Big Data‚ Data Mining and Business Intelligence Techniques 2 What is Data? • Data is information in a form suitable for use with a computer. • There are two types of data ▫ Structured ▫ Unstructured • The total volume of data is growing 59% every year. • The number of files grow at 88% every year. 3 What is Big Data? Exa Analytics on Big Data at Rest Up to 10‚000 Times larger Peta Data Scale Giga Data at Rest Tera Data Scale Mega Traditional Data Warehouse
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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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Be Data Literate – Know What to Know by Peter F. Drucker Executives have become computer literate. The younger ones‚ especially‚ know more about the way the computer works than they know about the mechanics of the automobile or the telephone. But not many executives are information-literate. They know how to get data. But most still have to learn how to use data. Few executives yet know how to ask: What information do I need to do my job? When do I need it? In what form
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Associate Level Material Comparative Data Resource: Ch. 14 of Health Care Finance Complete the following table by writing responses to the questions. Cite the sources in the text and list them at the bottom of the table. What criterion must be met for true comparability? | True comparability needs to meet three criteria: consistency‚ verification and unit measurement. (Baker & Baker‚ 2012) | What elements of consistency should be considered? Provide an example. | The elements
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is a necessity for a businesses trying to maximize its profits. A new‚ and important‚ tool in gaining this knowledge is Data Mining. Data Mining is a set of automated procedures used to find previously unknown patterns and relationships in data. These patterns and relationships‚ once extracted‚ can be used to make valid predictions about the behavior of the customer. Data Mining is generally used for four main tasks: (1) to improve the process of making new customers and retaining customers;
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Crime Data Comparison Comparing similar crimes‚ in metropolitan area such as Phoenix and Dallas. The FBI Uniform Crime Report (UCR) data shows in 2009 Phoenix had 76 reported murders‚ and Dallas with 86. Dallas with a lower population number of 1‚290‚266 had higher murder rate‚ Phoenix with population of 1‚597‚397 reported in 2009. Reported murder rates dropped in both areas in 2010‚ Dallas with 73‚ and Phoenix with a reported 50. “National reports a decrease of 6.2 percent of violent crimes during
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Mohammed Al Bittar - 1006091 1. What is meant by big data? A term used for complex sets of data which becomes very difficult to process‚ manage‚ or capture by commonly-used software. 2. What is meaning of data-driven culture? A culture where decisions made upon analyzing real statistical information. Like how Wal-Mart checks on the weather in order to provide more products to the customers; because their statistical information shows that whenever there is a storm‚ customers by
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number of articles on “big data”. Examine the subject and discuss how it is relevant to companies like Tesco. Introduction to Big Data In 2012‚ the concept of ‘Big Data’ became widely debated issue as we now live in the information and Internet based era where everyday up to 2.5 Exabyte (=1 billion GB) of data were created‚ and the number is doubling every 40 months (Brynjolfsson & McAfee‚ 2012). According to a recent research from IBM (2012)‚ 90 percent of the data in the world has been
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Introduction Data communications (Datacom) is the engineering discipline concerned with communication between the computers. It is defined as a subset of telecommunication involving the transmission of data to and from computers and components of computer systems. More specifically data communication is transmitted via mediums such as wires‚ coaxial cables‚ fiber optics‚ or radiated electromagnetic waves such as broadcast radio‚ infrared light‚ microwaves‚ and satellites. Data Communications =
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Chapter 1 Exercises 1. What is data mining? In your answer‚ address the following: Data mining refers to the process or method that extracts or \mines" interesting knowledge or patterns from large amounts of data. (a) Is it another hype? Data mining is not another hype. Instead‚ the 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. Thus‚ data mining can be viewed as the result of
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