Data Mining for Dollars

The more you know, the more you're aware you could be saving. And the deeper you dig, the richer the reward.

That's today's data mining capsulation of your realization: awareness of cost-saving options amid logistical obligations.

According to global trade group Association for Information and Image Management (AIIM), fewer than 25% of organizations in North America and Europe are currently utilizing captured data as part of their business process. With high ease and low cost associated with utilization of their information, this unawareness is shocking. And costly.

Shippers - you're in prime position to benefit the most by data mining and assessing your electronically-captured billing records, by utilizing a freight bill processing provider, to realize and receive significant savings.

Whatever your volume, the more you know about your transportation options, throughout all modes, the easier it is to ship smarter and save. A freight bill processor is able to offer insight capable of saving you 5% - 15% annually on your transportation expenditures.

The University of California - Los Angeles states that data mining is the process of analyzing data from different perspectives and summarizing it into useful information - knowledge that can be used to increase revenue, cuts costs, or both. Data mining software is an analytical tool that allows investigation of data from many different dimensions, categorize it, and summarize the relationships identified. Technically, data mining is the process of finding correlations among dozens of fields in large relational databases. Practically, it leads you to noticeable shipping savings.

Data mining and subsequent reporting of shipping activity will yield discovery of timely, actionable information that empowers you to make the best logistics decisions based on carrier options, along with associated routes, rates and fees. This function also provides a deeper understanding of trends, opportunities, weaknesses and threats. Exploration of pertinent data, in any combination over any time period, enables you the operational and financial view of your functional flow, ultimately providing you significant cost savings.

With data mining, you can create a report based on a radius from a ship point, or identify opportunities for service or modal shifts, providing insight regarding carrier usage by lane, volume, average cost per pound, shipment size and service type. Performance can be measured based on overall shipping expenditures, variances from trends in costs, volumes and accessorial charges.

The easiest way to get into data mining of your transportation information is to form an alliance with a freight bill processor that provides this independent analytical tool, and utilize their unbiased technologies and related abilities to make shipping decisions that'll enable you to ship smarter and save.


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Basics of Online Web Research, Web Mining & Data Extraction Services

The evolution of the World Wide Web and Search engines has brought the abundant and ever growing pile of data and information on our finger tips. It has now become a popular and important resource for doing information research and analysis.

Today, Web research services are becoming more and more complicated. It involves various factors such as business intelligence and web interaction to deliver desired results.

Web Researchers can retrieve web data using search engines (keyword queries) or browsing specific web resources. However, these methods are not effective. Keyword search gives a large chunk of irrelevant data. Since each webpage contains several outbound links it is difficult to extract data by browsing too.

Web mining is classified into web content mining, web usage mining and web structure mining. Content mining focuses on the search and retrieval of information from web. Usage mining extract and analyzes user behavior. Structure mining deals with the structure of hyperlinks.

Web mining services can be divided into three subtasks:

Information Retrieval (IR): The purpose of this subtask is to automatically find all relevant information and filter out irrelevant ones. It uses various Search engines such as Google, Yahoo, MSN, etc and other resources to find the required information.

Generalization: The goal of this subtask is to explore users' interest using data extraction methods such as clustering and association rules. Since web data are dynamic and inaccurate, it is difficult to apply traditional data mining techniques directly on the raw data.

Data Validation (DV): It tries to uncover knowledge from the data provided by former tasks. Researcher can test various models, simulate them and finally validate given web information for consistency.


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Recover Data With Secure Data Recovery Services

Failure of hard disk drive, server, or RAID array can lead to loss of data stored in the computer and also stop ongoing work. Both these aspects can be extremely detrimental to the interests of the computer user, whether an individual or a business entity.

It is essential that at such a stage data recovery process is set in motion immediately to maximize the possibility of recovering the entire lost data and to make the computer operational. The first step would be to contact a reputable online services provider such as Secure Data Recovery Services. They have a network of it's locations throughout the United States.

Essential Attributes Of Data Recovery Services

If data recovery is of prime importance to you, choose the online recovery services that specialize in all types of them. These include hard drive, RAID recovery, Mac, SQL, and Tape recovery. You must ensure that the data one selected by you should be able to extract vital and critical data from any interface hard disk drive. For example, IDE, EIDE, SATA "Serial ATA," PATA "Parallel ATA," SCSI, SAS, and Fiber Channel. The data one should also be able to recover data from single drive, multiple-drive, and RAID array setups. They should also be able to service all major brand drives.

The most important attribute of Secure Data Recovery Services is that they have qualified, experienced, and professional technicians. They should be able to diagnose the cause of the failure and set it right. These technicians are trained to work continuously till the time a solution to your problem is found. The service also has all modern tools and instruments. The work is carried out in Clean Rooms so that no dust particle can enter the hard drive. All these services are provided to the full satisfaction of the clients and at competitive prices.

