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But data alone is not the answer—without a means to interact with the data and extract meaningful insight, it’s essentially useless. Business intelligence (BI) software can help by combining online analytical processing (OLAP), location intelligence, enterprise reporting, and more. Let’s introduce the concept of datamining.
Decision support systems are generally recognized as one element of business intelligence systems, along with data warehousing and datamining. They generally leverage simple statistical and analytical tools, but Power notes that some OLAP systems that allow complex analysis of data may be classified as hybrid DSS systems.
The key to BI software is ‘data+business understanding.’ . The ‘data’ part is the statistics and data display. . Business understanding’ is realizing in-depth data analysis and smart dataforecasting via analysis and prediction functions such as datamining, predictive modeling, and so on.
The ‘data’ part is like the reporting software, which is statistics and presentation of data. . ‘Business understanding’ means realizing in-depth data analysis and smart dataforecast, via BI functions such as OLAP analysis, datamining, and so on.
Compared to reporting tools, they can realize dataforecast thanks to OLAP analysis and datamining technologies. One is professional reporting tools such as FineReport and Jasper Report, which are strong in the richness of report styles, the diversity of charts, and print function.
What distinguishes DataMining from other methods of exploring data, and what is its usefulness? Critics might say that if you torture the data enough, it will eventually confess! Computers contain lots of data, but people need help to turn this data into intelligence.
Healthcare is forecasted for significant growth in the near future. Users Want to Help Themselves Datamining is no longer confined to the research department. Today, every professional has the power to be a “data expert.” Bid Goodbye to Standalone Users don’t want to have to leave their app or call IT for insights.
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