DATABASE FUNDAMENTALS
BASICS OF BIG DATA
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What are the advantages of Data Mining?
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Companies focus on valuable information in their data warehouses/databases.
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Can Foresee the future ==> companies can progress without the need for hard work
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Companies do not need to make data processing efforts
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Specifically for Natural Oil and Gas Mining Companies
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Can help control budget spending
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Explanation:
Detailed explanation-1: -Some of the most common benefits include: Provide a stable, centralized repository for large amounts of historical data. Improve business processes and decision-making with actionable insights. Increase a business’s overall return on investment (ROI)
Detailed explanation-2: -Data warehousing is a method of organizing and compiling data into one database, whereas data mining deals with fetching important data from databases. Data mining attempts to depict meaningful patterns through a dependency on the data that is compiled in the data warehouse.
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