UNDERSTANDING BUSINESS (LL/ACCESS)
13th Edition
ISBN: 9781264671656
Author: Nickels
Publisher: MCG
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Chapter B.2, Problem 5TP
Summary Introduction
To discuss: Data mining and its use in business.
Introduction: Data mining refers to analyzing large chunk of data to extract meaningful information from it. It is a tool, which helps businesses to provide relevant information about the market and customer base so that market strategies can be planned accordingly.
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What are data warehousing and data mining, exactly? How do businesses use these tools?
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Chapter B Solutions
UNDERSTANDING BUSINESS (LL/ACCESS)
Ch. B.1 - The Amazon Echo is more than just an ordinary than...Ch. B.1 - Prob. 1TPCh. B.1 - Prob. 2TPCh. B.2 - Prob. B.2AQCh. B.2 - Prob. 3TPCh. B.2 - Prob. 4TPCh. B.2 - Prob. 5TPCh. B.3 - Prob. B.3AQCh. B.3 - Prob. B.3BQCh. B.3 - Prob. 6TP
Ch. B.3 - Prob. 7TPCh. B.4 - Prob. B.4AQCh. B.4 - Prob. 8TPCh. B.4 - Prob. 9TPCh. B.5 - Prob. B.5AQCh. B.5 - Prob. B.5BQCh. B.5 - Prob. B.5CQCh. B.5 - Prob. 10TPCh. B.5 - Prob. 11TPCh. B - Prob. 1CECh. B - Prob. 2CECh. B - Prob. 3CECh. B - Prob. 4CECh. B - Prob. 1CTCh. B - Prob. 2CTCh. B - Prob. 3CTCh. B - Prob. 1DCSCh. B - Prob. 2DCSCh. B - Prob. 3DCSCh. B - Prob. 4DCSCh. B - Prob. 5DCSCh. B - Prob. 1PPTCh. B - Prob. 2PPTCh. B - Prob. 3PPT
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Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, management and related others by exploring similar questions and additional content below.Similar questions
- What are data storage and data mining? How do organizations use these tools?arrow_forwardWhat are the differences between data mining and data warehousing? How do companies make advantage of these resources?arrow_forwardWhen it comes to managing data as a business resource in a company, what function does database technology play?arrow_forward
- What exactly are the roles that data management plays?arrow_forwardDescribe the principles of data archiving and data retention policies. How do organizations ensure compliance with legal and regulatory requirements while managing data effectively?arrow_forwardDiscuss the concept of data archiving and data retention policies. What considerations should organizations take into account when implementing such policies?arrow_forward
- Data warehousing and data mining are two terms you should be familiar with. What role do companies play in the implementation of these tools?arrow_forwardWhat are the four types of data that can be generated by using a management information system in a company, and what are some examples of each?arrow_forwardCompanies are using more data to run their operations. How does the company utilize it?arrow_forward
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