considerably mitigated by employing Web extractor tools in your business processes and leveraging the advantages they provide.

Web extraction tools are used for the singular task of extracting relevant unstructured data from specific web sites and providing business users with a set of structured useable data. They perform this vital task with the help of scripting languages like python, Ruby, or Java. The biggest advantage of utilizing Web extraction tools is its ability to be customized as per the business requirement. This is easily achieved by defining the specific seed list you wish to scrape in the crawler script. A Seed list is the series of URLs that you wish to scan in order to extract the relevant data.  Thus defined, the crawler will scan only the targeted URLs. Along with the Seed list you can also specify the following relevant information to customize the scraper tool and ensure that it delivers as per your requirement. These defining parameters include:

•     Define the number of pages you wish the scraper to crawl
•     Define the specific file types you want the scraper to crawl
•     Define the type of data you would like to extract

This ensures that you can launch a focused search for the specific type of data that you wish to extract and also defines the appropriate source you want the crawler to access.

Benefits of using Targeted Data

Every business pertains to a specific domain. Its growth prospects, its revenue and its present standing are all defined by the demands and dynamics of that domain. Therefore, undertaking a study of its individual domain is one of the chief pre-requisites that your business must concentrate its efforts on in order to accelerate its growth. Moreover, through your business, you need to conduct a detailed analysis of competitive data in order to remain contextual in your specialized domain. Web Extractor tools have been equipped to understand this need and scrape pertinent data to foster growth patterns that strike the right chords. Some of the benefits leveraged from the extraction of targeted data include:

•     Updated financial information from competitor sites on stock prices and product prices helps you to estimate and launch competitive rates for your stocks and products
•     Studying market trends for a competitor’s products help you to position your product and plan your promotional campaigns effectively
•     Studying analytics of competitor websites will ensure that you are able to plan your web promotions in a far more effective way
•     Extracting data from blogs and websites that cater to your personal interests and hobby areas help you to build up your own knowledge repository which you can leverage to achieve benefits for your business as and when required.

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.

Web Data Extraction- The most convenient and easy way to extract data from the internet

Web data extraction is the most proficient technique that will help you find the pertaining data for your existing business or any personal use. Many times, we find that experts’ copy and paste information manually from web pages or download the entire website which is a waste of time and effort.

Now with the new technique of Web data extraction you can crawl through loads and loads of web pages in order to extract particular data and at the same time save this data in the following manner

•     CSV FILE
•     XML FILE or
•     Any other custom format for future use.

Below given are some instances of Web data extraction processes:

•     Take a government portal, extracting names of citizens for a survey
•     Search for competitor websites for product pricing and feature information
•     Utilize web scraping to download images from a stock photography site for website design

How can Web Data Extraction serve you?

 You can extract data from any kind of websites like

Extract Data from any kind of Websites: Directories, Classified Websites, News, Websites, Blogs, Articles, and Job Portals, Search Engines, eCommerce Websites, Social Media Websites and any kind of websites whose content can be accessible. Extract Emails, Contacts, Price/Rate, Features, Contact Names, Contact Details, Full Text, Live updates, ASINs, Meta Tags, Address, Phone, Fax, Latitude & Longitude, Images, Links, Reviews, Ratings, etc. Help in Data Collection, Competitor Analysis, Research, Business Intelligence, Social Media Trend analysis, Brand Monitoring, Lead Data Collection, Website & Competitor Web Monitoring, etc. Deliver Data in any Database, Excel, CSV, Access, Text, My SQL, SQL, Oracle, etc. and in any format Custom Services of Web Data Extraction as per client need one time Data Delivery or Continued/Scheduled Data Delivery

The next is Website Data Scraping:

 Web site Data Scraping is the process of extracting data from a website by using a particular software program available from proven website only.

This extracted data can be utilized by any person and for any purposes as per their needs and wants; data extracted can be used in different industries. There are many companies providing best Website data scraping services.

It is one such field which has active developments and also shares a common objective that needs a breakthrough in the following:

•     Text Processing
•     Semantic Understanding
•     Artificial Intelligence
•     Human Computer Interactions

There are many users or end users, companies and experts that need information or data that is accessible in some or the other format. In such cases Web Data Extraction can tailor the need of extracting data from any proven source and preserve the data on a particular destination.

