Litgb Assignment
[Type the company name] | LITGB ASSIGNMENT |
Ques-1 What is data mining, data warehousing, ERP, SCM (supply chain mgt), CRM and cloud computing and how these concepts/technology are related to each other?
ANSWER
a) Data warehousing * Data warehousing is a technique. * A data warehouse is a subject-oriented, integrated, time-variant and non-volatile collection of data in support of management's decision making process. * Data warehousing can be used to analyze a particular subject area. For example, "sales" can be a particular subject. A data warehouse is a copy of transaction data specifically structured for query and analysis. * Data warehouses are read only, integrated databases designed to answer comparative and “what if” questions.
Some of the applications of data warehousing include: * Agriculture * Biological data analysis * Call record analysis * Churn Prediction for Telecom subscribers, Credit Card users etc. * Decision support * Financial forecasting * Insurance fraud analysis * Logistics and Inventory management * Trend analysis * Companies use data warehousing for 1) validation, 2) tactical reporting, or 3) exploration.
* DW has been used as an important strategic tool to achieve organization’s objective. This gives important input on customer profiles and inheritance patterns, information that is used to strategic advantage.
b) Data mining
Data mining, is also known as "knowledge discovery," refers to computer-assisted tools and techniques for sifting through and analyzing these vast data stores in order to find trends, patterns, and correlations that can guide decision making and increase understanding.
Data mining covers a wide variety of uses, from analyzing customer purchases to discovering galaxies. In essence, data mining is the equivalent of finding gold nuggets in a mountain of data. The monumental task of finding hidden gold depends heavily upon the power
Ques-1 What is data mining, data warehousing, ERP, SCM (supply chain mgt), CRM and cloud computing and how these concepts/technology are related to each other?
ANSWER
a) Data warehousing * Data warehousing is a technique. * A data warehouse is a subject-oriented, integrated, time-variant and non-volatile collection of data in support of management's decision making process. * Data warehousing can be used to analyze a particular subject area. For example, "sales" can be a particular subject. A data warehouse is a copy of transaction data specifically structured for query and analysis. * Data warehouses are read only, integrated databases designed to answer comparative and “what if” questions.
Some of the applications of data warehousing include: * Agriculture * Biological data analysis * Call record analysis * Churn Prediction for Telecom subscribers, Credit Card users etc. * Decision support * Financial forecasting * Insurance fraud analysis * Logistics and Inventory management * Trend analysis * Companies use data warehousing for 1) validation, 2) tactical reporting, or 3) exploration.
* DW has been used as an important strategic tool to achieve organization’s objective. This gives important input on customer profiles and inheritance patterns, information that is used to strategic advantage.
b) Data mining
Data mining, is also known as "knowledge discovery," refers to computer-assisted tools and techniques for sifting through and analyzing these vast data stores in order to find trends, patterns, and correlations that can guide decision making and increase understanding.
Data mining covers a wide variety of uses, from analyzing customer purchases to discovering galaxies. In essence, data mining is the equivalent of finding gold nuggets in a mountain of data. The monumental task of finding hidden gold depends heavily upon the power