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(solved) Data Mining Assignment

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Added on  2020-03-28

(solved) Data Mining Assignment

   Added on 2020-03-28

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Running head: DATA MININGData MiningName of the StudentName of the UniversityAuthor’s Note:
(solved) Data Mining Assignment_1
1DATA MINING1. Business Understanding1.1 Business ObjectivesTask: Determination of Business ObjectivesThe procedure of searching significant knowledge by analyzing and evaluating hugeamount of data is known as data mining (Braha 2013). These huge amounts of data are recordedin the databases or several data warehouses. The person or the individual who performs datamining in several organizations is called a data miner. Data mining is performed with the varioustechniques like the statistics, machine learning and artificial intelligence. AIH will be offeringfinancial help in education for the students. They have hired a data miner for performing datamining in the organization (Grossman et al., 2013). The data miner or the business analyst mayhave various objectives for the business of AIH. The objectives are given below:i) The first business objective of a data miner is to know and understand completelyabout the client objectives from business perspective.ii) The second objective of the data miner of this case study is to balance all theconstraints of completion and business objectives of the client (Liao, Chu and Hsiao 2012).iii) The final objective of the data miner is this case study is to discover and unveil themajor factors influencing the outcome.Activities: Problem AreaAIH will be offering any type of financial help to the students for their education. Theywould be developing their programs for financing with all of their existing and remaining
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2DATA MININGinstitutions (Baker and Inventado 2014). Although, it will be providing such huge advantages,there are certain threats and risks in their program. The major risk in their program is thecollection of the bad debts from this particular scheme of supporting the students financially intheir education. The major initiative of AIH is that they would be paying the expenses of theeducation and the students can complete their education without any type of tension (Siemensand d Baker 2012). They have hired a business analysts or data miner for performing a project ofdata mining in their organization. This project would be extremely beneficial for the organizationfor achieving the goals and organizational objectives. The main motivations of this particularproject are those individuals and students, who cannot complete their education for the sake ofexpenses. AIH is not using the process of data mining in their business yet, however they areplanning to do so. A typical written report or document is expected from the management bodiesfor the permission of organizing this type of project in the business. The project is assumed to bethe key technology for this organization (Witten et al., 2013). The members of the organizationare the users of the project. Te major requirement and the expectation of all the users of theproject is to mitigate and reduce the risk of finance in the project with the help of data miningand to achieve the goals of the business.Output: Business ObjectivesAIH will be offering any type of financial help to the students for their education. Theywould be developing their programs for financing with all of their existing and remaininginstitutions. The main point of this organization is that AIH would not utilize any governmentsponsored program (Romero and Ventura 2013). They would be becoming the major guarantorof all the funds and would be sourcing all the funds from their existing and remaining financialinstitutions. The goals and objectives of AIH are as follows:
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3DATA MININGi) Increasing students enrolment in the organization.ii) Providing help with the fees of education of the students.iii) Providing help in the expenses for the daily requirements of their students.iv) Providing help to their students for studying more and working less during the time oftheir semesters (Witten et al., 2013).v) The fifth objective of the organization is that they would be encouraging every lowincome earners, holidaymakers, potential groups, professionals, rural residents and theinternational students for continuing with their education with worrying about the expenses.vi) The final objective is to perform any type of financial management within theorganization.Output: Business Success CriteriaThe success criteria for the business for this particular organization are as follows:i) Financial Management: The financial management is the most important criteria ofany organization (Liu and Motoda 2012). This is important for AIH as they are not taking anyhelp from the government. They are sponsoring their project with the organizational funds. Thisis also considered as their business objectives.ii) Product Management: The second major criteria for the success in the business ofAIH are the product management. For this particular project, the product is the service (Larose2014). The service that is provided to the students by AIH is the product and this is to bemanaged with utmost seriousness and so that the students would be getting benefitted easily.
(solved) Data Mining Assignment_4

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