Web Data Mining Software

Data mining is the process by using certain algorithms, software and tools to retrieve, collect, analyze and report information (known as predictive analysis) from a large pool of data. Data mining is very useful today in which information is widely available. Information obtained from data mining is used for several applications for decision making related to direct marketing, e-commerce, customer relationship management, health, oil and gas industry, scientific tests, genetics, telecommunications, financial services and utilities.

Web data mining is the automated process of extracting data from the World Wide Web. Internet has extensive data on everything that can be used effectively to make intelligent decisions. However, taking and sorting through large databases is a daunting task. Therefore, there are certain data mining tools that help to make this easier. Tools can select relevant data and interpret it as needed.

There are many types of Web data mining: mining standards, verification of data and custom mining. Web data mining products can perform various functions that are very broad, including: search engine optimization and website promotion, double transformation and marketing of modular indicators for CRM, web log reporting, tracking patterns of website visitors, visitors to calculate the conversion ratio, reported the online customer behavior, analyze click-through, providing real-time log analysis, campaign tracking, street clicks, geographical setting, with a keyword search engine, report a web visitor analysis, content analysis, extract web events such as the results of campaigns, web traffic, etc.

There are several commercially available Web data mining and web mining applications using available software. Some of them are: AlterWind Log Analyzer Professional, Amadea Web Mining, ANGOSS KnowledgeWebMiner, Azure Web Log analyzer, the Blue Martini Customer Interaction System Micro Marketing module, ClickTracks, ConversionTrack from Antssoft, Datanautics, (formerly counting), eNuggets, (real- time middleware), LiveStats from DeepMetrix, Megaputer WebAnalyst, MicroStrategy Web Traffic Analysis Module, Web Analytics NetGenesis, family NetTracker, Nihuo Web Log Analyzer, prudsys ECOMMINER, Webhound SAS, SPSS Clementine Web mining, Weblog Expert 2.0 for Windows, WebTrends, suites Data Mining web traffic information, XAffinity (TM), XML Miner, 123LogAnalyzer. There is also a free version of web software such as Data Mining: AlterWind Log Analyzer Lite, Analog (from Dr. Stephen Turner), Visitator and WUM (Web Utilization Miner.)

Reference:
[1]http://EzineArticles.com/?expert=Ross_Bainbridge

Intelligent Data Mining

Data mining has had a checkered history mainly due to technical constrains placed by limitations of software design and architecture. Most of the algorithms used in data mining are mature and have been around for over twenty years. The next challenges in data mining are not algorithmic but software design methodologies. Commonly used data mining algorithms are freely available and processes that optimize data mining computing speed are well documented.

Most early data mining software were spun off from academia and were built around an algorithm. The inability of early data mining software to integrate to external data sources and usability issues resulted in data mining being marginalized.

The cost associated with data mining is still unnecessarily high and often not cost effective. New standards in data extraction and better software platforms holds promise that the threshold barrier to entry will be reduced.
Data access standards such as OLE-DB, XML for Analysis and JSR will minimize the challenges for data access. Building a user friendly software interfaces for the end-user are the next steps in the evolution of data mining. A comparable analogy can be made with the increasing ease of use of OLAP client tools.
The J2EE and .NET software platforms offer a large spectrum of built-in APIs that enable smarter software applications.

DAT-A : Open Source Data Mining and OLAP on MySQL

DAT-A is an open source application that is built to allow intelligent data mining. By intelligent data mining, DAT-A's software architects are creating a highly decouple application that focuses the user's attention on the data mining results and not the data extraction or data modeling process. All data exchanges are in XML and SOAP to ensure interoperability.

An enterprise version is also being planned that is built on a BEA WebLogic Server that writes to a Web Services interface.
Presently MySQL does not have built-in data mining modules. DAT-A applies a data mining abstraction layer on MySQL. The business logic for controlling the data mining model and model training is written in the J2EE framework.

For the personal edition of DAT-A, the MySQL data mining application server is contained within the business logic developed on the J2EE framework layer. In the upcoming enterprise version, the business logic and data extraction controls will be hosted on BEA's WebLogic application server.

