The use of databases as the system of record is a common step across all data mining definitions and is critically important in creating a standardized set of query commands and data models for use. To the extent a system of record in a data mining application is stable and scalable is the extent to which a data mining application will be able to deliver the critical relationship data, predictive analytics and accurately reflect the associations most critical to companies (Kuhn, Ducasse, Girba, 2007). The uses of multidimensional database systems are essential for creating the system of record on which data mining applications are based on. Data warehouses are the system of record these data mining applications rely on for completing more extensive analysis of the data sets they have available. The third process is the development of user-based applications that make queries of the data sets possible, including role-based access of the data over time (Cressionnie, 2008). Role-based access of data mining application data is critically important in the development CRM-based strategies where reports are often used for planning marketing campaigns and strategies, predicting customer purchase patterns and response rates to specific promotions (Sun, 2006). Google uses the reporting layer of their data mining applications to provide their managers, directors and senior executives with insights into how their search engine, related products and services, and specific language sites are performing over time. This data is invaluable to Google in creating new online products and services that stand a higher probability of success given their being based on the needs of customers, discovered through data mining. The fourth process is the more advanced applications used for analyzing the data and presenting it in an application that can be used by line-of-business managers, directors and senior management. Advanced applications are critically important for data mining applications to be able to create and continually monitor the four types of relationships in data (da Cunha, Agard, Kusiak, 2010). These four associative models when combined also provide a rich set of insights and intelligence for creating predictive marketing, selling and service strategies (Sun, 2006). Analyzing the data through the use of application software is also going through a revolution of its own today as AJAX (Asynchronous JavaScript) and XML networks are also streamlining the use of Web-based applications that are used for intensive data mining tasks. The streamlined design of AJAX application is leading to Web Services that can scale to support more of the front-end analysis at the client level of networks (Nayak, 2008). The next generation of data mining applications, which will be discussed at the end of this analysis, is already being built on AJAX-based technology that integrates to XML networks that have been optimized for performance gains. The last process area is that of presenting data in useful and readable formats, another area being highly influenced by the adoption of AJAX development languages and tools for Web-based data mining applications (Nayak, 2008).
Assessing Data Mining as a Technology Trend
The catalyst of data mining's growth continues to be the unmet information needs within organizations that are seeking to gain a competitive advantage from the vast data they have accumulated. The convergence of hardware advances in virtualization of server technologies and their use for accelerating complex processing tasks (Luo, Lu, Huang, He, Shi, 2006) in conjunction with the development of text mining, clustering and relational analytics engines (Berry, 2004) is drastically re-ordering the data mining landscape. In addition the acceptance of AJAX as a programming language of choice for data-intensive applications has also served to accelerate the adoption of data mining throughout geographically dispersed organizations (Nayak, 2008). Software-as-a-Service (SaaS) platforms are also being created as a result of these trends including virtualization and AJAX or then client computing (Nayak, 2008). These technologies are making it possible to more quickly and thoroughly define the associations in data and also progress through the five process areas mentioned in the previous section of this analysis.
The more fundamental catalysts of this technological trend of data mining however are found in the unmet needs of organizations, both for-profit and non-profit, to gain greater insights and intelligence into their customers, operating and processes. The role of data mining has been one of creating greater analytical tools through the use of AJAX programming, .NET, Java (J2EE) and the development of Web Services (Nayak, 2008). There is a cycle of continuous innovation occurring today as a result. The technologies are continually fuelling greater flexibility and depth of analysis, while at the same...
Data Mining Businesses can receive many benefits from data mining. Which benefits they receive, however, can also depend on the way in which their data mining is undertaken. Predictive analytics are used to understand customer behavior, and businesses use the behavior of the customer in the past to attempt to determine what the customer will do in the future (Cabena, et al., 1997). While it is not an exact science, many
Data Warehousing and Data Mining Executive Overview Analytics, Business Intelligence (BI) and the exponential increase of insight and decision making accuracy and quality in many enterprises today can be directly attributed to the successful implementation of Enterprise Data Warehouse (EDW) and data mining systems. The examples of how Continental Airlines (Watson, Wixom, Hoffer, 2006) and Toyota (Dyer, Nobeoka, 2000) continue to use advanced EDW and data mining systems and processes to streamline
Data Mining Determine the benefits of data mining to the businesses when employing: Predictive analytics to understand the behaviour of customers "The decision science which not only helps in getting rid of the guesswork out of the decision-making process but also helps in finding out the perfect solutions in the shortest possible time by making use of the scientific guidelines is known as predictive analysis" (Kaith, 2011). There are basically seven steps involved
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Similarly, the Air Force needed no only some intelligent reporting capabilities, but a way that Air Force personnel, government employees, and civilian IT contractors would work together in the evaluation of applications and reports in a more robust and real-time manner. "The intent was to provide the Keystone user community the ability to do more complex financial analysis and reporting on a "self-service" basis to reduce overall system maintenance and
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