Qts: what are the practices of the market driven company? Ans: Meaning of Market Driven Market-Driven means that the company always tried to provide the best services to their customers‚ and obtain immediate feedback as to the quality of the service provided. It also strongly influenced by needs of potential customers using market knowledge to determine the corporate strategy of a company. A market-driven help us to determine a customer focus‚ together with awareness of competitors
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and others: Data Mining for Business Decisions. Q1. What is the business benefits of taking the time and effort required to create and operate data warehouses such as those described in the case? Do you see any disadvantages? Is there any reason why all companies shouldn’t use data warehousing technology? Ans: The business benefits of taking the time and effort required to create and operate data warehouses is to gather information in a rapid time so the business user can make decisions faster. Prior
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1. Data mart definition A data mart is the access layer of the data warehouse environment that is used to get data out to the users. The data mart is a subset of the data warehouse that is usually oriented to a specific business line or team. Data marts are small slices of the data warehouse. Whereas data warehouses have an enterprise-wide depth‚ the information in data marts pertains to a single department. In some deployments‚ each department or business unit is considered the owner of its data
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Turning data into information © Copyright IBM Corporation 2007 Course materials may not be reproduced in whole or in part without the prior written permission of IBM. 4.0.3 Unit objectives After completing this unit‚ you should be able to: Explain how Business and Data is correlated Discuss the concept of turning data into information Describe the relationships between DW‚ BI‚ and Data Insight Identify the components of a DW architecture Summarize the Insight requirements and goals of
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Stock Exchange forecasting with Data Mining and Text Mining (Marketing and Sales Analysis) Full names : Fahed Yoseph TITLE : Senior software and Database Consultatnt (Founder of Info Technology System) E-mail: Yoseph@info-technology.net Date of submission: Sep 15th of 2013 CONTENTS PAGE Chapter 1 1. ABSTRACT 2 2. INTRODUCTION 3 2.1 The research problem. 4 2.2 The objectives of the proposal. 4 2.3 The Stock Market movement. 5 2.4 Research question(s). 6 2. Background 3. Problem
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nothing seems too tiring if human tasks are aided with technology. It can be applied in any aspects of life. Computer technology would be the first on the list that provides great potential for improving effectiveness and efficiency of the information system. The use of computer has not become a major tool to simplify job and task. There is no doubt that computer technology has had a great impact on society and also brought many technical developments with it. It has brought many changes to the way
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5 reasons to use social CRM for support and services By David Taber July 19‚ 2012 11:57 AM ET 2 Comments . CIO - So this article may come as something of a surprise‚ as I’m going to be beating the drums about social CRM again‚ this time for the service and support organization. Why? Social networks give you the quickest access to customers where they already are. Almost anybody you want to do business with is somewhere on Facebook or LinkedIn or product-review networks‚ at least in the United
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business intelligence‚ data warehouse‚ data mining‚ text and web mining‚ and knowledge management. Justify and synthesis your answers/viewpoints with examples (e.g. eBay case) and findings from literature/articles. To understand the relationships between these terms‚ definition of each term should be illustrated. Firstly‚ business intelligence (BI) in most resource has been defined as a broad term that combines many tools and technologies‚ used to extract useful meaning of enterprise data in order to help
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Primary Data is Original data‚ this means that it has been collected by you‚ someone who has volunteered to assist you in your research‚ or by someone who is within your employ to gather this research‚ this does not include comparing results with your peers to help evaluate the accuracy of your own results‚ as this type of data has not been gathered by you‚ or have you had any part in the gathering of this information. There are a few ways in which primary data can be obtained‚ which includes surveys
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Censored data & Truncated data Censoring occurs when an observation or a measurement is outside the range and people don’ t know the certain value. The value is always above or below the range that people set. However‚ truncated data means that because of the limits‚ such as time‚ or space‚ people lose some data. Truncation is to cut off the data. In other words‚ we have collected and use the data‚ but the data is not in the range we have. It is called censored data. We don’t use the data because
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