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The use of technology provides data analysts and business managers the ability to accumulate data and generate reports quickly. Technology was a critical element in the development of managerial accounting. Prior to having current information available readily businesses relied on cost accounting information which took some time to compile and analysis. Now through the use of technology operational information is readily available to allow managers to make decisions the incorporate current trends and conditions into their analysis.
Companies maintain databases to organize information. A vast array of software products can take the data and construct reports that are valuable to management for decision-making. SAS Visual Analytics Overview Demo below provides a short overview of one such piece of software.
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