Data Mining is a process of extraction of the data from a data set and then transforming it into an understandable structure for further use. It can be a process for collecting bulk data from different sources and then combining it to form a valued information or data.
Generally, data mining is referred as the process of analyzing data from different perspectives and summarizing it into useful information that can be used in a beneficial way for the enterprises to increase their revenue, cut costs, or both. Even though it is relatively a new term, the technology is not. Companies lately have used powerful computers and tools to separate volumes of data and analyzed the research reports for years. However, continuous improvements in computer technology like increased processing power, large disk storage, and implementation of the statistical software’s has increased the accuracy of data analysis along with providing means to cut down the cost.
Although data mining is still at the inception stage, companies in a wide range of industries like retail, finance, health care, transportation, manufacturing and aerospace have already started deploying its tools and techniques in their business strategies and plans to take advantage from the tried and tested historical data. It is being primarily used today by companies with a strong consumer focus to determine relationships among various internal factors such as price, product positioning, or staff skills, and all the external factors such as economic indicators, competition, and customer demographics. This allows them to determine the impact on sales, customer satisfaction, and corporate profits by full access to entire information related to all the transactions being made at their place.
As information technology has been evolving separate transaction and analytical systems are needed for the transactions. In order to provide a healthy cord between the two entities, data mining provides the link or connection between them. Data Mining San Diego software analyzes relationships and patterns in store transaction data based on open ended user queries. It also uses pattern recognition technologies and statistical and mathematical techniques to separate all the warehouse information to help the analysts to identify significant facts, relationships, trends, patterns, exceptions and anomalies that might otherwise go unnoticed in the business operations.
Data Mining San Diego allows users to analyze data from many different angles, categorize it, and summarize the relationships identified. Technically, it is the process of finding correlations or patterns among dozens of fields in large relational databases. The process structure of this process is not very complicated though, as it involves a number of analytical tools for analyzing data and extraction that makes it more simplified. Generally, it consists of five major elements in its structure. They are as follows:
· Extraction, conversion, and load transaction information into the data warehouse system.
· Store and manage the data in a multidimensional database system.
· Provide data access to business analysts and information technology professionals.
· Analyze the data by application software and tools.
· Present the data in a useful format, such as a graph or table. The data are provided to the end users in multiple formats based upon their requirement.
Many San Diego SEO Firm’s now offer such data mining services to help the businesses to extract, transform and store data that is very much essential in the business transactions. Today, data mining applications are available in variable sizes that can be integrated with systems for mainframe, client/server, and PC platforms. The San Diego SEO Firm professional’s will provide you will complete data by carrying out all the necessary actions like extraction, conversion, storage and more etc.