Data Warehousing & Data Mining (Part -2)

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National Institute of Business Management
Chennai - 020
EMBA/ MBA

Data Warehousing & Data Mining (Part -2)

Attend any 4 questions.  Each question carries 25 marks
(Each answer should be of minimum 2 pages / of 300 words)

Q. 1.       What are the main areas of criticism of Stores Division? Explain.

Answer:

Q. 2.          Performance Indicators (PI) can be developed for the various domains Explain.

Answer: A performance indicator or key performance indicator (KPI) is a type of performance measurement. KPIs evaluate the success of an organization or of a particular activity in which it engages. Often success is simply the repeated, periodic achievement of some levels of operational goal (e.g. zero defects, 10/10 customer satisfaction, etc.), and sometimes success is defined in terms of making progress toward strategic goals. Accordingly, choosing the right KPIs relies upon a good understanding of what is important to the organization. 'What is important' often depends on the department measuring the performance - e.g. the KPIs useful to finance will really differ from the KPIs assigned to sales. Since there is a need to understand




Q. 3.           The ISO 9000 set of guidelines is for customers/buyers and suppliers to select an       appropriate quality assurance model as relevant to a particular contractual   relationship. ISO 9004 provides the set of guidelines to develop and implement the quality management system. Explain.

Answer: ISO 9000 - a set of standard series, first published in 1987 by the International Organisation for standardisation (ISO) has become a necessity for today's every organisation, except for smallest or only local commercial enterprises, since globalisation and liberalisation has become a reality in the world and India too has accepted this. Today we see in market place not only products but also services offered by ISO certified organisations which includes goods on one hand and banks, hospitals, schools etc on the other. We also see products and services from multinational companies having their headquarters in other countries. Hither to imported goods and services are now available in the Indian market and hence the




Q. 4.           Explain the important factors of a Stores Division as one of the most important     divisions serving the needs of all the departments and influencing the efficiency and productivity of any industry.

Answer:

Q. 5.       Explain simple data mining applications with examples.

Answer:Data mining is a term from computer science. Sometimes it is also called knowledge discovery in databases (KDD). Data mining is about finding new information in a lot of data. The information obtained from data mining is hopefully both new and useful.

In many cases, data is stored so it can be used later. The data is saved with a goal. For example, a store wants to save what has been bought. They want to do this to know how much they should buy themselves, to have enough to sell later. Saving this information, makes a lot of data. The data is usually saved in a database. The reason why data is saved is




Q. 6      Explain the technology of Machine learning as a burgeoning new technology or mining knowledge from data.

Answer:Machine learning is a subfield of computer science that evolved from the study of pattern recognition and computational learning theory in artificial intelligence. Machine learning explores the construction and study of algorithms that can learn from and make predictions on data. Such algorithms operate by building a model from example inputs in order to make data-driven predictions or decisions, rather than following strictly static program instructions.



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