Remove Data mining Remove Forecasting Remove Modeling Remove OLAP
article thumbnail

What Role Does Data Mining Play for Business Intelligence?

Jet Global

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 data mining.

article thumbnail

What are decision support systems? Sifting data for better business decisions

CIO Business Intelligence

A DSS leverages a combination of raw data, documents, personal knowledge, and/or business models to help users make decisions. The data sources used by a DSS could include relational data sources, cubes, data warehouses, electronic health records (EHRs), revenue projections, sales projections, and more.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

A Complete Guide For BI Reporting

FineReport

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 data forecasting via analysis and prediction functions such as data mining, predictive modeling, and so on.

article thumbnail

Data Mining – useful or not?

Jen Stirrup

What distinguishes Data Mining 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. Propensity to Buy.

article thumbnail

Crystal Reports: Alternatives and Comparison with FineReport

FineReport

Compared to reporting tools, they can realize data forecast thanks to OLAP analysis and data mining technologies. Besides, in many cases, the data is not entirely grouped, but in the form of fixed columns or segments. All data is divided into strip-shaped models in Crystal Report.

article thumbnail

What Is Embedded Analytics?

Jet Global

Healthcare is forecasted for significant growth in the near future. Users Want to Help Themselves Data mining is no longer confined to the research department. Today, every professional has the power to be a “data expert.” Pricing model: The pricing scale is dependent on several factors.