by Data Processing
Also known as Data Warehousing is a technology that aggregates structured data from one or more sources in order to compare and analyze rather than transaction processing.
Benefits of Data Processing:
- Consistent and quality data
- Reduce in cost
- Timely access of data
- Improved performance and productivity
Data Mining
It is the process of extracting useful information, finding patterns and correlations within large data sets to identify relationships between data. Data mining tools also allow businesses to predict customer behavior.
Benefits of Data Mining
- Direct marketing
- Analyzing trends
- Fraud Detection
- Forecasting in financial markets
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Data Mining |
Data Processing |
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| Definition | It is the process of extracting important pattern from large datasets. | It is the process of analysing and organizing raw data in order to determine useful information’s and decisions |
| Function | It is used in discovering hidden patterns in raw data sets. | In this all operations are involved in examining data sets to fine conclusions. |
| Data set | In this data set are generally large and structured. | Dataset can be large, medium or small, Also structured, semi structured, unstructured. |
| Visualization | It generally does not require visualization | Surely requires Data visualization. |
| Goal | Prime goal is to make data useable. | It is used to make data driven decisions. |
| Required Knowledge | It involves the intersection of machine learning, statistics, and databases. | It requires the knowledge of computer science, statistics, mathematics, subject knowledge Al/Machine Learning. |
| Models | Often require mathematical and statistical models | Analytical and business intelligence models |
| Known as | It is also known as Knowledge discovery in databases. | Data analysis can be divided into descriptive statistics, exploratory data analysis, and confirmatory data analysis |
| Output | It shows the data tends and patterns. | The output is verified or discarded hypothesis |