The source platform contains:

•     Excel
•     CSV
•     MySQL and
•     Others

Moreover, the technique of Web data extractor can also extract information from various websites like Google, Amazon, LinkedIn, EBay and many others.

It can also extract data from eCommerce shopping websites, or other social networking websites, any public websites, classifieds websites, job portal websites and any other search engine websites.

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.

Diamond Mines And Mining Techniques

Diamonds remain to this day a mystical gem with a somewhat checkered past. The story of the Hope diamond is based on a long legend of misfortunes supposedly befalling its various and colorful owners. Segregation and mistreatment of blacks in diamond mines in Africa has long been a terrible mark on humanity in that part of the world. Although early white miners were treated better the working conditions endured by all diamond miners were less than humane. Fortunately most of today's mines while still depending on human labor have most of the heavy work done with machinery.

Contrary to popular belief diamonds are mined in areas other than Africa. Some of the better known diamond mines are these.

* Argye one of the Rio Tinto company mines is located in Western Australia.

* Diavik another Rio Tinto mine is located in Canada.

* Ekati owned by BHP Billiton and located in the Northwest Territories of Canada.

* Baken owned by Trans Hexis is located in South Africa.

* Merlin owned by Striker Resources is located in Australia.

* Orapa owned by a partnership between DeBeers and the government of Botswana is in Botswana.

* Premier owned by the De Beers Company is located in South Africa.

Diamond ore is extracted from these mines using basically four mining techniques which are based on the type of geology in which the diamond bearing material is located.

Marine Mining is the most recent development introduced about 1990. This technique is similar to deep water oil drilling. A large shaft is bored into the seabed to a depth where diamond bearing soil is located and that material is sucked to the surface. Also underwater vehicles called "crawlers" move along the seabed to scoop up diamond bearing gravel and pump it to the surface.

Placer Diamond Mining is a technique that is seen many times in movies of the old West. The diamonds are buried in river banks or mountain sides and water canons are used to wash the material down to be processed.

Hard Rock Diamond Mining is again familiar to movie fans as they watched coal miners or gold and silver miners digging their way into deep underground tunnels. Of course the technique is modern now and makes use of many specialized machines to do the heavy work.

Open-Pit diamond mining is similar to the pit coal mines of West Virginia and some western states. Overburden which is the soil covering the diamond embedded material is moved by machinery and blasting. The diamond bearing material is then moved to processing plants. This technique is common when the diamond bearing material is found close to the surface of if the geology is so unstable that tunneling is not safe or practical.

From this short article it should be apparent that diamonds take long and interesting journeys before they find a cherished spot on your finger or ear lobes.

Source: http://ezinearticles.com/?Diamond-Mines-And-Mining-Techniques&id=4800018

Safeguarding the Future Through Data Mining

Web scraping can be a powerful tool not only in business and research. In fact, it has the capacity to protect the future by its predicting power. You may find this declaration incredible; but data mining is indeed a tangible way of predicting future events and thus protecting life in the future.

With the thousands of years of existence on earth, humans are able to gather as much information and experience to have a glimpse of what is to come. With the cycles of changes in the environment and in the whole universe aside from the human behavior, so much can be learned and applied.

At least three major things can be determined by careful and diligent data mining. These are: future threats; future trends; and future tactics.

Future threats

According to reports, the US intelligence agencies have been using web extraction as a way of studying the present and past terrorism acts and personages to predict future terrorist events. This has been actively done since the year 2010.

Data is gathered about a known terrorist such as: his activities; his contacts; his routines; the places he frequents; and other related information. These data are analyzed and classified. Any suspicious activities as well as unusual contact are monitored closely. Through these stored data and monitoring processes, any untoward activities can be precluded and preempted. You may say that terrorists can be using data mining too; and that is obviously possible. In this way, web scraping can also be used as a weapon for destruction. There is then a need for the government agencies to be very careful in protecting their data so that the enemies cannot retrieve them.

In the overall picture, you can just imagine how many lives, trauma, and damage can be prevented if future terrorist activities are prevented.

Moreover, climate change is another phenomenon that has already been predicted and is beginning to occur nowadays. Scientists have been studying the effects of global warming and environmental degradation through online data too. So much information drives and warning have been published by scholarly papers and by the experts but many of these have remained unheeded. Now that erratic weather conditions are happening, people can only regret and feel guilty that they are part of the cause of the problem.

