This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: List five reasons for the growing popularity of data mining in the business world. What will be ... (Read 122 times)

Tirant22

  • Hero Member
  • *****
  • Posts: 532
on: Jul 7, 2018
List five reasons for the growing popularity of data mining in the business world.
 
  What will be an ideal response?

Question 2

In the Great Clips case study, the company uses geospatial data to analyze, among other things, the types of haircuts most popular in different geographic locations.
 
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ngr69

  • Sr. Member
  • ****
  • Posts: 318
Reply #1 on: Jul 7, 2018
Answer to Question 1

 More intense competition at the global scale driven by customers' ever-changing needs and wants in an increasingly saturated marketplace
 General recognition of the untapped value hidden in large data sources
 Consolidation and integration of database records, which enables a single view of customers, vendors, transactions, etc.
 Consolidation of databases and other data repositories into a single location in the form of a data warehouse
 The exponential increase in data processing and storage technologies
 Significant reduction in the cost of hardware and software for data storage and processing
 Movement toward the de-massification (conversion of information resources into nonphysical form) of business practices

Answer to Question 2

FALSE


Tirant22

  • Hero Member
  • *****
  • Posts: 532
Reply #2 on: Jul 7, 2018
Correct answers!


ngr69

  • Sr. Member
  • ****
  • Posts: 318
Reply #3 on: Jul 7, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Chytrids growing on a freshwater protist Chytrids growing on a freshwater protist
THE WORLD'S BIGGEST SALE THE WORLD'S BIGGEST SALE
A typical OBD-II data link connector (DLC). The location varies with make and model and may even be ... A typical OBD-II data link connector (DLC). The location varies with make and model and may even be ...
The material safety data sheet (MSDS) for sulfuric acid showing the detailed technical information ... The material safety data sheet (MSDS) for sulfuric acid showing the detailed technical information ...
Soil Erosion and Degradation in the world Soil Erosion and Degradation in the world
The Growing Child The Growing Child
Video: Summary of female reproductive cycle days 1-28

For a complete list of videos, visit our video library