Loss of data can be a nightmare. Secure Data Recovery Services have the technical know how, experienced and qualified technicians, necessary tools, Clean Room, and the will to complete the recovery work as quickly as possible.


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Outsource Data Mining Services to Offshore Data Entry Company

Companies in India offer complete solution services for all type of data mining services.

Data Mining Services and Web research services offered, help businesses get critical information for their analysis and marketing campaigns. As this process requires professionals with good knowledge in internet research or online research, customers can take advantage of outsourcing their Data Mining, Data extraction and Data Collection services to utilize resources at a very competitive price.

In the time of recession every company is very careful about cost. So companies are now trying to find ways to cut down cost and outsourcing is good option for reducing cost. It is essential for each size of business from small size to large size organization. Data entry is most famous work among all outsourcing work. To meet high quality and precise data entry demands most corporate firms prefer to outsource data entry services to offshore countries like India.

In India there are number of companies which offer high quality data entry work at cheapest rate. Outsourcing data mining work is the crucial requirement of all rapidly growing Companies who want to focus on their core areas and want to control their cost.

Why outsource your data entry requirements?

Easy and fast communication: Flexibility in communication method is provided where they will be ready to talk with you at your convenient time, as per demand of work dedicated resource or whole team will be assigned to drive the project.

Quality with high level of Accuracy: Experienced companies handling a variety of data-entry projects develop whole new type of quality process for maintaining best quality at work.

Turn Around Time: Capability to deliver fast turnaround time as per project requirements to meet up your project deadline, dedicated staff(s) can work 24/7 with high level of accuracy.

Affordable Rate: Services provided at affordable rates in the industry. For minimizing cost, customization of each and every aspect of the system is undertaken for efficiently handling work.

Outsourcing Service Providers are outsourcing companies providing business process outsourcing services specializing in data mining services and data entry services. Team of highly skilled and efficient people, with a singular focus on data processing, data mining and data entry outsourcing services catering to data entry projects of a varied nature and type.

Why outsource data mining services?

360 degree Data Processing Operations
Free Pilots Before You Hire
Years of Data Entry and Processing Experience
Domain Expertise in Multiple Industries
Best Outsourcing Prices in Industry
Highly Scalable Business Infrastructure
24X7 Round The Clock Services

The expertise management and teams have delivered millions of processed data and records to customers from USA, Canada, UK and other European Countries and Australia.

Outsourcing companies specialize in data entry operations and guarantee highest quality & on time delivery at the least expensive prices.


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Data Discovery vs. Data Extraction

Looking at screen-scraping at a simplified level, there are two primary stages involved: data discovery and data extraction. Data discovery deals with navigating a web site to arrive at the pages containing the data you want, and data extraction deals with actually pulling that data off of those pages. Generally when people think of screen-scraping they focus on the data extraction portion of the process, but my experience has been that data discovery is often the more difficult of the two.

The data discovery step in screen-scraping might be as simple as requesting a single URL. For example, you might just need to go to the home page of a site and extract out the latest news headlines. On the other side of the spectrum, data discovery may involve logging in to a web site, traversing a series of pages in order to get needed cookies, submitting a POST request on a search form, traversing through search results pages, and finally following all of the "details" links within the search results pages to get to the data you're actually after. In cases of the former a simple Perl script would often work just fine. For anything much more complex than that, though, a commercial screen-scraping tool can be an incredible time-saver. Especially for sites that require logging in, writing code to handle screen-scraping can be a nightmare when it comes to dealing with cookies and such.

In the data extraction phase you've already arrived at the page containing the data you're interested in, and you now need to pull it out of the HTML. Traditionally this has typically involved creating a series of regular expressions that match the pieces of the page you want (e.g., URL's and link titles). Regular expressions can be a bit complex to deal with, so most screen-scraping applications will hide these details from you, even though they may use regular expressions behind the scenes.

As an addendum, I should probably mention a third phase that is often ignored, and that is, what do you do with the data once you've extracted it? Common examples include writing the data to a CSV or XML file, or saving it to a database. In the case of a live web site you might even scrape the information and display it in the user's web browser in real-time. When shopping around for a screen-scraping tool you should make sure that it gives you the flexibility you need to work with the data once it's been extracted.


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Strengthen Your Website Content With Online Database Access

Website content, as articles, has taken center stage as web publishers scramble to differentiate their online offers. As both the quantity and quality of articles have accelerated, so too have online directories. These directories often resemble mere lists, but they can be powerful content additions that serve to deepen the value of the overall selling proposition by helping users in locating critical, related resources that for the visitor is otherwise much too time consuming.