However, it is not really too late to do some actions. People can avoid places where abnormal conditions are expected to happen; they can do some measures to protect themselves; and they can be informed ahead of time before anything catastrophic could happen.

Future trends

In relation to the predictions of possible threats, data extraction can also predict future trends. This is most helpful in businesses because they can be helped to produce items and employ strategies that will suit the expected patrons and clients.  Since history tends to repeat itself, data gathered in the past and present if studied judiciously and compared intelligently can bring in positive results.

Oftentimes, the companies that study their books as well as of those who have gone before them can gain more knowledge and expertise that will surely put them ahead of their contemporaries.

Future tactics

Naturally, along with knowing the possible events and trends in the future, strategies and ways to combat threats and cope with trends can also be predicted through web scraping.

Safeguarding the future is no longer a dream or wish. As early as today, experts can create equipment, structures, strategies, and even weapons to prevent any untoward incidents and collateral damage.

Studying the strengths and weaknesses of the past and present plans, procedures, and tools can lead to better technologies and techniques. The future can be a better and safer place if people can learn from the mistakes of the past and go from good to better.

The statement: “The best is yet to come,” will finally be realized if proper management of data and information collected and analyzed through web scraping will be conducted.

Bright future

Looking at the horizon, one can always expect the sun to shine and bring in a bright day. This same positive expectation for the future is indeed possible. Thanks to data mining; life can be handled more securely and precisely.

It does not mean that humans have become gods. It only proves that a person’s talents and skills, when used properly can make his/her future brighter and more successful. On the other hand, carelessness and lack of sensibilities to other people and the environment can surely bring in future doom.

Everything is laid bare and you are given the chance to handle the present with enough wisdom and capabilities. Although the world is too big to be understood and there is still a huge field of knowledge to be conquered, life can surely go on positively.

Source:http://www.loginworks.com/blogs/web-scraping-blogs/257-safeguarding-the-future-through-data-mining/

About Web Scraping and Web Data Mining

Web scraping as suggested by the name simply refers to method of obtaining data or information from an array of websites. This has greatly revolutionized how companies obtain data and put this obtained data into significant use.This has greatly helped many firms and individuals in different spheres transact in the most effective ways. With the internet offering a very large base for obtaining information, various companies have resorted to use web scraping as method of getting information. Relevance of needed data is of great importance since it is the determining factor of what and how data has to be scraped. A good number of data mining companies have come up to help individuals and organizations get the information as per their requirements. These companies also provide software which when installed in a computer may be of great importance to the business.

Depending on the organizations background it may opt to choose between mining the data for themselves or actually employing the services of a data mining company. These organizations have data mining experts who actually are better suited to handle data professionally. As it sounds it is not every ones job since it is computer languages that are used therefore it is only those with relevant knowledge that are well suited to handle this jobs.

Although short cuts are considered dangerous, in this case hiring the services of this experts may bring with it better results with minimized costs than doing the job internally What brings about the idea of a company going for a particular data mining company? For obvious reasons it may because of some eye catching advertisement somewhere. Mostly businesses do extensive research when it comes to making this choice and depending on the gravity sensitivity and format of sort data. These companies provide the needed data in the most comprehensive and in the needed format hence wastage of time as a resource is unheard in these businesses.

web scraping and data mining Research done by these companies ought to be converted to meaningful results. This is done by carrying out meaning full analysis and deducing relevant conclusions from this data. This operation greatly improves the efficiency of these organizations. Analysis done on this is carried by asking relevant questions regarding some aspects regarding the operations of the business. Questions that are frequently asked may take a certain form like, how viable could this be in the short run? In the quest of these answers it is then that meaningful analysis is done.

Data mining companies have given the business word a major boost in the accusation of data from the internet which may now be considered as the largest information resource. It also through this data mining that results from surveys across various parts of the world is acquired. This eliminates the need for this company carrying out these researches for themselves .Of particular importance is the aspect of language barriers making an individual company seeks the services of a reputable data mining firm. Therefore from all the above considerations it can be deduced that, if only a business is to achieve its objectives only proper web scraping techniques from reputable firms should be employed.

