DATABASE FUNDAMENTALS
DATA WAREHOUSING AND DATA MINING
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Data flexibility
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Cost to implmenet
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Competitive Advantage
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Data ownership concerns
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Detailed explanation-1: -Data warehouses improve business decision-making, drive targeted products, lessen costs of acquiring resources, lessen response times, and enable a business to more effectively strategize and execute against competitors. Data warehouses are key to competitive advantage.
Detailed explanation-2: -Data warehouse benefits 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) Improve data quality.
Detailed explanation-3: -Data Warehouses Provide Better Analyses Thus, enabling queries to be performed without any impact to your company’s operational database. Additionally, data warehouse are made to store large volumes of historical data, often spanning a few years back while still being able to quickly query data.
Detailed explanation-4: -A data warehouse facilitates customer relationship marketing since it provides a consistent view of customers and items across all lines of business, all departments, and all markets. A data warehouse can bring about cost reduction by tracking trends, designs, and exceptions over long periods constantly and accurately.
Detailed explanation-5: -To recap, the benefits of the DWA are: Complete black-box architecture built for the data warehouse and its applications. Redundancy and support for fault tolerance. Minimal user intervention needed for operation.