Data warehouse and data mining in business Essay

Data w behouse and entropy mining in business - Essay ExampleThe choice of the system depends on the immobiles priority the market is flexible and there is strike to introduce a data viewpoint system management that covers is adjustable.The need to develop and acquire information technology has revolutionized business. Market analysis refers to the study and acquisition of the market trends and activities associated with the market. When analyzing the market, the sozzled uses various modes. The most effective is data mining and various tools are used to facilitate it. Patterns are developed using data mining where graphic visualization combine with statistical analysis and close to produce the desired market tend or activity. The combination of the three provides for a pattern descent from large sets of data which combine with various factors to provide emerge with a market analysis (Shaw et al, 2001).The method is also referred to as the dependency analysis. Where a relations hip is drawn between the acquisition of goods and the client base of the same. This lay basis about the marketing strategies to be deployed by a given firm. It creates room for the firm to develop a strategy that dominates the market in relation to the buying power (Shaw, 1993). Marketers develop strategies that lead ensure a steady market for their products. The approach gives room for a well-developed method where there is a balance between goods in that there is a continuity in supply in the market.It involves classifying nodes into undertake domain. The concept is to allow character summarization to be derived from a subset of data. A marketer always monitors customer trends by using the concept description. This domain and any change on preference identified and carry through plan taken to cover for the customers needs determine the nature of customers. The customers classification depends on various factors including age, gender, income and other social factors. In which d ifferent