Data Mining Essay Example | Topics and Well Written Essays - 250 words

Data Mining - Essay Example The second stage is Predictive Modeling, whereby patterns discovered in the earlier stage are used to make predictions about the future. The third stage is Forensic Analysis, where the patterns extracted are used to find unusual data elements. 3. One of the pitfalls of data mining is the vast quantities of data that are generated(Khabaza, 2005). When the volume of data is too high, mining becomes sluggish, hence the way to avoid this is by using sampling. Another is the generation of irrelevant data, so that the amount of relevant data mined may be less. Thirdly, if data mining is disorganized, it takes place in an ad hoc manner and will not generate useful results. Avoiding this requires clear definition of goals. When there is incompatibility in data mining tools, this causes interference in exploratory capability and high overhead costs. 4. The data mining program was used to identify hidden trends in the data. The airline company can use the data to identify the specific characteristics of those customers who are frequent users of the airline. The mined data can also be used to find a relationship among different sectors based upon customer behavior. 5. Two specific industries where data mining is likely to be very useful are banking and the retail industry. With the increase in electronic banking, transactional data can be easily captured and data mining helps analyze it. Data mining in the banking industry can help banks to analyze trends and patterns and to predict how customers may react to change sin interest rates. In the retail industry, data is collected when orders are placed and data mining of such information can unearth demographic trends in the data and can help direct marketing efforts. * Khabaza, Tom, 2005. â€Å"Hard hats for data miners: Myths and pitfalls of Data Mining†, DM Review

Assay Essay Example | Topics and Well Written Essays - 500 words

Assay - Essay Example None of the nearby shops duplicate any of the services being provided by the pharmacy; it is the only pharmacy in the area and the next pharmacy is located in the next suburb. The Campbell Medical Centre and Campbell Nursing Home complement the services provided by the pharmacy. The nearest public toilet is located in the building where the Campbell Pharmacy is located. The pharmacy is located near the bus stop and taxi ranks making it very convenient for customers and employees to access. A reasonably-sized car park is located in Blaemy Street, which is the main street in Campbell suburban. The Justice of the Peace in the area is also our pharmacist and therefore a very popular and well-respected man in the community. I have chosen this pharmacy because it is very convenient and offers many advantages for learning. From a customer’s perspective, I was able to assess that the pharmacy’s services and conclude that the pharmacy is able to provide a wide-range of retail services like postal services, gift glass wear, and photocopying services; and retail products like skin and hair products. The pharmacy is also able to offer professional health services through its pharmacists and pharmacy assistants. These services are mostly related to medicine intake and health maintenance advice. The pharmacy is able to provide health related products through its first aid program and weight loss promotion program. It is also able to cater to diabetics through its blood-sugar control and blood-sugar testing program. The overall message that I got from the pharmacy in terms of the services and products it offers is that the pharmacy is available and eager to care not just for the customers who are sick, but also for those who seek to maintain their health. The pharmacy also seeks to provide the c ustomers with other services that they need in order to stay