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 INTEGRATION Data integration involves combining data residing in different sources and providing users with a unified view of these data. This process becomes significant in a variety of situations‚ which include both commercial (when two similar companies need to merge their databases and scientific (combining research results from different bioinformatics repositories‚ for example) domains. Data integration appears with increasing frequency as the volume and the need to share existing data explodes
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number of articles on “big data”. Examine the subject and discuss how it is relevant to companies like Tesco. Introduction to Big Data In 2012‚ the concept of ‘Big Data’ became widely debated issue as we now live in the information and Internet based era where everyday up to 2.5 Exabyte (=1 billion GB) of data were created‚ and the number is doubling every 40 months (Brynjolfsson & McAfee‚ 2012). According to a recent research from IBM (2012)‚ 90 percent of the data in the world has been
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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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Data Mining On Medical Domain Smita Malik‚ Karishma Naik‚ Archa Ghodge‚ Shivani Gaunker Shree Rayeshwar Institute of Engineering & Information Technology Shiroda‚ Goa‚ India. Smilemalik777@gmail.com; naikkarishma39@gmail.com; archaghodge@gmail.com; shivanigaunker@gmail.com Abstract-The successful application of data mining in highly visible fields like retail‚ marketing & e-business have led to the popularity of its use in knowledge discovery in databases (KDD) in other industries
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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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Components of DSS (Decision Support System) Data Store – The DSS Database Data Extraction and Filtering End-User Query Tool End User Presentation Tools Operational Stored in Normalized Relational Database Support transactions that represent daily operations (Not Query Friendly) Differences with DSS 3 Main Differences Time Span Granularity Dimensionality Operational DSS Time span Real time Historic Current transaction Short time frame Long time frame Specific Data facts Patterns Granularity Specific
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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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