Data Mining
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CASE STUDY OF DATA MINING
Summitted by Jatin Sharma Roll no -32. Reg. no 10802192
A case study in Data Warehousing and Data mining Using the SAS System.
Data Warehouses
The drop in price of data storage has given companies willing to make the investment a tremendous resource: Data about their customers and potential customers stored in "Data Warehouses." Data warehouses are becoming part of the technology. Data warehouses are used to consolidate data located in disparate databases. A data warehouse stores large quantities of data by specific categories so it can be more easily retrieved, interpreted, and sorted by users. Warehouses enable executives and managers to work with vast stores of transactional or other data to respond faster to markets and make more informed business decisions. It has been predicted that every business will have a data warehouse within ten years. But merely storing data in a data warehouse does a company little good. Companies will want to learn more about that data to improve knowledge of customers and markets. The company benefits when meaningful trends and patterns are extracted from the data.
What is Data Mining?
Data mining, or knowledge discovery, is the computer-assisted process of digging through and analyzing enormous sets of data and then extracting the meaning of the data. Data mining tools predict behaviors and future trends, allowing businesses to make proactive, knowledge-driven decisions. Data mining tools can answer business questions that traditionally were too time consuming to resolve. They scour databases for hidden patterns, finding predictive information that experts may miss because it lies outside their expectations.
Data mining derives its name from the similarities between
CASE STUDY OF DATA MINING
Summitted by Jatin Sharma Roll no -32. Reg. no 10802192
A case study in Data Warehousing and Data mining Using the SAS System.
Data Warehouses
The drop in price of data storage has given companies willing to make the investment a tremendous resource: Data about their customers and potential customers stored in "Data Warehouses." Data warehouses are becoming part of the technology. Data warehouses are used to consolidate data located in disparate databases. A data warehouse stores large quantities of data by specific categories so it can be more easily retrieved, interpreted, and sorted by users. Warehouses enable executives and managers to work with vast stores of transactional or other data to respond faster to markets and make more informed business decisions. It has been predicted that every business will have a data warehouse within ten years. But merely storing data in a data warehouse does a company little good. Companies will want to learn more about that data to improve knowledge of customers and markets. The company benefits when meaningful trends and patterns are extracted from the data.
What is Data Mining?
Data mining, or knowledge discovery, is the computer-assisted process of digging through and analyzing enormous sets of data and then extracting the meaning of the data. Data mining tools predict behaviors and future trends, allowing businesses to make proactive, knowledge-driven decisions. Data mining tools can answer business questions that traditionally were too time consuming to resolve. They scour databases for hidden patterns, finding predictive information that experts may miss because it lies outside their expectations.
Data mining derives its name from the similarities between