Data Mining Information Systems for Decision Making 10 December 2013 Abstract Data mining the next big thing in technology‚ if used properly it can give businesses the advance knowledge of when they are going to lose customers or make them happy. There are many benefits of data mining and it can be accomplished in different ways. The problem with data mining is that it is only as reliable as the data going in and the way it is handled. There are also privacy concerns with data mining
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A glimpse of Big Data Jan. 2013 What is big data? “Big data is not a precise term; rather it’s a characterization of the never ending accumulation of all kinds of data‚ most of it unstructured. It describes data sets that are growing exponentially and that are too large‚ too raw or too unstructured for analysis using relational database techniques. Whether terabytes or petabytes‚ the precise amount is less the issue than where the data ends up and how it is used.”------Cite from EMC’s report
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DATA | INFORMATION | 123424331911 | Your winning lottery ticket number | 140593 | Your date of birth | Aaabbbccd | The grades you want in your GCSEs | Data and information Data‚ information & knowledge Data Data consist of raw facts and figures - it does not have any meaning until it is processed and turned into something useful. It comes in many forms‚ the main ones being letters‚ numbers‚ images‚ symbols and sound. It is essential that data is available because it is the first
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Chapter 1 Exercises 1. What is data mining? In your answer‚ address the following: Data mining refers to the process or method that extracts or \mines" interesting knowledge or patterns from large amounts of data. (a) Is it another hype? Data mining is not another hype. Instead‚ the need for data mining has arisen due to the wide availability of huge amounts of data and the imminent need for turning such data into useful information and knowledge. Thus‚ data mining can be viewed as the result of
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There are many key differences that are important to understand between data oriented and process oriented approaches to designing a new system. The system focus of the data views and process views are entirely different. The process view focuses on what the systems supposed to do and when‚ while the data view has a focus on what the system needs to operate. Another noteworthy difference that distinguishes the two views is the design stability. The design stability of a process view is a more limited
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billion bytes of data in digital form be it on social media‚ blogs‚ purchase transaction record‚ purchasing pattern of middle class families‚ amount of waste generated in a city‚ no. of road accidents on a particular highways‚ data generated by meteorological department etc. This huge size of data generated is known as big data. Generally managers use data to arrive at decision. Marketers use data analytics to determine customer preferences and their purchasing pattern. Big data has tremendous potential
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Data Mining Abdullah Alshawdhabi Coleman University Simply stated data mining refers to extracting or mining knowledge from large amounts of it. The term is actually a misnomer. Remember that the mining of gold from rocks or sand is referred to as gold mining rather than rock or sand mining. Thus‚ data mining should have been more appropriately named “knowledge mining from data‚” which is unfortunately somewhat long. Knowledge mining‚ a shorter term‚ may not
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Data warehousing is the process of collecting data in raw form for analyzing trends. The benefits to data warehousing are improved end-user access‚ increased data consistency‚ various kinds of reports can be made from the data collected‚ gather the data in a common place from separate sources and additional documentation of data. Potential lower computing costs‚ increased productivity‚ end-users can query the database without using overhead of the operational systems and creates an infrastructure
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Topic 1: The Data Mining Process: Data mining is the process of analyzing data from different perceptions and summarizing it into useful evidence that can be used to increase revenue‚ cut costs or both. Data mining software is one of a number of analytical tools for analyzing data. It allows users to analyze data from many different dimensions or angles‚ categorize it and summarize the relationships identified. Association‚ Clustering‚ predictions and sequential patterns‚ decision trees and classification
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Introduction to Data Mining Assignment 1 Ex1.1 what is data mining? (a) Is it another hype? Data mining is Knowledge extraction from data this need for data mining has arisen due to the wide availability of huge amounts of data and the imminent need for turning such data into useful information and knowledge. So‚ data mining definitely is not another hype it can be viewed as the result of the natural evolution of information technology. (b) Is it a simple transformation of technology developed
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