Concept explainers
Explanation of Solution
Function of Credit Card approval application:
The main function of credit card approval application is to check for unusual pattern in the user’s recent purchase and notify the user asking him to verify personally if any unusual purchase pattern is spotted as a data mining pattern is integrated into credit card’s agency purchase approval process.
Data storage in Credit Card approval application:
The data in credit card approval application are stored in CPU processors as data storage is free and Data mining techniques are designed and implemented on the stored data.
Mention how the unsupervised data could spiral out of control of humans:
It is generally observed that a data miner extracts a data set and inputs it into an unsupervised data mining application for analysis.
- The application then searches through the data to find patterns, trends and other business intelligence report.
- But cases may arise when the BI applications become sophisticated enough to replace the BI analyst due to advance technology in Machine Learning and
Artificial Intelligence ...
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Using MIS (10th Edition)
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- How can a methodology improve data security implementation? How can a method boost efficiency?arrow_forwardPurpose In this lab activity, you will be introduced to the concept of enriching data with SPLUNK. This three-hour course is for knowledge managers who want to use lookups to enrich their search environment. Topics will introduce lookup types and cover how to upload and define lookups, create automatic lookups, and use advanced lookup options. Additionally, students will learn how to verify lookup contents in search and review lookup best practices.arrow_forwardIs the Big Data Market Being Driven by Mass Hysteria? What are the two advantages and disadvantages of the new field of big data?arrow_forward
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