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I got pass marks. it was quite difficult paper so i am happy with the result. I hope to get better result in future.
thanks, received the passing marksthanks, received the passing marksthanks, received the passing marks
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Data Mining |
Data Warehouse |
Data Mart |
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Process Mining |
De-normalization |
Statistical Inference |
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Probabilistic simulation |
Business Performance Management |
Real-time reporting with |
Data mining is a process to discover various data patterns from large data sets. Many mediums are used for data mining processes, i.e., social media, CRM, POS, and many more.
The other name of the data warehouse is the enterprise data warehouse and one of the major components of business intelligence. The professionals use it for data analysis and reporting because it is the central repository of organizational data.
The data mart is a major part of the data warehouse. It is also known as the subset of the data warehouse. It contains the summarized data collection repositories. It is used to analyze only a specific section rather than the entire sections of the organization.
Process Mining is a process analysis method. It is used to discover, monitor, and improve the entire process by extracting knowledge easily.
Denormalization is used to increase the performance of the previously normalized database. It is used to increase the read speed of the data by reducing the write speed of the data.
The process of data analysis is used to deduce the property of the probability underlying distribution. The analysis of statistical inference population property, i.e., testing hypotheses and deriving estimates.
Probabilistic simulation is the process that explicitly represents uncertainty by specifying inputs as probability distributions. It also specifies the random events that can affect the system. If the system describing input is uncertain, then the prediction of the future performance will also be uncertain.
Business performance management is used to monitor the methods of the company that the company uses to reach its goals. It provides a way to improve company methods. However, the major motive of business performance management is to develop effective methods that can help the business to meet its desired goals.
This is one of the major elements of business analytics. It uses some real-time analytics software to measure the company process. Real-time reporting helps the business to understand their customer's interactions with the business and how the business is performing to meet the customer's needs. On the other hand, the analytical alert is used to find the real-time error in the company process and fix it asap.
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