Uploaded on Jan 20, 2022
PPT to Introduction To Data Mining and Database Theory.
Introduction To Data Mining and Database Theory
DATA MINING AND DATABASE THEORY What Is Data Mining? • Data mining is an automated process that consists of searching large datasets for patterns humans might not spot. • For example, weather forecasting analyzes troves of historical data to identify patterns and predict future weather conditions based on time of year, climate, and other variables. Source: www.springboard.com How Does Data Mining Work? • In the information economy, data is downloaded, stored, and analyzed for most every transaction we perform, from Google searches to online shopping. • The benefits of data mining are applicable across industries, from supply chains to healthcare, advertising, and marketing. Source: www.springboard.com Data Mining Process • Collection: Data is collected, organized, and loaded into a data warehouse. • Understanding: Business analysts and data scientists will examine the properties of the data. • Preparation: Data must be cleaned, constructed, and formatted into the desired form. • Modeling: Modeling techniques are selected for the prepared dataset. • Evaluation: The model results are evaluated in the context of business objectives. Source: www.springboard.com Data mining vs. data analysis • Data mining is a systematic process of identifying and discovering hidden patterns and information in a large dataset. • Data analysis is a subset of data mining, which involves analyzing and visualizing data to derive conclusions. Source: www.springboard.com Data mining vs. machine learning • Machine learning is the design, study, and development of algorithms that enable machines to learn without human intervention. • Both data mining and machine learning fall under the field of data science, which is why the two terms are often confused. Source: www.springboard.com Data mining vs. data warehousing • Data warehousing is a process that is used to integrate data from multiple sources into a single database. • Unlike data mining, data warehousing does not involve extracting insights from data. Source: www.springboard.com IMPORTANCE OF DATAMINING Marketing • Big data makes it possible to extract predictive insights about consumers from large databases, enabling businesses to learn more about their customers. • Data mining is also used for market segmentation. • Some businesses use predictive analytics to infer implicit or future customer needs. Source: www.springboard.com Business analytics • Business analytics is the process of transforming data into business insights. • The focus of business analytics is on recognizing patterns, developing models to explain past events, create predictions for future events, and recommend actions to optimize business outcomes. Source: www.springboard.com Database theory • Database theory encapsulates a broad range of topics related to the study and research of the theoretical realm of databases and database management systems. Source: www.springboard.com
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