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  2. Examples of data mining - Wikipedia

    en.wikipedia.org/wiki/Examples_of_data_mining

    In business, data mining is the analysis of historical business activities, stored as static data in data warehouse databases. The goal is to reveal hidden patterns and trends. Data mining software uses advanced pattern recognition algorithms to sift through large amounts of data to assist in discovering previously unknown strategic business ...

  3. Data analysis - Wikipedia

    en.wikipedia.org/wiki/Data_analysis

    Data mining is a particular data analysis technique that focuses on statistical modeling and knowledge discovery for predictive rather than purely descriptive purposes, while business intelligence covers data analysis that relies heavily on aggregation, focusing mainly on business information. [4]

  4. Business intelligence - Wikipedia

    en.wikipedia.org/wiki/Business_intelligence

    Business intelligence (BI) consists of strategies, methodologies, and technologies used by enterprises for data analysis and management of business information. [1] Common functions of BI technologies include reporting, online analytical processing, analytics, dashboard development, data mining, process mining, complex event processing, business performance management, benchmarking, text ...

  5. Data mining - Wikipedia

    en.wikipedia.org/wiki/Data_mining

    Neither the data collection, data preparation, nor result interpretation and reporting is part of the data mining step, although they do belong to the overall KDD process as additional steps. The difference between data analysis and data mining is that data analysis is used to test models and hypotheses on the dataset, e.g., analyzing the ...

  6. Data management - Wikipedia

    en.wikipedia.org/wiki/Data_management

    Collecting data from numerous sources and analyzing it using different data analysis tools has its advantages, including overcoming the risk of method bias; using data from different sources and analyzing it using multiple analysis methods guarantees businesses and organizations robust and reliable findings they can use in decision making.

  7. Online analytical processing - Wikipedia

    en.wikipedia.org/wiki/Online_analytical_processing

    MOLAP stores this data in an optimized multi-dimensional array storage, rather than in a relational database. Some MOLAP tools require the pre-computation and storage of derived data, such as consolidations – the operation known as processing. Such MOLAP tools generally utilize a pre-calculated data set referred to as a data cube. The data ...

  8. Predictive analytics - Wikipedia

    en.wikipedia.org/wiki/Predictive_analytics

    Predictive analytics statistical techniques include data modeling, machine learning, AI, deep learning algorithms and data mining. Often the unknown event of interest is in the future, but predictive analytics can be applied to any type of unknown whether it be in the past, present or future.

  9. Business analytics - Wikipedia

    en.wikipedia.org/wiki/Business_analytics

    Business analytics (BA) refers to the skills, technologies, and practices for iterative exploration and investigation of past business performance to gain insight and drive business planning. Business analytics focuses on developing new insights and understanding of business performance based on data and statistical methods .