Article Source:
[1]http://www.dwreview.com/Data_mining/Intelligent_DataMining.html

Visual Reporting and Analysis

Data visualization is increasingly an essential element of business intelligence (BI). No longer restricted to specialized applications, data visualization in the form of charts, maps, and other graphical representations is enabling business users to better understand data and use it to achieve tactical and strategic objectives. Moreover, data visualization is prompting a cultural shift toward more analytic, data-driven business and operations by empowering users to explore, in a graphically inviting medium, data that was previously available only in tabular reports.

This TDWI Best Practices Report, which is based on a Web survey of BI professionals and interviews with BI practitioners and experts, finds that data visualization is in the middle of a remarkable growth phase. It also reveals that data visualization contributes impressively to improvements in business user insight and productivity, as well as usage of dashboards (the preferred medium for data visualization). For instance, 74% of our survey respondents credit data visualization for a “very high” or “high” increase in business user insights.

But data visualization is never a plug-and-play solution, and one size does not fit all. Dashboard design and usage can and should vary by types of users (for example, executives versus front-line staff), purpose (strategic, tactical, operational), and industry and organizational culture (a healthcare organization versus a clothing manufacturer). Customization collaboration, and iteration are required for organizations to operate interactive visual reporting and analysis solutions that deliver maximum benefits.

Article Source and Further Reading:
http://tdwi.org/research/2011/01/BPR-Q1-Visual-Reporting-and-Analysis?pc=t170tl01&utm_source=webmktg&utm_medium=Text_Link&utm_campaign=t170tl01

Financial Data Warehouse

Oracle launched a new data warehouse built specifically for financial services businesses, a release that one IDC analyst says could be part of a coming wave of industry-specific releases from technology vendors.

Unveiled Thursday, Oracle Financial Services Data Warehouse features tools and integration capabilities for companies in the business of money management. Capabilities included in the warehouse are based on more than a decade of domain and data model experience with top financial companies, Oracle stated in a news release.

Oracle Financial Services Data Warehouse comes with a pre-built data model for simplified ETL, unified infrastructure to run analytics, contextual data quality checks to spot inconsistencies across ledgers and books, and high-volume, cross-functional computations often required for financial regulations and stress tests. The warehouse also leverages Oracle’s Exadata Database for analytical scenarios.

S. Ramakrishnan, Oracle financial services analytical applications group manager, said in a statement on the release that the speed and context of financial business requires a niche warehouse to avoid users from being hampered by “indiscriminate, tedious capture and stewardship” of data.

Henry Morris, analyst with consultant group IDC, says Oracle’s new warehouse is on cue with analyst predictions of an increase in rollouts of data access products and appliances for different areas of business. Morris says that this approach saves time and effort in getting data straight in the analytics area, and that there might be more of these releases coming.

“By providing an integrated data model … Oracle addresses this need in a manner that is industry-specific. This approach would add value to Exadata and increase its attractiveness to buyers in this industry,” says Morris.

Article Source:
Justin Kern,http://www.information-management.com/news/data_warehouse_business_intelligence_analytics_Oracle-10019601-1.html

Business Intelligence System Check Metrics

Business intelligence is one of the most important systems are given much attention by employers. When it comes to the deployment of BI, you need to check and align their metrics from top to bottom and even in the functional areas of the organization. While this can be very tie consuming for you, you are guaranteed that you will have a long and successful career in the business world.

Currently the executive management of each company are in need get the latest information so that they will be bale to make the right decision. This is why you should check the metrics that you can obtain benefits such as less risky situation, revenues, decrease costs and repair costs over a large operational control. As we all know, today's business world driven by technology and very fast paced. Thus, only those who are nimble and competitive will to survive here. This is why many organizations are struggling to compete with the growing volume of data they must deal with every day. With business intelligence systems, they will be able to handle information and get people who are secure, more personal and up to date.

business intelligence can help companies understand and define a large volume of data so that they will be able to get through their wise decision. Bi help management to take advantage of changes in order for them to create a competitive advantage and achieve corporate objectives. On the other hand, business metrics allow managers to demonstrate their best practices by observing the process, employees, customers and finance. With the pieces of information, it's easier to make decisions faster.

For business intelligence system that will be used properly and correctly, there is a need for alignment between business metrics. We all want to add value to the business units within our department and we can do this through the BI. However, most of us would only think about the areas of finance and other departments that generate revenue for the company. Of course, this is not true and therefore there is a need to change the thinking process.

Traditionally the area in a business that created the metric is the department of human resources, sales, marketing and finance. However, if you will deliver value to your organization, there is a need for you to align the metrics from top to bottom. Business metrics can be a powerful tool if you know how to use it. They can help facilitate the company's leaders to employees. However, there is a need for you to regularly check the metric so that you will have the ability to change the metric in accordance with the latest trends in your business so it can adapt well to the never-ending struggle or challenge in the organization.

Reference:
[1]http://EzineArticles.com/?expert=Sam_Miller

What is The Right Mix Of Business Intelligence Tool

Business intelligence is a relatively new field in the business world. However, this does not mean that it should be earlier to it will do all types of businesses that provide care for this aspect. Business intelligence is something that can actually foster a healthy working environment for all kinds of industries. After all, the only thing constant in this world is change, and this also applies in the business world as well. Thus, it helps to put business intelligence in corporate settings, and has a business intelligence tool that fits on your side of the fence.

In short, business actually use business intelligence to gain much-needed advantage over their competitors. Thus, there is no business without a significant competitor to actually pay for extra work. What business intelligence is that it provides businesses a perfect way to understand the needs of their customers, how their customers make decisions regarding the purchase of products and services, how customers view the products and services in the market, and the usual technology, cultural, and economic trends in the market. More than that, business intelligence is not focused only on customers only. In contrast, focuses on all aspects surrounding the market, to obtain a complete picture of the industry as a whole.

Seeing how the balanced scorecard and key performance indicators or KPI has become a major managerial tool in establishing the business today, it's not really surprising to find this in conjunction with business intelligence tools as well. With the help of KPIs and balanced scorecard, the data actually becomes more and more accessible and also processed faster and faster, it will be tied to how companies have implemented KPI today. Believe it or not, in the past, it will take weeks, even months, for companies to have access to current data that businesses can access only a day. This is an efficient way the business world has become with the help of these tools.

Business intelligence gathering clearly needed all kinds of information and then analyze this information to provide relevant data to the public in an organization, most of the time, this will become a member of upper management. These efforts require the use of some equipment and tools, the data will include data warehousing, data mining, and modeling data. These tools are data that make it easier for companies to collect the necessary data and then analyze and interpret it correctly. This tool will be used for the purpose of the organization and will also be used in conjunction with OLAP or Online Analytical Process. Another term for Analytics and OLAP is the basis for this procedure is actually the Cube Dimension Analysis.

With everything covered, clear business need the right mix of business intelligence tools to improve better in the market and increase their reach to customers, which they want to have on their side of the fence. With the right tools to help companies gather data that they need, every business must be able to gain any significant advantage over competitors.

Reference:
[1] Sam Miller,http://EzineArticles.com/?expert=Sam_Miller

Business Intelligence Software Review Your company should know

In September 2009, IBM published the results of their survey with the 2600 CIO from 78 different countries and 19 different industries. 83% of CIOs interviewed personally selected Business Intelligence and Analytics as their main priority for 2009 and 2010.

In the past 6 months, we tested several business intelligence (BI) solutions such as Cognos, iQ4bis, Business Objects, Qlikview, Micro Strategy and BDA. They vary much in function, price, necessary resources (external and internal), the target group, integration with data sources and more.

In addition to its own research, we interviewed more than 50 companies to get their input about the experience with BI solutions, they TCO (total cost of ownership) and their future plans with Analytics.

We found that large companies is less price-sensitive and still invest in an external consulting and add additional users for their BI systems. But most small and medium-sized companies, (most of them with $ 50 million to 500 million U.S. dollars annual turnover, the so-called SMEs or Small and Mid-Size Business) want to reduce their costs for application analysis and take ownership more by using the resources internally to build or expand the data warehouse and analysis applications.

Therefore, we concentrated our efforts in searching and examining applications of BI are cheap, feature rich and easy to implement with the resources in-house. We found one clear winner, a relatively new business intelligence software, called BDA which stands for Business-Data-Analysis. BDA offers a data warehouse based on Microsoft technology, SQL-Server (but works with all types of data sources like Oracle, IBM DB2, SQL-Server, Access and many more), reporting and analysis front-end and many pre-packaged business solutions such as Sales Analysis for JD Edwards, Sage, BPCS, SAP and more. The two features we most like is that the BDA offers an unlimited number of user front-end for reporting and analysis system and the fact that IT departments can take full ownership of BDA to build or extend applications.

Reference:
[1] Herbert Schoenek, http://EzineArticles.com/?expert=Herbert_Schoenek