information. Financial accounting is that basic process with management‚ investor‚ creditors and other eternal parties as the users of the accounting information. Management accounting involves accumulating‚ classifying‚ interpreting and presenting financial data primary for management and other insiders. 1.2 Cost Accounting A type of accounting process that aims to capture a company ’s costs of production by assessing the input costs of each step of production as well as fixed costs such as depreciation
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Big Data‚ Data Mining and Business Intelligence Techniques 2 What is Data? • Data is information in a form suitable for use with a computer. • There are two types of data ▫ Structured ▫ Unstructured • The total volume of data is growing 59% every year. • The number of files grow at 88% every year. 3 What is Big Data? Exa Analytics on Big Data at Rest Up to 10‚000 Times larger Peta Data Scale Giga Data at Rest Tera Data Scale Mega Traditional Data Warehouse
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Decision-making is an essential aspect of modern management. It is a primary function of management. A manager’s major job is sound/rational decision-making. He takes hundreds of decisions consciously and subconsciously. Decision-making is the key part of manager’s activities. Decisions are important as they determine both managerial and organizational actions. A decision may be defined as "a course of action which is consciously chosen from among a set of alternatives to achieve a desired result
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About Transaction Processing System According Dan Matthews and Rick Veague that databases are the integration point where applications that are connected can communicate with each other. Now‚ Companies are investing for a new technology that eliminates or lessen errors and to gain advantage. This is the integration point that is necessary in building competence in management by investing in database technology to achieve lessen cost. ( Matthews D.& Veague R. (2007). Why Database-agnostic
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Humans are processors of information and can process things in different ways. Serial and parallel processing are two ways. Serial is the way the mind processes things sequentially‚ one thing at a time. For example‚ when reading a book‚ you cannot process all the words in one glance or even reading the sentences of this forum. Instead‚ you have read in a sequence‚ from left to right and process each word. Parallel is when the mind processes things simultaneously‚ more than one thing at a time (Schmidt
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university 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
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SMS CUSAT Reading Material on Data Mining Anas AP & Alex Titty John • What is Data? Data is a collection of facts and information or unprocessed information. Example: Student names‚ Addresses‚ Phone Numbers etc. • What is a Database? A structured set of data held in a computer which is accessible in various ways. Example: Electronic Address Book‚ Phone Book. • What is a Data Warehouse? The electronic storage of large amount of data by business. Concept originated in
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Big Data Management: Possibilities and Challenges The term big data describes the volumes of data generated by an enterprise‚ including Web-browsing trails‚ point-of-sale data‚ ATM records‚ and other customer information generated within an organization (Levine‚ 2013). These data sets can be so large and complex that they become difficult to process using traditional database management tools and data processing applications. Big data creates numerous exciting possibilities for organizations‚
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Next Generation Mobile Analytical Instruments Palm Nuclear Magnetic Resonance System (PNMR) University Research & Entrepreneurship Symposium April 1‚ 2010 Dr. Marcus Semones WaveGuide Corporation WaveGuide is an early stage mobile analytical instrument company building a suite of next generation handheld (i) infrared and (ii) nuclear magnetic resonance spectrometers for portable use in multiple untapped markets. WaveGuide’s business model: •Acquire exclusive worldwide licensing for existing
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