User talk:Lawlara5

Data Mining:

The amount of data that is available for use by business is really not the question, but how these disparate datas get crunched and, the method employed to translate the data to useful information that can eventually help managers in thier effort to make timely effective business decision. It is true there are all sorts of database applications out there that can be used to achieve this goal. However, one question that must be answered amongst others is, 'what model of database' to applly, and at what cost. Meaning that business managers that are responsible for this activities need to have knowledge of what database is right. It's been reported many times that some IT projects failed to meet expectation not because of the application, but for lack of adequate technical knowledge. On the final analysis, the goal is to make sure that the information generated are relevant and sufficient to allow managemnt make an effective strategic business decision.

Another area of concern in the proper and intelligent use of the information collected. The effective and timely use of the infromation is as important as the informtion itself. Timely use of information by business can have a great impact on the final outcome or result. A Well defined and properly managed information can become irrelevant if the timing is wrong. It very crucial for managers to understand the inportant of time in data management. The time that it take to make a relevant information for a strategic business decision is part of the questions that must be addressed.

01:02, 10 March 2009 (UTC)