Find out the benefits of data mining to the businesses when

Assignment Help Database Management System
Reference no: EM13470232

The development of complex algorithms that can mine mounds of data that have been collected from people and digital devices have led to the adoption of data mining by most businesses as a means of understanding their customers better than before. Data mining takes place in retailing and sales, banking, education, manufacturing and production, health care, insurance, broadcasting, marketing, customer services, and a number of other areas. The analytical information gathered by data-mining applications has given some businesses a competitive advantage, an ability to make informed decisions, and better ways to predict the behavior of customers. Write a four to five (4-5) page paper in which you:

Q1. Determine the benefits of data mining to the businesses when employing:

a) Predictive analytics to understand the behavior of customers

b) Associations discovery in products sold to customers

c) Web mining to discover business intelligence from Web customers

d) Clustering to find related customer information

Q2. Assess the reliability of the data mining algorithms. Decide if they can be trusted and predict the errors they are likely to produce.

Q3. Analyze privacy concerns raised by the collection of personal data for mining purposes.

a) Choose and describe three (3) concerns raised by consumers.

b) Decide if each of these concerns is valid and explain your decision for each.

c) Describe how each concern is being allayed.

Q4. Provide at least three (3) examples where businesses have used predictive analysis to gain a competitive advantage and evaluate the effectiveness of each businessÂ's strategy.

Q5. Use at least three (3) quality resources in this assignment. Note: Wikipedia and similar Websites do not qualify as quality resources.

Reference no: EM13470232

Questions Cloud

Evaluate the reliability of the data mining algorithms : data mining the development of complex algorithms that can mine mounds of data that have been collected from people and
Examinenbspand explain 2 social arguments used to support : usingnbspthe course materials library web resourcesnbspand textbook address the following in a word document of 4-5
Compute cost for cals carpentry to continue doing accounts : cals carpentry is considering outsourcing its accounts receivable function. currently cal employs two full-time clerks
Explain the functions advantages and disadvantages of : explain the functions advantages and disadvantages of undercover work. describe the problems that are now being taken
Find out the benefits of data mining to the businesses when : the development of complex algorithms that can mine mounds of data that have been collected from people and digital
Bob is a secretary and his wife beth is a heavy-equipment : 1. extreme conflict is related to chaos in the same way that is related to complacency.a. already tried this answerb.
At what demand level does it make sense economically to : fast finish inc. ffi has made a technological breakthrough in snow board finish application. ffi will apply the finish
Discuss the type of study the sampling method the parameter : daniel needs to study a possible link between anti-inflammatory drugs and kidney disease. help daniel design a study
Ensure that your responses are at least 1-2 paragraphs in : please answer each of the following questions.nbsp ensure that your responses are at least 1-2 paragraphs in length for

Reviews

Write a Review

 

Database Management System Questions & Answers

  Graph the bond yield to maturity

Identify two possibly mispriced bond issues, one overpriced and one underpriced. and graph the bond yield to maturity (YTM) on the y-axis of an XY-scatter plot, with the bond to maturity in years on the x-axis.

  describe capability of Good Eat Enterprise Resource Planning

This system will also provide administrators with the ability to create custom reports and filter data based upon a wide variety of information captured from each store.

  Define relational databases

In this Discussion Board, you are asked to define and describe background information of a relational database. Include the following information.

  Design and implement a small database application

Perform the conceptual database design using Entity-Relationship model. You must submit the Entity-Relationship diagram of your database and develop queries in the target DBMS

  Create a crow''s foot erd using a specialization hierarchy

Given the following business scenario, create a Crow's Foot ERD using a specialization hierarchy if appropriate. Tiny Hospital keeps information on patients and hospital rooms

  Prepare a use case diagram for the case study

Case Study based on an Interview contained in a separate document (Please see the details in page 221 of your text book). Carefully read this case study. You are required to answer the following questions based on the Case Study.

  Create database for university to monitor students

A database is to be created for University to monitor students' progress throughout their course of study. Students are reading for degree (such as BTech, BTech(Hons) MCA, etc) within framework of modular system.

  Describe entity-relationship model

Describe the entity-relationship model. How are entities, relationships, and attributes represented in this model? What is a composite entity? Describe the approach to diagrams that uses a crow's foot.

  Number of employees at the new book sales corporation

To identify the number of employees at the New Book Sales Corporation, you view the records in the Sales Department table.

  Draw a uml class diagram

Agencies typically keep the details of the employers they have dealt with, even when they have no current business with them.

  Develop a complete system

The assignment will be chosen by the individual student with my approval. An ideal assignment will be one which involves at least four entity sets, but not too many since there will be critical time pressure to complete the assignment.

  Examine the use of databases in organization

Create a 2-3 page (350 words per page) examining the use of databases in organization. Explain what database applications are utilized (Microsoft Access, DB2, Oracle, etc.).

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd