IIIT
A Monthly e-Magazine
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Volume
I Issue III
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March
2005
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Data Mining is the
process of extracting knowledge hidden from large volumes of raw data.
The importance of collecting data that reflect your business or scientific
activities to achieve competitive advantage is widely recognized now.
Powerful systems for collecting data and managing it in large databases
are in place in all large and mid-range companies. However, the bottleneck
of turning this data into your success is the difficulty of extracting
knowledge about the system you study from the collected data. Why use data mining: Data might be one of the most valuable assets of your corporation - but only if you know how to reveal valuable knowledge hidden in raw data. Data mining allows you to extract diamonds of knowledge from your historical data and predict outcomes of future situations. It will help you optimize your business decisions, increase the value of each customer and communication, and improve satisfaction of customer with your services.
Data Minding at Greenfield Hawley
Manor, London Moving towards Data warehousing: With the advent of computers as a medium of data storage the company shifted to maintaining it records from manual files and records to Excel spreadsheets. Over a period of time even these Excel sheets turned out to be inadequate and alternative system of data storage had to be designed keeping in view their requirements. So they shifted all their data to a Database for managing their data and records. Even this proved inadequate for their requirement in integrating different departmental information. Also this system was of no use for functions like demand forecasting, sales analysis, customer relationship management etc. Here came the idea of building a Data Warehouse which would integrate the information required by the customers, suppliers as well as the company mangers and employees. Software and System design: For software and system designing they contacted a software company. This contract was given to an Indian software company. They used Visual Basic 6 as the front end and Oracle database as a back end of the project. This project was estimated to last for more than one year. Different teams were formed in India. Software: There were three major databases, first Customer database, second Bank Database, and third Supplier Database. Company, Supplier, Customer, Bank and Call center are the main source and sink for data. Company gets order from its customers through its Call Center. Customer Record stores and provides relevant information about Customer and Tea orders. Company processes the order and order is now sent to the destined customer in Tea racks and boxes. Bill is sent to the customers. Customer pays the bill through check. This check is further deposited in the company bank account at Netwest Bank. For any queries and information the customer and supplier can contact company's call center. Call center is always in constant touch with the company. Call center database is maintained and kept updated with suppliers and customers database. Supplier's information
like Supplier_ID, Tea Quantity supplied by the supplier, Type/Variety
of Tea is obtained. These information is obtained form the file in Supplier
Record and Shipment Record. Adding Taxes/surcharge and exchange
rates Net Payment to be made is calculated. The company to bank
requests this payment amount. Bank issues check in the name of supplier.
Company pays supplier. All these relevant information is also recorded
and updated in Company Bank Account. |
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©
2005 Indian Institute of Information Technology Allahabad
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