Types of Business Software Tools
- Enterprise application software (EAS)
- Digital Dashboards - Also known as Business Intelligence Dashboards, Enterprise Dashboards, or Executive Dashboards, these are visually based summaries of business data that show at-a-glance understanding of conditions through metrics and Key Performance Indicators (KPIs). A very popular BI tool that has arisen in the last few years.
- Online Analytical Processing, commonly known as OLAP (including HOLAP, ROLAP and MOLAP) - a capability of some management, decision support, and executive information systems that supports interactive examination of large amounts of data from many perspectives.
- Reporting software generates aggregated views of data to keep the management informed about the state of their business.
- Data mining - extraction of consumer information from a database by utilizing software that can isolate and identify previously unknown patterns or trends in large amounts of data. There are a variety of data mining techniques that reveal different types of patterns. Some of the techniques that belong here are Statistical methods (particularly Business statistics) and Neural networks as very advanced means of analysing data.
- Business performance management (BPM)
Read more about this topic: Business Software
Famous quotes containing the words types of, types, business and/or tools:
“... there are two types of happiness and I have chosen that of the murderers. For I am happy. There was a time when I thought I had reached the limit of distress. Beyond that limit, there is a sterile and magnificent happiness.”
—Albert Camus (1913–1960)
“Our major universities are now stuck with an army of pedestrian, toadying careerists, Fifties types who wave around Sixties banners to conceal their record of ruthless, beaverlike tunneling to the top.”
—Camille Paglia (b. 1947)
“Do not craze yourself with thinking, but go about your business anywhere.”
—Ralph Waldo Emerson (1803–1882)
“No man is born into the world, whose work
Is not born with him; there is always work,
And tools to work withal, for those who will:
And blessèd are the horny hands of toil!”
—James Russell Lowell (1819–1891)