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Data mining is a particular data analysis technique that focuses on statistical modeling and knowledge discovery for predictive rather than purely descriptive purposes, while business intelligence covers data analysis that relies heavily on aggregation, focusing mainly on business information. [4]
Business intelligence (BI) consists of strategies, methodologies, and technologies used by enterprises for data analysis and management of business information. [1] Common functions of BI technologies include reporting, online analytical processing, analytics, dashboard development, data mining, process mining, complex event processing, business performance management, benchmarking, text ...
Data visualization refers to the techniques used to communicate data or information by encoding it as visual objects (e.g., points, lines, or bars) contained in graphics. The goal is to communicate information clearly and efficiently to users. It is one of the steps in data analysis or data science. According to Vitaly Friedman (2008) the "main ...
A review and critique of data mining process models in 2009 called the CRISP-DM the "de facto standard for developing data mining and knowledge discovery projects." [16] Other reviews of CRISP-DM and data mining process models include Kurgan and Musilek's 2006 review, [8] and Azevedo and Santos' 2008 comparison of CRISP-DM and SEMMA. [9]
Data analysis, machine learning: Research in the various fields of data analysis and machine learning, such as prediction of market value of companies'shares and analysis of medical data [181] Yes DistrRTgen 2008-01-12 [182] 2014-06 [183] Independent [14] Cryptography: Analysis of hash strength for password security by developing rainbow tables ...
The difficulty in ensuring data quality is integrating and reconciling data across different systems, and then deciding what subsets of data to make available. [ 3 ] Previously, analytics was considered a type of after-the-fact method of forecasting consumer behavior by examining the number of units sold in the last quarter or the last year.
Then, analyze the source data to determine the most appropriate data and model building approach (models are only as useful as the applicable data used to build them). Select and transform the data in order to create models. Create and test models in order to evaluate if they are valid and will be able to meet project goals and metrics.
The data modeling process. The figure illustrates the way data models are developed and used today . A conceptual data model is developed based on the data requirements for the application that is being developed, perhaps in the context of an activity model.
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