Related concepts of data warehousing and data mining
Explain the related concepts of data warehousing and data mining.
Data warehousing is a electronic storage that stores a large amount of information through business input. Warehouse data is securely stored and must be reliable and easy to manage. Large storage space in needed for many businesses due to the amount of data collected. This data can be stored for long periods of time and easily accessible when immediate or significant data needs to be pulled.
Data mining is the procedure utilized to turn raw data into helpful information. Data mining includes using software to search for patterns in large groups of data. This allows businesses to learn more about their customers and enable them to develop a better marketing strategy which in return helps increase sales and decrease costs.