When I tried to preview AX report in Visual studio 2013, received above error.
As per the Tech Net / blogs, In SQL 2014, Business intelligence feature is removed. Previous versions of SQL 2014 (ex: SQL2012SP1) Business intelligence feature is available with name ‘SQL Server Data Tools’ and it comes with SQL media file. To resolve Reports preview issue we have to download and Install Business intelligence tools in your host alone.
SQL Server Data Tools – Business Intelligence for Visual Studio 2013 (SSDT-BI) Installation steps will be published in this blog very soon.
“Yours, Ravi Theja Madisetty ”