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BNET Business Dictionary
- Data Mining
- the process of using sophisticated software to identify commercially useful statistical patterns or relationships in online databases
- Data Mining definition on BNET »
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- Analyze This
- Is better analytics the key to business success? In his "The Halcyon Days of Analytics," Steve Finikiotis of management consultant Osprey Associates argues that firms should be using analytics more effectively. It's an intriguing post, but a little thin on specifics. To wit, this statement: ...
- Blog posts 2008-06-24
- Analyze This
- Analyze ThisI agree: More specifics are needed.Michael, Maybe I'm guilty of assuming most companies are already using relatively sophisticated analytical methods, since most of the people I interact with do so. But I no longer need to hear general observations about data-mining -- Finikiotis was just stating the obvious when...
- Discussion threads 2008-06-26
- Neural Data Mining for Credit Card Fraud Detection
- The prevention of credit card fraud is an important application for prediction technique. One major obstacle for using neural network training techniques is the high necessary diagnostic quality: Since only one financial transaction of a thousand is invalid no prediction success less than 99.9% is acceptable. Due to these credit...
- White papers
- Protecting the Public Health Through Knowledge: National Institutes of Health
- The National Institutes of Health NIH is one of eight agencies of the Public Health Service and part of the U.S. Department of Health and Human Services. NIH decided that, to meet its users' need for easy access to integrated business information, it needed outside help to bring a data...
- Case studies
- Towards Conceptual Multidimensional Design In Decision Support Systems
- Multidimensional databases support efficiently On-Line Analytical Processing OLAP. In this paper, we depict a model dedicated to multidimensional databases. The approach we present designs decisional information through a constellation of facts and dimensions. Each dimension is possibly shared between several facts and it is organised according to multiple hierarchies. In...
- White papers
- Refresh External Data In Excel Services
- Data in a Microsoft Office Excel workbook that has been displayed in Excel Services can come from two different locations. The data may be stored directly in the workbook, or it may be stored in an external data source, such as in a database or in an Online Analytical Processing...
- White papers
- Pragmatic Business Intelligence and Scorecarding (Part 1)
- The business leader may dream of having easy access to scorecards containing key performance measures and colored alerts, easy drill-down to details, and consistent enterprise-wide reporting that integrates data from multiple sources so executives and managers all share one version of the truth. Idealists the IT department may share vision,...
- White papers
- Activity Based Management: Improving Processes and Profitability - Chapter 4, Frameworks for Measurement and Improvement
- Although ABM can be used as a stand-alone approach to understand processes, product and customer costs and profitability, it provides a more powerful means of decision support if it exists as part of a larger framework of measures. Over a number of years a number of frameworks have been developed,...
- White papers
- EPM: Why It's the Next Big Thing
- Senior managers at enterprises worldwide have always had a vision of an all-encompassing business information system that manages day-to-day business processes while providing the analytic insight necessary to make timely, informed, proactive business decisions. Many implemented ERP applications to achieve that goal, but these applications had little, if any, decision...
- White papers
- Operation and Maintenance Decision Support
- Companies that automate the process of diagnosing faults and performance degradation in equipment can lower costs and increase profits by increasing the life-cycle of critical components. Decision support technologies, such as automated diagnostics and on-line condition monitoring, can translate years of operations and maintenance engineering experience and fundamental physical principles...
- Case studies
- abaXX Technology: Innovative E-Business Solutions
- Rated as one of the top 100 emerging technology companies in Europe by Tornado Insider, more than half of abaXX Technology's business comes from the financial services industry. Keeping up with the rapid pace of internet application development requires software components that are highly comprehensive and extremely flexible and easy...
- Case studies
- The Week That Was in Healthcare
- As we start a new week, here's a quick wrapup of important healthcare stories that you might have missed in the week that was: Retail health clinics -- often staffed by non-physicians and set up in big-box retailers or drugstores -- have been touted as one way...
- Blog posts 2008-05-12
- OfficeMax Data Mining Lets Customers Trigger Their Own Deals
- If you buy a digital camera from OfficeMax but not a memory card, you'll get e-mail the following week with memory product recommendations and a 15-percent-off coupon. The Naperville, Ill., office products store excels at event-triggered communications, says managing partner Kelly Hlavinka of Colloquy, Alliance Data's loyalty consulting arm in...
- Blog posts 2008-03-25
- Decision Support Consultant
- The Decision Support Consultant job description template includes the following job summary: Under the direction of decision support manager: Consults with company departments to identify areas of opportunity for computer, communication, and office automation systems. Recommends solutions and assists in implementation; Advises clients in accurately planning and justifying their computer,...
- Tools & templates 2007-09-09
- Data Mining In Pharmaceutical Marketing And Sales Analysis
- This presentation explains the data mining in pharmaceutical marketing and sales analysis.
- Presentations 2007-06-18
- Representing Uncertainty In Decision Support
- There are more than 20 measures of uncertainty and many modeling paradigms. The research question is, "How do we know which is the right choice in an OR/MS situation?" The author's talk listed some of these choices and pointed to a background paper and bibliography. Here the author summarizes this...
- White papers 2007-03-20
- Closed-Loop Adaptive Decision Support Based On Automated Trust Assessment
- This paper argues that it is important to study issues concerning trust and reliance when developing systems that are intended to augment cognition. Operators often under-rely on the help of a support system that provides advice or that performs certain cognitive tasks autonomously. The decision to rely on support seems...
- White papers 2007-02-16
- Improving Productivity In Manufacturing Environments Using Data Mining
- Current production and manufacturing environments are drowning in data and starving for information. As a result, data mining is an area of interest to many manufacturing companies. Tons of data can be collected with relative ease, but the core issue is how to obtain timely & critical information for decision-making...
- White papers 2006-09-03
- Value-Based Argumentation For Democratic Decision Support
- This paper discusses the integration of two systems that are based on a specific theory of argumentation: the first, an existing web-based discussion forum; the second, a method to enable autonomous software agents to perform practical reasoning based upon their subscription to social values. It shows how the output from...
- White papers 2006-06-23
- Innovative Asset Management
- Properly designed decision support environments encourage proactive and objective decision making. The work presented in this paper inquires into developing a decision support environment and a tool to facilitate objective decision making in dealing with road traffic noise. In this paper, the proposed decision support framework is presented in the...
- White papers 2006-06-14
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