This report discusses the concepts of data handling, data warehousing, data mining, and business intelligence. It covers the latest trends, tools, and practical examples of their application. Required skills for professional practices are also discussed.
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DATA HANDLING AND BUSINESS INTELLIGENCE 1
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Table of Contents INTRODUCTION...........................................................................................................................3 MAIN BODY..................................................................................................................................3 CONCLUSION................................................................................................................................3 REFERENCES................................................................................................................................1
INTRODUCTION Data handling refers to covers all exercise and strategy put in place to handle data possessions and business intelligence describes the data investigation through software tools, initially to monetize business data (Li, 2020). This report will highlight the concepts through article related to the strategic impact of business intelligence utilization. MAINBODY 1. Research informed literature According to theAmuthabala and Santhosh, (2019) it has been specified that data warehousing is a procedure of managing and collaborating data from various sources in order to provide consequential business insights. It is a way in which the data has been stored in electronic medium and large amount of information stored by the business which is designed for analysis instead of transaction processing. It is helpful in improving the efficiency and speed for assessment of varied data sets makes easier for decision makers that will guide the business strategies. As per the view of business intelligence theEl-Adaileh and Foster, (2019) states that It is a technology focused process for evaluation of data and delivering practicable information that helps the executives, workers and managers make appropriate business decisions. However, the concept of data mining is described byChamikara and et.al., (2020) as it is a process of take out and determines patterns in huge data sets linking various methods at the intersection of machine learning, catalogue system and facts or figures. 2. Knowledge and understanding of subject There have been various improvements with the accumulation of the new competency towards the concept of data warehousing. However, data warehousing technologies are still limited with certain difficulties of implementation and utilization of traditional data warehouses. The latest trends regarding the data warehousing includes the single data warehouse in which all the data related to the firm are available within one service. It includes large scale server-less data warehouse. The higher usage of SAAS promotes easy accessibility, security along with worldwide connectivity. Recently, the artificial intelligence operations in the data warehousing will also become an important learning algorithm will generate more accurate actionable insight
to make data operations more efficient (Shen and et.al., 2019). The latest trend also includes the IT modernization services in most responsive manner. Data mining are utilised in diversified areas, as it includes retail industry, financial data analysis, telecommunication, biological data analysis and many more. It helps the firm to design multidimensional data analysis and data mining. It involves the construction ofdata warehouses which are based on the benefits of data mining. The latest trends through which this concept has been evolving within the field such as application exploration, integration of data mining with database system and data warehouse system, visual data mining, new methods of mining complex data and many other related activities. On the other hand the latest trends within the business intelligence are becoming more and more main stream with the help of automation enhancement with the increase in popularity. Collective business intelligence and collective operations makes it easier for users to find insightsbothtogetheraswellasinalonemanner.Thelatesttrendsincludesasmore organizations are relying on the predictive business analytics, adoption of hyper computerization and entrenched analytics will be adopted, it also plays vital role in development of human intelligence and with the help of effective business intelligence technique the firms are able to see more strict policies related to the data governance. 3. Analysis Data warehouses and their tools are moving forward from the centre in which all the data collects within a cloud based data warehousing. There are various essential data warehousing tools that help to derive values form the collected data. The tools are: Xplenty: It is a cloud based data addition display place to create simple and visible data pipelines of the data warehouse. It helps to collects the data in combined format. With the help of Xplenty the firm is able to centralise all metrics and sales tools. Oracle: It has already very much popular among the data warehousing platform which has been build in order to provide business within reach and analytics to the users (No, Lee and Seong, 2018). It targets at enhancing the operations efficiency and optimizing the user experiences.
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On the other hand data mining is also an activity that a business engages in order to find out purposeful information from all sources of data. The tools that affect the data mining are explained below: Rapid miner: It is a data science software platform provides an incorporated platform for varied stages of data modelling includes data preparation, data cleansing, visualization and many more. This is an open source structure and written tool in Java which shares most popular within the data mining. Knime: It is an open source of data analysis platform helps an individual in order to build and scale the data within no time frame. Their major aim is to prepare predictive intelligence accessible to inexperienced users. However, the business intelligence tools are the application software that are utilised in order to recover, sort, filter, process and report the data from business intelligence solutions. The top business intelligence tools are explained below: Spreadsheets:ThesearemajorlyutilisedintoMicrosoftexcelandwebbased spreadsheets which provides front end user interface. OLAP tools: It is an online analytical processing which helps the users to appropriately analyse the data from multiple sources in a multidimensional views according to the views of the business. Practical application and deployment In order to describe the practical example of data warehousing, Amazon web service firm is utilises data warehouses to manage transactions, understand the data and keep all data in organised manner. The data warehousing helps the firm to make large amount of information more usable. With the help of Amazon Redshift the firm is able to completely manage the petabyte scale cloud based data warehouse product designed for huge scale data set analysis and storage (Abdullah and et.al., 2020). It enables the firm to utilise the data for the business and customers in most appropriate manner. The early form of data mining is utilised by the American express in order to manage and detecting the fraud and bringing merchants and customers closer to each other. With the help of such services the company ensures the protection of customers finances which describes the
importanceofmonitoringagainstcyberattacksisdominantinnature.Itenablesthe establishment to find out the patterns and correlations within large data sets in order to predict the final outcomes. While the business intelligence technique has been utilised in various companies in which Microsoft is one of them which provides fast and accurate reporting to the firm, provide valuable business insights, competitive analysis, increases customer satisfaction and many other benefits to the firm. Skills for professional practices The practices that are related to the data warehousing, data mining as well as business intelligence requires certain skills within an individual is great analytical, computer related as well as effective communication skills. The person should have high amount of experience with ETL tools and techniques along with working knowledge of structured query language and other reporting techniques. Apart from this, the other kind of professional skills that are highly required within an individual are include excellent research and problem solving abilities, appropriate degree in relevant field, work experience, experience with data and architecture. CONCLUSION From the above report it has been concluded that data warehousing, mining as well as business intelligence are highly important as it provides uniformity to all gathered data which makes it simpler for corporate decision makers to evaluate and share data insights in most appropriate manner.
REFERENCES Books and journal Abdullah, A.H., and et.al., 2020. Using Active Learning with Smart Board to Enhance Primary School Students' Higher Order Thinking Skills in Data Handling.Universal Journal of Educational Research,8(10). pp.4421-4432. Amuthabala, P. and Santhosh, R., 2019. Robust analysis and optimization of a novel efficient quality assurance model in data warehousing.Computers & Electrical Engineering,74. pp.233-244. Chamikara, M.A.P., and et.al., 2020. Efficient privacy preservation of big data for accurate data mining.Information Sciences,527. pp.420-443. El-Adaileh, N.A. and Foster, S., 2019. Successful business intelligence implementation: a systematic literature review.Journal of Work-Applied Management. Li, Z., 2020. Geospatial big data handling with high performance computing: Current approaches and future directions. InHigh Performance Computing for Geospatial Applications(pp. 53-76). Springer, Cham. No, Y.G., Lee, C. and Seong, P.H., 2018. Development of a prediction method for SAMG entry timeinNPPsusingtheextendedgroupmethodofdatahandling(GMDH) model.Annals of Nuclear Energy,121. pp.552-566. Shen, C., and et.al., 2019. Group method of data handling (GMDH) lithology identification based on wavelet analysis and dimensionality reduction as well log data pre-processing techniques.Energies,12(8). p.1509. 1