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A Govt. Aided UGC Autonomous & NAAC Accredited Institute, Affiliated To R.G.P.V BHOPAL (M.P.), INDIA
PROFICIENCY EXAMINATION
Definition of data warehousing and its components: A data warehouse is a central repository of
data from different sources, and typically includes components such as data sources, ETL processes,
data storage, and metadata.
The benefits of data warehousing for businesses: By collecting and storing data in a central
location, businesses can improve their ability to analyze and make decisions based on that data.
Common data warehousing architectures: Traditional data warehousing models involve storing
data on-premises, while cloud-based models involve storing data in the cloud.
Data Mining in Business
• The role of data mining in business: Data mining can be used in a variety of ways to gain insights
and make data-driven decisions, including customer profiling, market segmentation, fraud
detection, and risk management.
• Examples of companies that use data mining: Amazon uses data mining to make product
recommendations, while American Express uses data mining to detect fraudulent transactions.
• The challenges of data mining in business: Data privacy concerns and data quality issues are
some of the challenges businesses face when using data mining.
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