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Business Intelligence and Data Mining by Anil Maheshwari

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CHAPTER 1

Wholeness of Business Intelligence and Data Mining

Business is the act of doing something productive to serve someone’s needs, and thus earn a living and make the world a better place. Business activities are recorded on paper or using electronic media, and then these records become data. There is more data from customers’ responses and on the industry as a whole. All this data can be analyzed and mined using special tools and techniques to generate patterns and intelligence, which reflect how the business is functioning. These ideas can then be fed back into the business so that it can evolve to become more effective and efficient in serving customer needs. And the cycle continues on (Figure 1.1).

Figure 1.1 Business intelligence ...

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