This article explains the differences between data mining and text mining, their applications, and challenges. It also discusses how artificial intelligence is transforming businesses. The article cites several references to support the discussion.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
BUSINESS INTELLIGENCE1 Business Intelligence Student: Institution:
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
BUSINESS INTELLIGENCE2 Question1 Data and text mining have the same goal knowledge discovery. However, the two techniques have significant differences. Text mining includes specific data mining from some domain texts. There are processes meant to turn some text documents to come up with valuable information. On the other hand data mining deals with the process of extracting information from huge databases (Hand, 2007, 56). Thus, data mining is more complex as compared to text mining. This definition implies that text mining is a subgroup of data mining. There are some relationships in any structured data that the process of data mining helps to extract. With text mining, insights are being extracted from huge text corps. Text mining can be part of the large data mining. However, it applies some specific tools and technologies such as sentiment analysis, synonym detection, as well as intent analysis. Also, in text mining, information is in the form of plain texts while in data mining, the information is given in structured tables. The systems for data mining are used to analyse some figures that are homogeneous as well as universal (Mining, 2006, 77). Business people use data mining systems to give an easy representation of data in forms that people can understand. On the contrary, text mining techniques encounter some challenges like the heterogeneous formats in some of the documents, abbreviations, slang messages, and multilingual texts. Also, there is some complexity in text mining that makes its applications longer in deployment. There are several technologies used to analyse forms of data which are in any natural language. N mining, a Natural Processing Language, machine, as well as statistical modelling technologies are used (Tan, 2006, p.56). This technology is also referred to as document information retrieval or knowledge recovery. The use of language identification is very common. Features are extracted from the main source through the use of a NLP and
BUSINESS INTELLIGENCE3 summarization and visualization (Kim et al. 2003, 321). Text mining is applicable in several instances. In the analysis of surveys with open ended question, this technology is applied in classifying and evaluating responses. Also, the technology is used in the processing and classification of automatic emails and messages. Another area where this technology is very useful is when businesses are analysing competition by the use of different websites. It processes contents of different web pages found in specific domains. Similarly, it is used by insurance companies to analyse claims by insurers. Other applications include risk management, cybercrime preventions, as well as customer service handling (Aggarwal et al. 2012, 77). Question2 Artificial intelligence is a technology that makes use of machines which perform functions like human beings. Many businesses have leveraged the current technological developments in the creation of smart systems. These are the systems that are helping to improve business operations. Smart systems are the modernized operations that help in the execution of business functions in different departments. As businesses grow, there is always a security threat. Thus, the use of smart systems has helped many businesses to protect its useful assets by the integration of AI technologies. One area of smart technology is the use of machine learning. This is one of the technologies founded to function like the human brain. Data processing is done in a manner that could take normal human beings a lot of time to complete. Some of the other technologies include the security detection like face and finger detection. Also, employee identification when accessing organizational resources such as voice detection has been useful as a security feature. Other areas were this technology has been useful includes intrusion detection as well as response management. The process of data entry, processing, and presentation used to be tedious before this technology emerged.
BUSINESS INTELLIGENCE4 However, it has helped companies to process data within the shortest time possible saving organizational resources (Berry, 2004, 97). Different companies have reaped several benefits from the use of AI. At last all departments in an organization apply the artificial intelligence technology. Customer service is one of the time consuming process in any businesses. However, the technology has helped companies to provide a mechanism of providing responses to customers. Clients are well served with the smart technology and they eve need not to travel to the business. Through this process, all business solutions related to customer service are offered. Similarly, it allows managers to obtain response from the customers. Also, businesses have changed the way in which they handle the challenge of big data. Information kept in one department can be easily accessed and analyzed by another one. All details concerning employees, products, manufacturing, as well as sales can be accessed from a single system. The department of marketing and sales has also benefited from artificial intelligence through product promotion and accessing customer response. It is easy to analyze competition and the overall market performance. Some of the dangerous operations in manufacturing are now done by machines which minimize harm to humans (Bench et al. 2007, 623). Also, the speed of operations in the accounting and auditing departments has changed. In expansion and globalization, the technology has helped the rate at which businesses are opening overseas branches. Artificial intelligence enables machines and other programs to function like people in carrying out many operations. This technology is expected to help businesses solve some of their daily challenges. Despite the huge benefits associated with this technology, there are some serious limitations which may inhibit its functionality and application. First, the issue of cost is inherent owing to the amount of investment expected to be made (Russell and Norvig, 2016). This technology needs regular upgrade and maintenance which have serious financial implications. Also, the dynamics of the business environment keeps on making some of the
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
BUSINESS INTELLIGENCE5 technology obsolete. In case of any system breakdown, businesses face the risk losing useful data. Also, this technology is timing consuming ad needs expert handling. In case of a slight mistake, it is not possible to reverse. This may imply serious business losses. Lack of understanding on the workability of some of these systems renders them useless. Also, the technology has some ethical concerns associated with its use and integration in the business processes. As this technology is being implemented, it replaces human labour force. Thus, many people are likely to lose jobs.
BUSINESS INTELLIGENCE6 References Aggarwal, C.C. and Zhai, C. eds., 2012.Mining text data. Springer Science & Business Media. Bench-Capon, T.J. and Dunne, P.E., 2007. Argumentation in artificial intelligence.Artificial intelligence,171(10-15), pp.619-641. Berry, M.W., 2004. Survey of text mining.Computing Reviews,45(9), p.548. Hand, D.J., 2007. Principles of data mining.Drug safety,30(7), pp.621-622. Kim, J.D., Ohta, T., Tateisi, Y. and Tsujii, J.I., 2003. GENIA corpus—a semantically annotated corpus for bio-textmining.Bioinformatics,19(suppl_1), pp.i180-i182. Mining, W.I.D., 2006. Data Mining: Concepts and Techniques.Morgan Kaufinann. Russell, S.J. and Norvig, P., 2016.Artificial intelligence: a modern approach. Malaysia; Pearson Education Limited,. Tan, P.N., 2006.Introduction to data mining. Pearson Education India.