Preview

Data Mining Applications: Questionnaire

Satisfactory Essays
Open Document
Open Document
251 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Data Mining Applications: Questionnaire
Name :- Dhaval Ruparel
Batch :- SMBA – 13
Roll No :- 05
Subject :- CIS
CASE STUDY 01

Ans 1:-
The Technologies used by various companies for catching thieves were :-
a) CCTV
b) EAS
There Limitations were :-
a) They help us to catch the customers but does-not helps us to catch the employees within the Company.

Ans 2:-
Jaeger use the Data Mining applications which catch the thieving employees within the Company. Hence those employee which gave more discount in billing,etc could be easily caught. With the help of Data Mining, the whole company data from different branches can be centralized which help in tracking and maintaining the stock.

Ans 3:-
With the help of Data Mining, the company first centralized the data and then they started inquiring the data in detail. Also they continue to use the application to ask more questions of the data so that they can understand whether the system is reporting a false positive or a genuine loss.

Ans 4:-
The benefits achieved with data mining are as follows:-
a) Centralizing the data
b) Increase in Sales therefore Increase in Profit. c) Easily Maintaining the Stock thereby reducing the need for markdowns By comparing the statistics data with pre-data mining period, the losses of Sales reduced by 1.3% average for UK retailers.

Ans 5:-
The different challenges faced during implementing Data Mining are as follows:-
a) Local Constraints
b) Difficulty to set-up data feeds between Jaeger's existing store applications and its new centralized

You May Also Find These Documents Helpful

  • Better Essays

    One of the considered “best fine food stores” around is the Kudler Fine Foods. However, Kudler is in serious need of a network infrastructure upgrade of their old one. To introduce the latest technologies in data collection; company communication; and information protection while providing the best data speeds and network access; are the main goals of the enterprise network. This huge step is significant as this will increase the revenue and will reduce the costs of operation throughout the Kudler Fine Foods stores. Kudler Fine Foods will go back up to technological speed as the network upgrade is completed, while at the same time improving the way they keep track of inventory and sales by using data mining techniques, which will be collected and analyzed in real time.…

    • 1908 Words
    • 6 Pages
    Better Essays
  • Good Essays

    Project Deliverable 1

    • 966 Words
    • 6 Pages

    In an uber globalized market of today, companies are faced with challenges in each and every step of their business. Our analytics and research services are geared towards giving those companies that extra edge over the competition. We process and analyze terabytes of data and break down all the fuzz and chatter around it to give our customers meaningful insights about their competition and the market they are engaged in.…

    • 966 Words
    • 6 Pages
    Good Essays
  • Good Essays

    The SEQUEY HORN CASE

    • 1305 Words
    • 6 Pages

    of the company’s lost profits was due to the price decreases and how much was related to other…

    • 1305 Words
    • 6 Pages
    Good Essays
  • Good Essays

    “If a Bag is purchased, a Blush is also purchased at that same transaction.” (“If Bag, then Blush.”) While Bag is antecedent, Blush represents consequent.…

    • 824 Words
    • 4 Pages
    Good Essays
  • Good Essays

    team assignment week 4

    • 826 Words
    • 4 Pages

    The geographically distant operations make data gathering, integration and analysis a difficult task for the company giving it a drawback against other competitors in the market. Un-availability of data to the headquarters over a centralized database caused delays in financial reporting of the company. The delay caused by the disintegration of data was damaging to company’s image from the point of view of investors and stock market value. There was no in-time information regarding:…

    • 826 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    The data is used to make better financial decisions for the company and prepare financial proposals for the company projects…

    • 590 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    They forward employees with their complaints and take them to the appropriate body. They defend their rights or protect against any injustice, listen to their ideas and suggestions. Let voice the opinion of the employees.…

    • 2224 Words
    • 9 Pages
    Good Essays
  • Powerful Essays

    Many companies are successful in understanding how to meet customer expectations, gain new customers and increase productivity and efficiency by using business intelligence and data analytics. The tools and techniques used by business intelligence give real time insight so that companies can identify opportunities, risks and track trends quickly. Collecting data alone is useless until it is analyzed. This is where data analytics come in. Data analytics is the process of obtaining and evaluating data using specialized software with the purpose of extracting useful information. (4) Data analytics is used in many industries to allow companies and organizations to make better business decisions quickly. The speed at which data is collected, organized and evaluated is critical given the speed at which technology continues to change. I believe more and more companies are utilizing data analytics so they can gain advantages over their competitors. Technology is obtaining more data than in the past so companies are seeking better ways to receive value from that data. The term business…

    • 1233 Words
    • 4 Pages
    Powerful Essays
  • Good Essays

    protection of employees and businesses. Their role has changed over time and only previously have people…

    • 810 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Mountain Man Brewery

    • 1372 Words
    • 6 Pages

    Predicting the loss of sales if using the current rate of decline, the profits for 2005 were 6.2% and if the current rate of decline in the market share that MMBC has in five years their sales will have declined by 10% and reduction in profit margin to 4.7%.…

    • 1372 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    Choicepoint

    • 3729 Words
    • 15 Pages

    The company recently faced lawsuits and industry criticisms due to the inaccuracy, breach, and misuse of personal data. As the growing concerns about security and privacy issues of the data industry loom, some new stricter regulations and laws are likely to be passed, that may threaten the company’s profit and future.…

    • 3729 Words
    • 15 Pages
    Powerful Essays
  • Powerful Essays

    Data Based Decision Making

    • 1335 Words
    • 6 Pages

    When we are faced with making the right decision based on data we have to keep in mind that the leaders is striving for success, there are critical moments when they can be problematic, perplexed, and tense. However, the audacious decisions are they are the best decision leader can make. These sources provide useful and practical guidance for making efficient and effective decisions in any classroom. However, No Child Left Behind is a very controversial federal law that The Act suggests certain improvements…

    • 1335 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    Data Mining Report

    • 2227 Words
    • 15 Pages

    DATA MINING REPORT A Comparison of K-means and DBSCAN Algorithm Data Mining with Iris Data Set Using K-Means Cluster method within Weak Data Mining Toolkit. Team Task ......................................................................................................................................... 3 1.0 Introduction ................................................................................................................................. 3…

    • 2227 Words
    • 15 Pages
    Good Essays
  • Good Essays

    Data Mining

    • 350 Words
    • 2 Pages

    The key to succeeding in this rapidly changing industry is to understand the customer, or the market that the customer represents. Through data mining, companies can know what their customers have done in the…

    • 350 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    How CCTVs can deter the happening of crime? Installing CCTVs at strategic locations or crime prone areas may hinder robbery, snatch theft, pick-pocketing, assault, gang fights and kidnapping from happening. Likewise, CCTVs aid deployment, operation and investigation of police. For instance, police can instantly alerted to suspicious incidents and directed to locations by CCTV operators. CCTVs also could provide instant imaging to police which assist the identification and provide concrete evidence to assist in the prosecution of offenders. Apart from that, CCTVs help to solve problem of employee theft for retailers. To enhance consumer safety and reduce the fear of kidnapping and rape, CCTV…

    • 521 Words
    • 2 Pages
    Satisfactory Essays

Related Topics