Marketing Infographics, Technology

The Power of Data Mining and Decision Support Systems

This infographic from the New Jersey Institute of Technology illustrates the Data Mining and Decision Support Systems, defining the four different processes within the overall system.

  • Data Management – collects the information that a company has available from their sales, records, and customer reports.
  • Model Management – attempts to create conclusions from existing business strategies to see whether or not they are successful.
  • Knowledge Engine – looks to create new paradigms to interact with trends.
  • User Interface – allows for interaction in the data itself.

The first, data management, collects the information that a company has available from their sales, records, and customer reports. Model management attempts to create conclusions from existing business strategies to see whether or not they are successful. A knowledge engine looks to create new paradigms to interact with trends. Finally, user interface allows for interaction in the data itself. Each part of the system can drive another part.

data-mining-infographic

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