Write (5pages) of Data Warehouse, OLAP and Data Mining for Business Essay

Write (5pages) of Data Warehouse, OLAP and Data Mining for assembly line Applications - Essay ExampleThis eradicates the need of specialists installing them after purchasing the database (Ling and Tamer, 2009).The research will establish the dissimilar areas of running businesses that this technology can be applied. Some of the areas to be checked are budgeting, sales anticipation and determining whether to produce a new product or not.The main objective will be establishing the benefits accrued by multinational businesses when they carry out data mining in their data warehouse. This data will be used in determining if these benefits can be passed to small scale businesses without the expertness of purchasing this technology (OBrien & Marakas, 2009).The research will establish the cost benefit that businesses receive by apply this technology. Cost benefit will establish the opportunity cost of using this technology instead of manual of arms data analysis using the stand alone software.The data warehouse is a collection of data which helps management in decision qualification. The warehouse has a capability of providing enormous amount of information at the same time. This makes it a better tool for use by businesses that are storing amount of information astir(predicate) their doing operation process. The data warehouse ability of integration with modern analysis tools like OLAP is an proceeds to corporate. This helps in timely and correct analysis of data, which can be used in decision making by managers (Agosta, 2004).These are software tools that enable data analyst analyze data and view it from seven-fold perspective. The multiple perspective help managers analyze different options of a problem before arriving at a conclusion. OLAP support activities like analyzing the financial trends in businesses. This would bring to the attention a manager a production line that cost of production is rising without any additional benefits accruing from it. O LAP tools are easy to use and do not require massive investment