Factor Analysis in Data Mining

Author(s):  
Zu-Hsu Lee ◽  
Richard L. Peterson ◽  
Chen-Fu Chien ◽  
Ruben Xing

The rapid growth and advances of information technology enable data to be accumulated faster and in much larger quantities (i.e., data warehousing). Faced with vast new information resources, scientists, engineers, and business people need efficient analytical techniques to extract useful information and effectively uncover new, valuable knowledge patterns.

Author(s):  
Sead Spuzic ◽  
Ramadas Narayanan ◽  
Megat Aiman Alif ◽  
Nor Aishah M.N.

While it appears that a consensus is crystalising with regard to the hierarchy of concepts such as “knowledge”, “definition” and “information”, there is an increasing urgency for improving definitions of these terms. Strategies such as “knowledge extraction” or “data mining” rely on the increasing availability of digital (electronic) records addressing almost any aspect of socio-economic realm. Information processors are invaluable in the capacity of turning large amount of data into information. However, a new problem emerged on the surface in this new information environment: numerous concepts and terms are blurred by ambiguous definitions (including the concept of 'definition' itself). This triggered a need for mitigating hindrances such as homonymy and synonymy, leading further to demands on the decoding software complexity of which equals the artificial intelligence applications. Information technology presumably copes with this diversity by providing the information decoding 'tools'. This opens a never-ending opportunity for further permutations of tasks and service abilities. The solution, however, is to address the causes rather than indulge in multiplying the superficial remedies. Clearly, the multiplicity of definitions for the same concepts, false synonyms and so forth show that there is a need for introducing definitions of sufficient dimensionality. In this article, a number of examples of important concepts are presented first to point at the ambiguities associated with them, and then to propose their disambiguation. The minimum intent is to demonstrate how these key terms can be defined to avoid ambiguities such as pleonasm, homonymy, synonymy and circularity.


Author(s):  
Ram L. Kumar

Organizations are increasingly recognizing the importance of information technology. Many large IT projects in the area of data warehousing and data mining have been taken up in the last few years. While many data warehousing and data mining projects have resulted in interesting business benefits, there are also many examples of cost and schedule overruns and dissatisfaction regarding the results from these projects. A recent issue of Information Week (May 24, 1999) reported that organizations are carefully scrutinizing the returns from large data warehousing projects. This makes it increasingly important for information systems professionals to understand the payoff from data warehousing investments. It is also extremely important for information systems professionals to articulate the business benefits of data warehousing and other big ticket information technology projects in terms that senior managers in general and finance executives in particular can relate to. This article outlines an approach to justifying data warehousing investments that is based on the concept of options in finance. This approach to justifying investments is being increasingly recognized as being superior to traditional methods by finance professionals (Business Week, June 7, 1999).


First Monday ◽  
2005 ◽  
Author(s):  
Scott Nicholson

Archeologists use artifacts to make statements about occupants of a physical space. Users of information resources leave behind data–based artifacts when they interact with a digital library or other Web–based information space. One process for examining these patterns is bibliomining, or the combination of data warehousing, data mining and bibliometrics to understand connections and patterns between works. The purpose of this paper is to use a research framework from archeology to structure exploration of these data artifacts through bibliomining to aid managers of digital libraries and other Web–based information resources.


2018 ◽  
Vol 6 (1) ◽  
pp. 41-48
Author(s):  
Santoso Setiawan

Abstract   Inaccurate stock management will lead to high and uneconomical storage costs, as there may be a void or surplus of certain products. This will certainly be very dangerous for all business people. The K-Means method is one of the techniques that can be used to assist in designing an effective inventory strategy by utilizing the sales transaction data that is already available in the company. The K-Means algorithm will group the products sold into several large transactional data clusters, so it is expected to help entrepreneurs in designing stock inventory strategies.   Keywords: inventory, k-means, product transaction data, rapidminer, data mining   Abstrak   Manajemen stok yang tidak akurat akan menyebabkan biaya penyimpanan yang tinggi dan tidak ekonomis, karena kemungkinan terjadinya kekosongan atau kelebihan produk tertentu. Hal ini sangat berbahaya bagi para pelaku bisnis. Metode K-Means adalah salah satu teknik yang dapat digunakan untuk membantu dalam merancang strategi persediaan yang efektif dengan memanfaatkan data transaksi penjualan yang telah tersedia di perusahaan. Algoritma K-Means akan mengelompokkan produk yang dijual ke beberapa cluster data transaksi yang umumnya besar, sehingga diharapkan dapat membantu pengusaha dalam merancang strategi persediaan stok.   Kata kunci: data transaksi produk, k-means, persediaan, rapidminer, data mining.


2020 ◽  
Vol 3 (2) ◽  
Author(s):  
Oktaria Ardika Putri

Instagram is a social media application that is currently very popular in the community, especially among artist, politicians, and business people. Companies or advanced business must quicly adapt to the advancement of information technology in the form of social media as a marketing tool. Instagram social media also necessary to developing educational institutions. One of the educational institution that ae currently developing is the newly established Faculty of Economics and Business Islam (FEBI) at the Kediri State Islamic Institute (IAIN Kediri). This writing aims to examine the importance of Instagram as social media marketing to building FEBI IAIN Kediri Brand Awareness. Instagram social media is considered more effectives to embrace students and the community, so it is expected to facilitate marketing and communication between FEBI IAIN Kediri with the students or other agencies. The method of this reasearch is a qualitative analysis which reference libraries are used as a basis. Keywods:  Instagam,  social media, Faculty of Economics and Business Islam, IAIN Kediri


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