DATABASE FUNDAMENTALS
DATA WAREHOUSING AND DATA MINING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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data mining
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analytical processing
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information processing
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all
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Detailed explanation-1: -Data warehousing is necessary for the insurance industry to preserve records of current clients and analyze them to spot patterns. In addition to keeping track of records, warehouses are utilized mainly to evaluate data patterns and future customer trends.
Detailed explanation-2: -The three main types of data warehouses are enterprise data warehouse (EDW), operational data store (ODS), and data mart.
Detailed explanation-3: -A data warehouse is a central repository of information that can be analyzed to make more informed decisions. Data flows into a data warehouse from transactional systems, relational databases, and other sources, typically on a regular cadence.
Detailed explanation-4: -Answer-D) Data warehouse is based on a Multidimensional model.