On today's websites, it is not uncommon to find online databases designed to provide the data-hungry website visitor with more comprehensive database management functions which are far superior to list-style directories. At a minimum, we find web-driven data pages that include search and display functions which facilitate quick and easy manipulation of back-end SQL databases. Many sites also include options to add, edit, delete, print, and even download data directly from the database to the desktop, all enabled with multiple levels of login/password security. While this is not revolutionary, the technical expertise required to build database-driven web pages has been the domain of more sophisticated online publishers who not only owned the back end database outright, but possessed the required expertise to build and maintain such access for their loyal constituents.

But that has all changed. A flurry of new, low-cost desktop tools have entered the scene, leveling the playing field for the budget-strapped internet marketer who, until recently, was limited to throwing in a basic "telephone book" style directory in an attempt to bolster his value proposition.

Three such tool categories warrant a closer look:

Web data extraction tools costing less than $400 enable web content, as "repeating data", to be easily extracted to MS Excel, MS Access, or virtually any SQL database in high volume. This data serves to build, or at least augment the publisher's's new online database. (Ideally, one should first obtain permission from the website owner before scraping large volumes of data).

The next challenge is to manipulate the collected data now resident in multiple files, and often in disparate data formats. Though list processing applications have long been available, lower cost tools now offer powerful merge/purge capabilities without the need to import and export files in the process. Some simple routines and the data is ready to upload to the database on the host web server.

Finally, the publisher builds the web pages which access the database. Perhaps most exciting is the arrival of a wide variety of desktop code generators, many which are open source, that allow a non-programmer to build customized web pages that rival the database search, display, add, edit,delete and download capabilities previously reserved for the more technical publisher. No longer is the web publisher required to know a single SQL command to accomplish this feat. Amazingly, most of these tools generate pure PHP or PERL code. All that remains is to upload the generated code to the host database and the project is complete. The website now houses a "living, breathing" database, to the extent that the publisher desires to maintain fresh data.

One of the more common, and simple applications of database-driven web pages is to build versatile Frequently Asked Questions (FAQ) pages. Questions and answers can be queried by category (e.g. pricing, product) or keyword (e.g. sporting goods), while enriching the users support experience.

How can such newfound capabilities be monetized? The possibilities are plenty. Limited datasets can be made freely searchable and viewable for casual visitors, though it's usually wise to request that the user register even if membership is free. The idea is to prime the pump, getting casual users to thirst for more comprehensive database access. Extended and full database access can be reserved only for paid members.

Never has a publisher had such power to build data-rich content that can serve to immediately strengthen his unique selling sales proposition. In the old paradigm, he who owned the data held all the power. Today, data is everywhere for the internet entrepreneur. By applying the latest database tools, any website publisher can now cement the most loyal of customer relationships by ensuring that his customer has a reason to keep coming back.

Web visitors have a difficult enough time sorting out the perceived sameness of online offerings. For the content builder, there are few better methods to establish and lock in immediate credibility with customers than to implement an easily accessible database that underscores the site's overall content theme.


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Data Mining and Financial Data Analysis

Introduction:

Most marketers understand the value of collecting financial data, but also realize the challenges of leveraging this knowledge to create intelligent, proactive pathways back to the customer. Data mining - technologies and techniques for recognizing and tracking patterns within data - helps businesses sift through layers of seemingly unrelated data for meaningful relationships, where they can anticipate, rather than simply react to, customer needs as well as financial need. In this accessible introduction, we provides a business and technological overview of data mining and outlines how, along with sound business processes and complementary technologies, data mining can reinforce and redefine for financial analysis.

Objective:

1. The main objective of mining techniques is to discuss how customized data mining tools should be developed for financial data analysis.

2. Usage pattern, in terms of the purpose can be categories as per the need for financial analysis.

3. Develop a tool for financial analysis through data mining techniques.

Data mining:

Data mining is the procedure for extracting or mining knowledge for the large quantity of data or we can say data mining is "knowledge mining for data" or also we can say Knowledge Discovery in Database (KDD). Means data mining is : data collection , database creation, data management, data analysis and understanding.

There are some steps in the process of knowledge discovery in database, such as

1. Data cleaning. (To remove nose and inconsistent data)

2. Data integration. (Where multiple data source may be combined.)

3. Data selection. (Where data relevant to the analysis task are retrieved from the database.)

4. Data transformation. (Where data are transformed or consolidated into forms appropriate for mining by performing summary or aggregation operations, for instance)

5. Data mining. (An essential process where intelligent methods are applied in order to extract data patterns.)

6. Pattern evaluation. (To identify the truly interesting patterns representing knowledge based on some interesting measures.)

7. Knowledge presentation.(Where visualization and knowledge representation techniques are used to present the mined knowledge to the user.)

