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Sunday, December 13, 2009  |  www.DSSResources.com

D. J. Power, Editor
Vol. 10, No. 25
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IN THIS ISSUE

What are common data mining tools?
by Dan Power

As it became possible and affordable to store large amounts of data, managers wanted to access and analyze the proprietary data gathered by their company to identify patterns that would be useful in making decisions. Sometimes data is analyzed as part of a special study; in other cases the analysis is conducted periodically or routinely. Patterns that are identified may be incorporated into a DSS or may inform a specific decision. The data mining process involves identifying an appropriate data set to examine or sift through to discover data content relationships. Data mining tools include case-based reasoning, data visualization, fuzzy query and analysis, genetic algorithms, and neural networks (cf., Greenfield, 1999). Let's briefly review each of the common data mining tools.

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December 16 at 12 p.m. ET

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Because of increasing complexity, rapid change and risk, managers have an obligation to shareholders to learn about and understand computerized decision support systems (DSS).

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Events

2009 Joint SIGDSS and Teradata University Network workshop and congress
December 15, 2009, Phoenix, Arizona
The 2009 Business Intelligence Congress provides a first-of-its-kind collaborative opportunity! Join academic professionals and industry representatives who share a common passion for research and education innovation in the field of business intelligence.

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HICSS-43 Conference
January 5-8, 2010, Hawaii
HICSS-43 offers a unique, highly interactive and professionally challenging environment that attendees find "very helpful -- lots of different perspectives and ideas as a result of discussion."

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Whitepapers

DecisionView launches StudyOptimizer(TM) 4.
DecisionView Inc., a leading provider of software solutions to optimize clinical trial enrollment for life sciences companies, today announced the release of StudyOptimizer 4, the latest iteration of its Web-based solution.
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Fordham University and IBM launch curriculum to prepare students with business analytics skills.
Fordham University and IBM (NYSE: IBM) are collaborating on a new business analytics curriculum to help prepare college students for careers in key industries such as energy and utilities, healthcare, education, transportation and public service that are expected to benefit from $1.8 trillion in global stimulus investments.
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Gartner predicts that open-source business intelligence tools production deployments will grow five-fold through 2012.
Once the preserve of cash-strapped organizations, open-source business intelligence (BI) tools are becoming a mainstream deployment option for all kinds of BI usage, according to Gartner, Inc.
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SAP simplifies budgeting, forecasting and consolidations for Carl's Jr. and Hardee's chains; replaces Hyperion solutions at CKE Restaurants.
SAP AG (NYSE: SAP) announced today that CKE Restaurants (NYSE: CKE) has selected the SAPģ BusinessObjects(TM) Planning and Consolidation application to produce its monthly forecasts and annual budget. CKE is comprised of several well-known chains - including Carl's Jr., Green Burrito, Hardee's and Red Burrito - and has more than 3,000 locations in 42 states and 14 countries.
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Rent-A-Center rolls out returns forecasting from Predictix.
Rent-A-Center, Inc. (NASDAQ/NGS: RCII), the nationís largest rent-to-own operator, has successfully implemented a returns forecasting solution from Predictix in several hundred stores and is continuing to roll out across the retailerís chain of nearly 3,000 stores nationwide. This work is part of a larger initiative to enhance and centralize how the company purchases and distributes inventory to each store.
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