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Session 1 PDF
Session 1 PDF
Dr PreetiKhanna Dr.
What Wh t
Overview Why y Demand Prerequisite ManagingData How Techniques/Mechanism Where Applicability ApplyusingTools:Excel,Weka andSASGuide
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ExternalAssessment InternalAssessment
Quiz Q i /T Test ClassParticipation/Assignments/CaseAnalysis GroupProjects
:50%
Total
:100%
BESTWAY
INSTRUMENTED INTERCONNECTED INTELLIGENT
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VolumeofDigitalData
Machinegenerateddata:Sensors,RFID,GPS..
VarietyofInformation
80%ofnewdatagrowthisunstructuredcontent Emails, l images,audio, d video.. d
VelocityofDecisionMaking
Rapidlychangingbusinessclimate Needtog getaheadofthecurve:predict p issuesandfix
them
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Source:OBrien
SOURCE:IBMCORPORATION
SOURCE:IBMCORPORATION
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SOURCE:IBMCORPORATION
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, statistical and It is defined as the extensive use of data, quantitative analysis, explanatory and predictive models, and factbased management to drive decisions and actions
(Davenport and Harris, Harris Competing on Analytics, 2007)
Itprovidehistorical,currentandpredictiveviewsofbusiness operations. ti Common C functions f ti of fbusiness b i intelligence i t lli technologiesarereporting,onlineanalyticalprocessing, analytics,datamining, g processmining, g complexevent processing,businessperformancemanagement,benchmarking, textmining,predictiveanalyticsandprescriptiveanalytics.
(http://en wikipedia org/wiki/Business intelligence) (http://en.wikipedia.org/wiki/Business_intelligence)
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Understandingofafirm firm's sinternalandexternal strengthsandweaknesses, Understandingoftherelationshipbetween differentdataforbetterdecisionmaking, Detectionofopportunitiesforinnovation,and Costreductionandoptimaldeploymentof resources resources.
Source:Theonlineresourcebusinessdictionary.com
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SOURCE:IBMCORPORATION
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OverviewanditsImportance BusinessRequirements:ConceptofData& Modeling HandlingHugeData AnalyticsusingOLAP AnalyticsusingMiningandVariousTechniques Introducing gPredictiveModeling gandForecasting g SocialMediaAnalytics:upcomingtrend Handling gdatausing gsoftware weka,SAS DetailedSession Plan
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