Web data mining refers to ways and methods which are used in seeking information from a wide array of websites. Companies and individuals employ this in their daily operations since in the current word lack of information can be a major setback. This is simply because it is through data mining that enterprises will be able to market their businesses, get information regarding upcoming promotions and sometimes make relevant discoveries. This explains why companies are investing lots of resources all aimed in the search of relevant information. After this organizations have gathered this information implementation of obtained information is vital. Therefore data mining should be coupled with relevant implementation to count it as a success. Analysis of information is quite important .Since bulky information obtained may not be necessarily required in that form. This is done using software that is capable of giving a good analysis of the data.

Analysis is done in different ways depending on requirements like one may require a summary or categorized data. Previously when data mining was not greatly used software developments were minimal .Recently there are great improvements in this field since many organizations are embracing it particularly those in third world countries. This has greatly improved turnovers of a good number of companies. Previously many firms used to collect data manually. This of course proved to be a very slow method and a tiring one. Many firms had to increase their staff to cope with this bulk in workload. Considering this age where capitalism is thriving they risked being faced out since it is the case where only the strongest survive and the weaker ones pave way. Time was a factor in realizing an increase in number of organization using this technologically advanced approach. Usage of this collected information is actually used to foster better growth of the company.

Based on previous findings from various analysis techniques are employed by the firms employees irrespective of their ranks. For examples managers may employ web data mining to make good and realistic decisions that are consistent or better than those which other companies are using. Information may also aid in improvement of business infrastructure since in the modern word infrastructure development is on the rise. Better infrastructure acquired on time will actually give the business a big thrust ahead of their competitors. With the relevant data mining software’s companies are able to do meaningful research and developments. For instance companies are able to address issues regarding their customers preferences, their individual wants .

A company may easily know who their customers are, what they are their likes and also their economic abilities. This can be used when the company decides to give offers, discounts and many other customer enticing actions. For example a soft drink company will have to place its promotions during winter since it is then that their customers are unlikely to buy their services. With this great increase in number of resources on the websites no individual can afford to ignore data mining.

Source: http://www.loginworks.com/blogs/web-scraping-blogs/247-web-scraping-and-web-data-mining/

Data Mining vs Screen-Scraping

Data mining isn't screen-scraping. I know that some people in the room may disagree with that statement, but they're actually two almost completely different concepts.

In a nutshell, you might state it this way: screen-scraping allows you to get information, where data mining allows you to analyze information. That's a pretty big simplification, so I'll elaborate a bit.

The term "screen-scraping" comes from the old mainframe terminal days where people worked on computers with green and black screens containing only text. Screen-scraping was used to extract characters from the screens so that they could be analyzed. Fast-forwarding to the web world of today, screen-scraping now most commonly refers to extracting information from web sites. That is, computer programs can "crawl" or "spider" through web sites, pulling out data. People often do this to build things like comparison shopping engines, archive web pages, or simply download text to a spreadsheet so that it can be filtered and analyzed.

Data mining, on the other hand, is defined by Wikipedia as the "practice of automatically searching large stores of data for patterns." In other words, you already have the data, and you're now analyzing it to learn useful things about it. Data mining often involves lots of complex algorithms based on statistical methods. It has nothing to do with how you got the data in the first place. In data mining you only care about analyzing what's already there.

The difficulty is that people who don't know the term "screen-scraping" will try Googling for anything that resembles it. We include a number of these terms on our web site to help such folks; for example, we created pages entitled Text Data Mining, Automated Data Collection, Web Site Data Extraction, and even Web Site Ripper (I suppose "scraping" is sort of like "ripping"). So it presents a bit of a problem-we don't necessarily want to perpetuate a misconception (i.e., screen-scraping = data mining), but we also have to use terminology that people will actually use.

Source: http://ezinearticles.com/?Data-Mining-vs-Screen-Scraping&id=146813

4 Types of Mining and Quarry Equipment

You've surveyed the land, spent hours of painstaking research planning the process, and now you are ready to take your mining to the next level. The next phase of the journey will involve the proper equipment. There are several different types of equipment that go into mining. This article will cover some different types of mining equipment to get you started; and if you've already started, it will provide you with valuable knowledge to upgrade your equipment in the future.

Vibrating Feeder

A vibrating feeder is a type of linear direction feeding equipment. Vibrating feeders are widely used in mining and quarry operations and offer several features. Its features include smooth vibrating, dependable operation, and lengthy service life; most importantly, vibrating feeders are suitable for feeding. It consists of a vibrating frame, vibrator, spring, motor vibrating device and motor. The motor causes the vibrating feeder's shafts to rotate, which produces massive power and forces the feeder to vibrate. As the feeder vibrates, materials pass through its funnel and are screened. Common feeder applications include chemicals, minerals, coal, aggregates, and industrial materials.

