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Dr.Michael Hammer
the fundamental rethinking and radical redesign of business processes to achieve dramatic improvements in critical, contemporary measures of performance such as cost,quality,service and speed.
Data Warehousing
Operational Data DB - Lot of Problems Amount of Data increases Affect the system performances Archive operational data Operational data Non-Operational Data
Data Mining
DM is the process of identifying valid,novel,potentially useful and ultimately comprehensive knowledge from database that is use to make crucial business decisions. DM is sorting through data to identify patterns and establish relationships. Data mining is a class of database applications that look for hidden patterns in a group of data that can be used to predict future behavior.
For example ; data mining software can help retail companies find customers with common interest.
Fast Analysis of Shared Multi-Dimensional Information FAST - Targeted to deliver most responses to users within about 5 Seconds. ANALYSIS Cope with any business logic & Statistical Analysis that is relevant for the application and the user. SHARED - Implements all the security requirements for confidentiality MULTI-DIMENSION Multi-Dimensional conceptual view of the data. INFORMATION All of the data Relevant for the application.