Data Mining: What is Data Mining? Overview Generally‚ data mining (sometimes called data or knowledge discovery) is the process of analyzing data from different perspectives and summarizing it into useful information - information that can be used to increase revenue‚ cuts 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
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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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4V of Big Data? Imagine all the information you alone generate each time you swipe your credit card‚ post to social media‚ drive your car‚ leave a voicemail‚ or visit a doctor. Now try to imagine your data combined with the data of all humans‚ corporations‚ and organizations in the world! From healthcare to social media‚ from business to the auto industry‚ humans are now creating more data than ever before. volume‚ velocity‚ variety‚ and veracity. Volume: Scale of Data Big data is big. It’s
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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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Data mining Data mining is simply filtering through large amounts of raw data for useful information that gives businesses a competitive edge. This information is made up of meaningful patterns and trends that are already in the data but were previously unseen. The most popular tool used when mining is artificial intelligence (AI). AI technologies try to work the way the human brain works‚ by making intelligent guesses‚ learning by example‚ and using deductive reasoning. Some of the more popular
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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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Ensuring Data Storage Security in Cloud Computing Cong Wang‚ Qian Wang‚ and Kui Ren Department of ECE Illinois Institute of Technology Email: {cwang‚ qwang‚ kren}@ece.iit.edu Wenjing Lou Department of ECE Worcester Polytechnic Institute Email: wjlou@ece.wpi.edu Abstract—Cloud Computing has been envisioned as the nextgeneration architecture of IT Enterprise. In contrast to traditional solutions‚ where the IT services are under proper physical‚ logical and personnel controls‚ Cloud Computing
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WORLD DATA CLUSTERING ADEWALE .O . MAKO DATA MINING INTRODUCTION: Data mining is the analysis step of knowledge discovery in databases or a field at the intersection of computer science and statistics. It is also the analysis of large observational datasets to find unsuspected relationships. This definition refers to observational data as opposed to experimental data. Data mining typically deals with data that has already been collected for some purpose or the other than the data mining
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Big data describes innovative methods and technologies to capture‚ distribute‚ manage and analyze larger-sized data sets with high rate and diverse structures that conventional data management methods are unable to handle. Digital data is now everywhere—in every sector public or private‚ economy‚ organization and customer of digital technology. There are many ways that big data can be used to create value across sectors of the global economy. It has demonstrated the capacity to improve predictions
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