Permanent and Self Cleaning Magnets

Both permanent and self cleaning magnets can be used on conveyor belts. A permanent magnet is built from a material that is magnetized and creates its own constant magnetic field. Permanent magnetic separators are used on conveyor belts when only limited levels of ferrous metals are expected to pass through. Self cleaning magnets are based on the technology of permanent and electro magnets. The purpose of self cleaning magnetic separators is to automatically remove and separate metallic and non metallic materials.

Forklifts

A forklift is an essential piece of equipment to any mining operation. Industrial forklifts can efficiently move mining supplies and material. Rough terrain forklifts can handle rugged conditions and still manage to perform well. With the standard attachments, a forklift can scoop, grip, pull, lift, scrape, clean, and load almost anything on a mine. Forklifts are extremely versatile and will increase the efficiency of your mining process.

Earthmoving and Construction Equipment

Earthmoving and construction equipment are essential to any mining or quarry operation. This equipment is often used in construction, turf, and excavation work. Examples of earthmoving and construction equipment include: backhoes, bulldozers, and dumpers. A backhoe loader is used for a wide range of jobs including excavating or breaking asphalt. A backhoe loader is a tractor with an arm linking a bucket to the front and a second arm attaching a backhoe in the rear. One benefit of a backhoe loader is that it is fairly small and versatile. A bulldozer is used to push heavy loads like sand from a demolished structure. It is usually much larger than a backhoe loader. A dumper is also designed to carry heavy loads, but these loads are usually in smaller quantities than those of a bulldozer. Backhoes, bulldozers, and dumpers are three types of earthmoving equipment that are critical to the success and efficiency of a mining or construction project.

These are some quarry, mining & construction Equipment in Perth and other places, which are quite essential and useful in these processes. Click on this link to get more information on other necessary equipment.

Source: http://ezinearticles.com/?4-Types-of-Mining-and-Quarry-Equipment&id=7383379

Why Outsourcing Data Mining Services?

Are huge volumes of raw data waiting to be converted into information that you can use? Your organization's hunt for valuable information ends with valuable data mining, which can help to bring more accuracy and clarity in decision making process.

Nowadays world is information hungry and with Internet offering flexible communication, there is remarkable flow of data. It is significant to make the data available in a readily workable format where it can be of great help to your business. Then filtered data is of considerable use to the organization and efficient this services to increase profits, smooth work flow and ameliorating overall risks.

Data mining is a process that engages sorting through vast amounts of data and seeking out the pertinent information. Most of the instance data mining is conducted by professional, business organizations and financial analysts, although there are many growing fields that are finding the benefits of using in their business.

Data mining is helpful in every decision to make it quick and feasible. The information obtained by it is used for several applications for decision-making relating to direct marketing, e-commerce, customer relationship management, healthcare, scientific tests, telecommunications, financial services and utilities.

Data mining services include:

•    Congregation data from websites into excel database

•    Searching & collecting contact information from websites

•    Using software to extract data from websites

•    Extracting and summarizing stories from news sources

•    Gathering information about competitors business

In this globalization era, handling your important data is becoming a headache for many business verticals. Then outsourcing is profitable option for your business. Since all projects are customized to suit the exact needs of the customer, huge savings in terms of time, money and infrastructure can be realized.

Advantages of Outsourcing Data Mining Services:

•    Skilled and qualified technical staff who are proficient in English

•    Improved technology scalability

•    Advanced infrastructure resources

•    Quick turnaround time

•    Cost-effective prices

•    Secure Network systems to ensure data safety

•    Increased market coverage

Outsourcing will help you to focus on your core business operations and thus improve overall productivity. So data mining outsourcing is become wise choice for business. Outsourcing of this services helps businesses to manage their data effectively, which in turn enable them to achieve higher profits.

This article is courtesy of Flori Lee - an executive at Outsourcing Web Research offer high quality and time bound comprehensive range of data mining services at affordable rates. We are specialized in providing data mining services at 60% less data mining rates.

Source: http://ezinearticles.com/?Why-Outsourcing-Data-Mining-Services?&id=3066061

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