Decision support system

 

Data Mining and Data Warehousing

Purpose

The purpose of this assignment is to help you learn more about the concepts of Data Mining and Data Warehousing.

Brief Introduction

Data mining

In data mining, data is analyzed from various as well as diverse perspectives and then summarized into useful information for decision making. Different analytical tools are currently being used for this purpose. The data may be analyzed across different dimensions, which may be categorized in order to identify relationships among different variables.

Data Warehousing

Data warehousing is the process of centralizing or aggregating data from multiple sources into one common repository.

In computing, a Data Warehouse (DW) or Enterprise Data Warehouse (EDW), is a system used for reporting and data analysis. DWs are central repositories of integrated data from one or more disparate sources.

Action Items

•Give some examples where Data mining techniques are being used

•Discuss different available tools and their benefits to the business industry

•Identify current trends in Data mining and Data warehousing

•Where do you see the future of Data mining in relationship with data warehousing in next ten years.

•Respond to three other class member postings: observe, criticize or agree to their statements by giving logical and complete responses.

•Your marks will be deducted upon posting only "Thanks giving" comments