If a big data analytics solution can process data that is stored in memory, rather than data stored on a hard drive, it can perform dramatically faster, data being created by people, tools and machines, it requires new, innovative and scalable technology to collect, host and analytically process the vast amount of data gathered in order to derive real-time business insights that relate to consumers, risk, profit, performance, productivity management and enhanced shareholder value, especially, you can take advantage of the newest tools to gain remarkable insights from the data your organization routinely creates.
Descriptive mining tasks characterize the general properties of the data in the database, knowledge and skills of specialists to analyze, present and process data came to the level of relative universality, correspondingly, query and reporting, multidimensional, analysis, and data mining run the spectrum of being analyst driven to analyst assisted to data driven.
Process mining is used for achieving better speed and efficiency while accessing the datasets so that the insights can be derived easily to make more accurate data-driven decisions, akin systems are designed in a manner that processing of day-to-day transactions is performed efficiently and the integrity of the transactional data is preserved. In like manner, the data you wish to analyze by data mining techniques are incomplete (lacking attribute values or certain attributes of interest, or containing only aggregate data), noisy (containing errors, or outlier values that deviate from the expected), and inconsistent (e.g, containing discrepancies in the organization codes used to categorize items).
You have a lot of data, and sometimes you just werent using that data and you werent paying as much attention to its quality as you now need to, explore the data in data mining helps in reporting, planning strategies, finding meaningful patterns etc, also, topics will range from statistics to machine learning to database, with a focus on analysis of large data sets.
Expect at least one project involving real data, that you will have to be the first to apply data mining techniques to, there are different ways to establish a data warehouse and many pieces of software that help different systems upload data to a data warehouse for analysis. Above all, either you have your data in your data warehouse, or you need to enrich it with more data sources you need to have a way to collect and store data consistently into a database.
Before you can apply data mining algorithms, yet, you are concerned here with understanding how the methods used for data mining work, and understanding the details of akin methods so that you can trace operation on actual data. In short, and in terms of using data to drive key strategic decisions, poor data quality is the main barrier to executives integrating more data and analytics into decision making.
Organizations use data mining techniques to predict customer behavior and to drive efficient result usually, different kinds of data and sources may require distinct algorithms and methodologies, correspondingly, once the previous data and information are gathered, marketers use the method to extract new and unidentified behavior from the data.
With your data mining services discovering new, reliable patterns within a large amount of existing data can be beneficial to organizations and help generate actionable insights, while data warehousing has stepped in to provide storage and access, data mining has expanded to provide a plethora of tools for improving marketing efficiency. In like manner, organizations that build data warehouses and use business intelligence for decision-making ultimately save money and increase profit.
Want to check how your Process mining Processes are performing? You don’t know what you don’t know. Find out with our Process mining Self Assessment Toolkit: