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Living in the information age
The age of computer technology
The age of information technology
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Recommended: Living in the information age
Chapter 1
Introduction
1.1 Background
In the information age, a lot of data is generated from everywhere. Together with the incoming of information technology tools, so all the data are collected and waiting to be converted to information and knowledge. Therefore, the information industry provides useful information to many areas such as market analysis, science, decision-making and customer relationship. Data mining is the integration between analytical techniques and database system. Previously, it has only database query, data processing or transactional processing, which is insufficient for users to understand the whole data at a time. They cannot answer complex questions such as what are the relationships among items in database. The answers of those questions are more valuable for people. The users need is far exceed database management system ability because of a huge amount of data, so hidden patterns and knowledge should be discovered. Unfortunately, a human ability is limited and people cannot understand a very big dataset by themselves. Thus, the powerful tools are invented to help people to analyze large data. If there are no powerful tools then the huge amounts of data is just pieces of garbage because nobody would like to investigate them. In order to discover hidden patterns or useful information from tremendous data there is a process called “Data mining”.
In the database, there are associations when many items are presented at the same time. The relationships between items could represent some interesting findings. For example, the items, which are purchased together, could represent customer’s behavior and the patients who have flu and fever should have cough. Therefore, the information, which is derived from re...
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...he products in the store, but also talk about the events in some situations. I only focus on the products side how market basket analysis is implemented in retail store databases. On the other hand, data mining is also the broad area. It is the process to extract useful information, which are correlations and patterns, from the huge dataset. The result of that could answer business questions, which are usually, time consuming to resolve. I only talk about the algorithm, which is related to the market basket analysis especially Apriori algorithm. In addition, there are tools, which are analytical tools for data mining. This research would talk only about the Weka software as a tool to analyze sale data from retail store. I discuss how to use Weka with sale data to find useful information for business, also how to interpret the result from Weka for business purpose.
ETL is a three-step process which stands for Extract-Transform-Load. This process comprises of: extracting the desired data from a source, transforming the extracted data into a specific format, and loading the transformed data into a destination such as a data warehouse (Haag & Cummings, 2013). After the ETL process is performed, data-mining tools can be used to turn this data into useful information. For the first three questions, the database would need to capture each checkout price, how many items are purchased, the individual price of each item, and if the item is discounted or full MSRP. This specific data will likely originate from a customer oriented database that will then flow into the data warehouse for full ETL. For YTD profits, the database would need to capture all purchases, sales, profits, and expenses from the current year. Sport T’s company data will originate from an in-company database which focuses on business expenses and profits. In solving customer satisfaction, the KPIs to consider would be survey questions and answers from responding customers as well as customer opinion on what can be improved. For customer surveys, we will ask
Traditional business intelligence tools are being replaced by data discovery software. The data discovery software has numerous capabilities that are dominating purchase requirements for larger distribution. A challenge remaining is the ability to meet the dual demands of enterprise IT and business users.
The problem is to find a form of association … in which each, while uniting
In order to implement this program, it is quite sure that some inputs will be gathered from shop owners. There are reasons why such input need to be gathered from the concerned shop owners. The owners should ensure that quality work is performed and this is one reason why gathering input from such individuals is considered wise. Additionally, shop owners are there to ensure that customer satisfaction is achieved which means that they can provide reliable input concerning the new strategy. Therefore, the shop owners can provide quite reliable information that will be useful in this new
In order to further understand the customer data that has been accumulated through the purchases and transactions that have collected through the Nile online bookstore, three different regression models were completed. These regressions were completed in order to analyze the data in order to help the retailer better understand their customers, regarding which gender purchases more books, given the age of the customers or the day of the week the customer purchased a book. In order to help the retailer understand this information, customer data was gathered and used from over the last year in order to provide interpretations. The first step we week took to complete this process is to run the regressions, which resulted in three different models. We began by running the first regression. The first regression we ran contained only one variable, which was the gender variable. After running the first regression, we were able to successful complete
The database application design can be improved in a number of ways as described below:
In today’s society, technology has become more advanced than the human’s mind. Companies want to make sure that their information systems stay up-to-date with the rapidly growing technology. It is very important to senior-level executives and board of directions of companies that their systems can produce the right and best information for their company to result in a greater outcome and new organizational capabilities. Big data and data analytics are one of those important factors that contribute to a successful company and their updated software and information systems.
Data mining has emerged as an important method to discover useful information, hidden patterns or rules from different types of datasets. Association rule mining is one of the dominating data mining technologies. Association rule mining is a process for finding associations or relations between data items or attributes in large datasets. Association rule is one of the most popular techniques and an important research issue in the area of data mining and knowledge discovery for many different purposes such as data analysis, decision support, patterns or correlations discovery on different types of datasets. Association rule mining has been proven to be a successful technique for extracting useful information from large datasets. Various algorithms or models were developed many of which have been applied in various application domains that include telecommunication networks, market analysis, risk management, inventory control and many others
There are various kinds of definitions about what data mining is. The authors in [1] define data mining as “the process of extracting previously unknown information from (usually large quantities of) data, which can, in the right context, lead to knowledge”. Data mining is widely used in areas such as business analysis, bioinformatics analysis, medical analysis, etc. Data mining techniques bring us a lot of benefits. Business companies can use data mining tools to search potential customers and increase their profits; medical diagnosis can use data mining to predict potential disease. Although the term “data mining” itself is neutral and has no ethical implications, it is often related to the analysis of information associated with individuals. “The ethical dilemmas arise when data mining is executed over the data of an individual” [2]. For example, using a user’s data to do data mining and classifying the user into some group may result in a variety of ethical issues. In this paper, we deal with two kinds of ethical issues caused by data mining techniques: informational privacy issues in web-data mining and database security issues in data mining. We also look at these ethical issues in a societal level and a global level.
In the beginning, businesses used information technology for automating the processes primarily to reduce labor costs. Subsequently, information technology is used for delivering information with speed and accuracy.
Similarly negative association rules are generated. Let A and B be set of items, then negative association rules are generated of the form A ~B, ~A B or ~A ~B. A rule A ~B is valid negative rule if A is frequent itemset and B is an infrequent itemset or
The dynamics of our society bring many challenges and opportunities to the business world. Within the last decade, hundreds of jobs have emerged particularly in the technology sector to help keep up with the ever-changing world and to compete on a larger and better scale than the competition. Two key job markets and the basis of this research paper are business intelligence or BI and data mining or DM. These two fields play a very important role in small to large companies and are becoming higher desired sectors within the back offices of the workplace. This paper will explore what the meaning of BI and DM really is, how they are used and what we can expect as workers and learners of the technology and business fields for the future.
For the past couple of decades the majority of businesses have wanted to construct a data-driven organization or company. Furthermore, companies around the world are considering harnessing data as a basis of competitive advantage over other companies. As a result, business intelligence and data science use are popular in many organizations today. The increase in adoption of these data systems is in response to the heavy rise in communications abilities the world over. Which, in turn ,has increased the need for data products. Indeed, the Data Scientist profession is emerging to be one of the better-paying professions due to the urgent need of their labor. This paper is going to discuss what business intelligence is all about and explain data science that is usually confused to be similar to business intelligence. I will tackle a brief overview of data scientists and their role in organizations.
An Association analysis is used to show the relationships between people, groups, or organizations to show criminal or non-criminal activity. The association matrix is used as an interim product that includes police reports, surveillance reports, field interviews, corporate records, testimony, informant data, public record data, and other information. The association analysis can be used to indicate other possible criminal activity.
Information Technology has come a long way over the past few decades. The way information is passed and received now just as fast as a blink of an eye in some cases. The computer and the internet is now the new social gathering place for the world. This new change in the world has affected everyone including the children born in this new age. From a social stand point it has affected the way an entire generation communicates with one another. Educationally it has made it somewhat easier for teacher and other school district staff member to organize things like grade, attendance, and disciplinary notices. On a professional level computers and the internet have affected the work place in a major way, some place don’t have paper anything but checks now. Being one of the children born this new age of Information Technology, I can say this new age of computers and internets has drastically assisted me and will continue to in my near future.