Data Mining
Data Mining Definition:
Sifting through very large amounts of data for useful information.
Data mining uses advanced statistical tools (among others) to reveal trends, patterns, and relationships, which might otherwise have remained undetected.
In contrast to an expert system (which draws inferences from the given data on the basis of a given set of rules) data mining attempts to discover hidden
rules underlying the data. Also called data surfing.
Data Mining Example: Imagine a 3,000 page report that you use to find those customers that bought from you two months ago
but have not bought since then. This is how many companies perform data mining today because of the high cost of BI (business intelligence) systems.
Not only does it require a large amount of time it also requires manpower that could be better utilized.
Data Mining Solutions:
Use one of your scarce programming resources to write a program.
Purchase a Business Intelligence System that would require new computer hardware, a period of time to set up and train your people how to use.
Use
WellWorth I.T. Consulting to set-up models using your existing equipment to filter your existing reports/data to obtain the data you need to increase your
profitability.
This low cost/high quality results solution offers the following benefits:
The Monarch Report Analytics Platform is a complete modeling and design environment for sophisticated but easy reporting.
The Monarch Platform gives you:
Access to your "hidden" corporate data
Imports data directly from virtually any existing report (including mainframe green bar reports, ERP reports and transactional reports), database, spreadsheet,
PDF, HTML files and more.
Aggregate data from multiple sources into one, comprehensive and cohesive view of your information
Indexes data and new reports for ongoing, on-demand access
Creating dynamic reports
Offers secure, web-based report archive, distribution, analysis and management
Turns legacy reports into web reports, dashboards and interactive, usable reports
Transforms static data and makes it available for on-demand reporting
Making compliance and auditing easy
Marries the source reports with the newly created reports, making it easy to compare and reconcile
Automates synching of data in Monarch reports with source data
Embeds digital signatures for confirmed data lineage and authenticity
Delivers process workflow, email notifications and alerts for ease of administration
Interested in increasing your profitability?
Call
WellWorth I.T. Consulting today to discuss how we can help you.
Our telephone number (336) 403-1240 - our email info@wwit-consulting.com
Providing the foodservice distribution and food processing industries with information technology
expertise to assist your company in surviving these difficult times.