Scribd Logo
Upload

Welcome to Scribd!

  • 11 views

    The Future of Dat A Mining - Predict Ive Analytics

    Uploaded by

    Munirul Ula
    Data mining aims to understand consumer behavior and forecast demand by discovering patterns in large data sets. It overlaps with but is distinct from other analytic approaches like data warehousing, OLAP, and enterprise analytics. While they all analyze data to drive revenue, only data mining discovers knowledge through statistical analysis of large volumes of information.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd

    The Future of Dat A Mining - Predict Ive Analytics

    Uploaded by

    Munirul Ula
    11 views9 pages
    Data mining aims to understand consumer behavior and forecast demand by discovering patterns in large data sets. It overlaps with but is distinct from other analytic approaches like data warehousing, OLAP, and enterprise analytics. While they all analyze data to drive revenue, only data mining discovers knowledge through statistical analysis of large volumes of information.

    Original Description:

    data mining

    Original Title

    Data Mining

    Copyright

    © © All Rights Reserved

    Available Formats

    PPTX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Data mining aims to understand consumer behavior and forecast demand by discovering patterns in large data sets. It overlaps with but is distinct from other analytic approaches like data warehousing, OLAP, and enterprise analytics. While they all analyze data to drive revenue, only data mining discovers knowledge through statistical analysis of large volumes of information.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    11 views9 pages

    The Future of Dat A Mining - Predict Ive Analytics

    Uploaded by

    Munirul Ula
    Data mining aims to understand consumer behavior and forecast demand by discovering patterns in large data sets. It overlaps with but is distinct from other analytic approaches like data warehousing, OLAP, and enterprise analytics. While they all analyze data to drive revenue, only data mining discovers knowledge through statistical analysis of large volumes of information.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    You are on page 1of 9

    The Future of Dat

    a Mining Predict
    ive Analytics

    Unfulfilled Expectations
    It overlaps with data profiling, data ware
    housing and even such approaches to dat
    a analysis as online analytic processing (O
    LAP) and enterprise analytic applications.

    Common Goals
    All aim at understanding consumer beha
    vior, forecasting product demand, managi
    ng and building the brand, tracking perfor
    mance of customers or products in the m
    arket and driving incremental revenue fro
    m transforming data into information and
    information into knowledge. However, th
    ey cannot be substituted for one another.

    Technology Cycle
    Data mining has endured significant cons
    olidation of products since 2000

    Predictive Analytics Enabling Technologi


    es

    Technology Hierarchy
    Data mining is a process for knowledge di
    scovery, primarily relying on generalizatio
    ns of the "law of large numbers" and the
    principles of statistics applied to them.

    Methods
    The method of data warehousing is struct
    ured query language (SQL) and its various
    extensions.

    Definition

    Data Warehousing, Data Mining and Pre


    dictive Analytic Differentiators

    You might also like