Data Mining and Big Data Analysis

This solved assignment explores the concepts of data mining and Big Data analysis, highlighting their applications in various industries. It delves into the key elements of data mining, the significance of reserve stock levels for businesses, and the IT challenges faced by Liberty Wines due to inadequate infrastructure. Furthermore, it examines FinCEN's mission and its efforts to combat financial crime through improved data collection, analysis, and sharing.

Running head: IT INFRASTRUCTURE MANAGEMENT
IT Infrastructure Management
Name of Student-
Name of University-
Author Note-

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Answer to Question 1:
Just In Time Delivery: Inventory strategy that a company uses to increase the efficiency and
decrease the waste only by receiving the goods which are useful in production process. This
reduces the inventory cost is the Just In Time Delivery (Laudon & Laudon, 2016). The demands
of the customers are forecasted accurately by this method if Just in Time Delivery. The supply
system of inventory represents a shift from older method in this strategy. The producers carry
large inventories when there is a high demand that is to be fulfilled.
E-Commerce: E-Commerce is known as the electronic commerce which is the process of selling
and buying services and goods over a network that is electronic mainly via internet. This process
of e-commerce also helps to transmit data or funds over the internet. The areas where transaction
occurs in e-commerce are business to consumer, consumer to business, business to business and
consumer to consumer. The process of electronic commerce is known as electronic business.
SaaS: The service that allows the users to use and connect to apps that are cloud based via
Internet is known as SaaS (Software as a service). Examples of Software as a service provider
are email, office tools and calendaring. Software as a service gives a software solution that is
complete those are purchased on a basis that depends on pay-as-you-go from a provider that
provides cloud service. The app of the cloud service is rented for an organization and the users of
the organization uses the app to connect through the Internet mainly with the web browser. The
data center of the service provider locates all the application software, application data,
infrastructure and middle ware. There is a service agreement in which all the software and
hardware are managed by the service provider. The service provider also ensures the security and

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the availability of the application that is being used and all the data also. The service provided by
Software as a service provides the organization with all the application at minimum cost.
Strategic Planning: Strategic Planning is the process in which a future that is desired is
envisioned and the vision that is desired is translated into goals that are broadly defined and also
the objectives and steps that are needed to reach the desired future that is envisioned. The
process of strategic planning involves a plan that is strategic, as document that helps to control
all the decisions and objectives that are taken by the organization to achieve its goals and all the
ways that are needed to acquire the goal. The process of strategic planning gives guidance to the
leaders of the organization to take decisions that help them to move forward with their decision
making.
Supply Chain Systems: The system in which deals with organization, information, resources,
people and activities that helps to move a service or a product from supplier to all its customers
is known as supply chain system. The process of supply chain includes the activity of
transforming natural resources, components of raw material in to a fine finished product which
are delivered to all the end customers.
Decision Support System (DSS): An information system that is computer based which gives
support to all the organizational and business activities of decision making is known as decision
support system. The levels which involve planning, operations and management are served by
decision support system that is carried out usually in middle and higher management system. The
unstructured and the semi structured problems of decision making that are taken by the people
and all the problems that changes rapidly that are not specified easily in advance is done by

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decision support system. The process of decision support system are human powered or
computerized or may be a combination of both.
Cloud Infrastructure: The infrastructure that involves software and hardware components that
consists of server, network, visualization and storage software is the cloud infrastructure. These
software are used to support all the requirements that are needed in computing device in a model
of cloud computing.
Web 2: World Wide Web 2.0 is a website that focuses mainly on the content, interoperability and
usability that are generated by user for all the end users. The website works with all products,
devices and systems of the Internet.
Extranet: A network that is controlled privately which allows the vendors, suppliers and partners
to access a group of customers that are authorized is an extranet network. The extranet is subset
of information that is accessible from the intranet of an organization. A similar kind of network
that is similar to extranet is DMZ. The extranet assures access to all the authorized parties that
needs services which do not grants access to the network of organization. The private network of
an organization is extranet.
Big Data Analysis: The process in which large data and varied data sets are analyzed in the Big
Data analysis. Big data helps to uncover the hidden partners, market trends, gives customer
preferences and also correlated with unknown relations.
Answer to Question 2:
The key elements of data mining are:

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Large amount of data: The information technology of Data mining helps to acquire all the data
without the involvement of the client or the customer (Turban, Volonino & Wood, 2014). This
process was not possible in earlier data mining process.
Provide data that are incomplete: People do not give complete information in the surveys that are
conducted by data mining because they fear that their information would be stolen by this
process.
Data structures that are complicated: Techniques for collecting information are used in data
mining process. Data is collected via technology or manually. A complication may arise in
determining and understanding the data structure.
Answer to Question 3:
The significance of Reserve Stock Level is important in all the industries because it is not
possible to get advance information about the certainty of the stock that will be needed in
production or to supply the customers. Demand for products is variable that are affected by
seasonal effects. The best process that a business holds makes forecast that are accurate.
Answer to Question 4:
 The business that is faced by Liberty Wines is that as the business of Liberty Wines
increased, the facility of the Information Technology was not able to handle the great
amount of data. The system that Liberty wines were using was very slow and effort on
the maintenance was required. The employee productivity decreased which affected the
business processes.

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 The IT infrastructure of Liberty Wines was insufficient that impacted negatively in the
competitive advantage. The loss of customers occurred due to insufficient infrastructure
of IT. The orders that were placed by their clients were no placed on time.
 Server visualization of Liberty Wines decreased the physical servers and all the
application of \liberty Wines ran faster by better visualization that results in making
customer services better and also managed the inventory management.
Answer to Question 5:
 The mission of FinCEN was to provide a safeguard to the financial system which was
abuses to financial crimes. The problems that were limiting the fighting ability against
financial crime was having problem in gathering the data, analyzing them and delivering
all those data at effective time to all users.
 To achieve the mission of FinCEN, major upgrade was done by FinCEN. Their first goal
was to provide a safeguard to the financial system from money laundering that was
evolving and also the threat of national securities. Their second goal was to maximize the
sharing of financial intelligence in between their foreign and domestic partners in private
and government industries. FinCEN upgraded its capabilities by launching Bank Secrecy
Act (BSA).
 The financial intelligence depends on collection of data, analyzation of data and keeps the
entire data secret from outside so that no one will be able to read those data.
 The potential activities that are illicit are identified by relationships and patterns. This
process of intelligence has provided a greater speed and also ability that helps to detect
the money launderers.

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 The financial crime that was detected by FinCEN was that it was not able to gather data
effectively, analyze the data and also deliver them to the users. FinCEN was suffering
from lack of standardization and validation and also suffered from inconsistent quality of
data.

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References
Laudon, K. C., & Laudon, J. P. (2016). Management information system. Pearson Education
India.
Turban, E., Volonino, L., & Wood, G. R. (2014). Information Technology for Managment:
Digital Strategies for Insight, Action and Sustainable Performance. Wiley.