Data Warehouse:

A data warehouse is a repository of information collected from multiple sources, stored under a unified schema and which usually resides at a single site.

Text:

Most of the banks and financial institutions offer a wide verity of banking services such as checking, savings, business and individual customer transactions, credit and investment services like mutual funds etc. Some also offer insurance services and stock investment services.

There are different types of analysis available, but in this case we want to give one analysis known as "Evolution Analysis".

Data evolution analysis is used for the object whose behavior changes over time. Although this may include characterization, discrimination, association, classification, or clustering of time related data, means we can say this evolution analysis is done through the time series data analysis, sequence or periodicity pattern matching and similarity based data analysis.

Data collect from banking and financial sectors are often relatively complete, reliable and high quality, which gives the facility for analysis and data mining. Here we discuss few cases such as,

Eg, 1. Suppose we have stock market data of the last few years available. And we would like to invest in shares of best companies. A data mining study of stock exchange data may identify stock evolution regularities for overall stocks and for the stocks of particular companies. Such regularities may help predict future trends in stock market prices, contributing our decision making regarding stock investments.

Eg, 2. One may like to view the debt and revenue change by month, by region and by other factors along with minimum, maximum, total, average, and other statistical information. Data ware houses, give the facility for comparative analysis and outlier analysis all are play important roles in financial data analysis and mining.

Eg, 3. Loan payment prediction and customer credit analysis are critical to the business of the bank. There are many factors can strongly influence loan payment performance and customer credit rating. Data mining may help identify important factors and eliminate irrelevant one.

Factors related to the risk of loan payments like term of the loan, debt ratio, payment to income ratio, credit history and many more. The banks than decide whose profile shows relatively low risks according to the critical factor analysis.

We can perform the task faster and create a more sophisticated presentation with financial analysis software. These products condense complex data analyses into easy-to-understand graphic presentations. And there's a bonus: Such software can vault our practice to a more advanced business consulting level and help we attract new clients.

To help us find a program that best fits our needs-and our budget-we examined some of the leading packages that represent, by vendors' estimates, more than 90% of the market. Although all the packages are marketed as financial analysis software, they don't all perform every function needed for full-spectrum analyses. It should allow us to provide a unique service to clients.

The Products:

ACCPAC CFO (Comprehensive Financial Optimizer) is designed for small and medium-size enterprises and can help make business-planning decisions by modeling the impact of various options. This is accomplished by demonstrating the what-if outcomes of small changes. A roll forward feature prepares budgets or forecast reports in minutes. The program also generates a financial scorecard of key financial information and indicators.

Customized Financial Analysis by BizBench provides financial benchmarking to determine how a company compares to others in its industry by using the Risk Management Association (RMA) database. It also highlights key ratios that need improvement and year-to-year trend analysis. A unique function, Back Calculation, calculates the profit targets or the appropriate asset base to support existing sales and profitability. Its DuPont Model Analysis demonstrates how each ratio affects return on equity.

Financial Analysis CS reviews and compares a client's financial position with business peers or industry standards. It also can compare multiple locations of a single business to determine which are most profitable. Users who subscribe to the RMA option can integrate with Financial Analysis CS, which then lets them provide aggregated financial indicators of peers or industry standards, showing clients how their businesses compare.

iLumen regularly collects a client's financial information to provide ongoing analysis. It also provides benchmarking information, comparing the client's financial performance with industry peers. The system is Web-based and can monitor a client's performance on a monthly, quarterly and annual basis. The network can upload a trial balance file directly from any accounting software program and provide charts, graphs and ratios that demonstrate a company's performance for the period. Analysis tools are viewed through customized dashboards.

PlanGuru by New Horizon Technologies can generate client-ready integrated balance sheets, income statements and cash-flow statements. The program includes tools for analyzing data, making projections, forecasting and budgeting. It also supports multiple resulting scenarios. The system can calculate up to 21 financial ratios as well as the breakeven point. PlanGuru uses a spreadsheet-style interface and wizards that guide users through data entry. It can import from Excel, QuickBooks, Peachtree and plain text files. It comes in professional and consultant editions. An add-on, called the Business Analyzer, calculates benchmarks.

ProfitCents by Sageworks is Web-based, so it requires no software or updates. It integrates with QuickBooks, CCH, Caseware, Creative Solutions and Best Software applications. It also provides a wide variety of businesses analyses for nonprofits and sole proprietorships. The company offers free consulting, training and customer support. It's also available in Spanish.

ProfitSystem fx Profit Driver by CCH Tax and Accounting provides a wide range of financial diagnostics and analytics. It provides data in spreadsheet form and can calculate benchmarking against industry standards. The program can track up to 40 periods.


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