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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240 - INTRODUCTION TO DATA PROCESSING/MANGEMENT OF INFORMATION TECHNOLOGY Objectives To give a thorough and up-to-date grounding in the realities of commercial applications of Information and Communication Technologies (ICT’s). To Examine the roles of data‚ information and knowledge within modern business organisations‚ and the roles that information and communication technologies (ICT’s) play in supporting people and groups within organisations. To provide students with a thorough understanding
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There are many key differences that are important to understand between data oriented and process oriented approaches to designing a new system. The system focus of the data views and process views are entirely different. The process view focuses on what the systems supposed to do and when‚ while the data view has a focus on what the system needs to operate. Another noteworthy difference that distinguishes the two views is the design stability. The design stability of a process view is a more limited
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having too much data‚ and what to do about them There is rarely an instance of business that you can encounter that does not involve the processing of data on information systems these days. Businesses and organizations use information systems in a majority of their functions‚ and as a result‚ are creating mass amounts of data. Because data is so crucial to business operations‚ it is being gathered‚ stored‚ and utilized in exponential amounts compared to the previous decade. These data stores can
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Religion/Cultural Influences The Second Great Awakening‚ also known as the Great Revival‚ changed not only the upper class‚ well-educated people’s perspective of religious teachings‚ but also the lower and less wealthy class. This Great Awakening was not specific to any area of America‚ but it was mainly active in the Northeast and Midwest. This awakening brought to attention the rights of people‚ including women and slaves‚ and abstinence from alcohol. This lead to people making decisions in their
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Topic 1: The Data Mining Process: Data mining is the process of analyzing data from different perceptions and summarizing it into useful evidence that can be used to increase revenue‚ cut 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. Association‚ Clustering‚ predictions and sequential patterns‚ decision trees and classification
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Introduction to Data Mining Assignment 1 Ex1.1 what is data mining? (a) Is it another hype? Data mining is Knowledge extraction from data this 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. So‚ data mining definitely is not another hype it can be viewed as the result of the natural evolution of information technology. (b) Is it a simple transformation of technology developed
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DATA ORGANIZATION‚ PRESENTATION AND ANALYSIS Research Methods 1 Data Organization and Presentation To make interpretation and analysis of gathered data easier‚ data should be organized and presented properly. The usual methods used by researchers are textual‚ tables‚ graphs and charts. 1.1 Textual Data can be presented in the form of texts‚ phrases or paragraphs. It involves enumerating important characteristics‚ emphasizing significant figures and identifying important features of
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Lecture Notes 1 Data Modeling ADBMS Lecture Notes 1: Prepared by Engr. Cherryl D. Cordova‚ MSIT 1 • Database: A collection of related data. • Data: Known facts that can be recorded and have an implicit meaning. – An integrated collection of more-or-less permanent data. • Mini-world: Some part of the real world about which data is stored in a database. For example‚ student grades and transcripts at a university. • Database Management System (DBMS): A software package/ system to facilitate
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You Can Do With Data/The Information Architecture of an Organization What is the difference between data and information? Give examples. Data = discrete‚ unorganized‚ raw facts Quantity Sold‚ Course Enrollment‚ Customer Name‚ Discount‚ Star Rating. Information = transformation of those facts into meaning. Financial data (deposits)‚ daily loans. What is a transaction? Action performed in a database management system What are the characteristics of an operational data store? Stores
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