Choose the Best Data Mining Company With This Simple Rule

Data mining is the analysis part of the knowledge finding in databases. It involves finding patterns in large data sets including processes like artificial intelligence, machine learning, statistics, and database systems. The main reason why companies do data mining is to transform a large set of data into understandable block of information that can be used for market knowledge. It allows companies to make informed business decisions.

Data mining was looked upon as a luxury until some time back, but businesses are waking up to the importance of the process by seeing the difference it makes. Most of the multinational corporations already have mining integrated as one of their core processes. Many companies don't make strategic decisions unless they have the complete data converted into useful information using mining techniques. However, it is not a cheap process and would require being put to good use in order to be able to justify its cost. This results in a demand of a data mining company that could fulfill the client's needs by being resourceful and economical at the same time.

Searching for the perfect data mining company for your business could become a lot easier if you follow one simple rule. The rule is to make sure you make enough strategic decisions that result in good profit or at least break even with a single session of mining the data, which allows you to justify the cost you put into the whole process. Then, choose the company that offers you the best quotation which allows you to maximize your profits and improve your business processes even more.

Most companies are not very stringent with their plans and pricing and would be happy to go that extra mile in order to help the client. That extra mile could include offering a discount on the whole process, or offering added services or extended time period in the same package and price as quoted. The way you negotiate with the company will decide the profit that you will make from the entire data mining process.

Data mining will not only improve your business decisions, it will improve your business processes as a whole. If used correctly, it will allow you to extract more out of the limited resources. It allows you to have comprehensive real time market knowledge that always keeps you ahead of your competitors. Therefore, putting in a few extra bucks to integrate it into your core business process is a really good idea. As mentioned earlier, if used correctly then it will not only justify its own cost but also increase profits manifold.

Choose the right company by integrating the whole process in your business and make the most of the market knowledge that is present on the internet. The power to make the best and the most informed decisions lies in your own hands, and data mining is one approach that will certainly get you a lot closer to your business goals.

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Achieving Sustainability in Mining

There's so much that our planet gives us for our consumption. These things come in different shapes and sizes, and some of the most abundant of them are minerals. Minerals are essential for living in these modern times, and when it comes to extracting them, mining is still the primary method used.

One of the biggest issues that any industry faces is sustainability, and the mining sector is certainly no exception to it. Some of the things that serve to constrain sustainability in this industry are the ever-increasing demand minerals, the consumption of resources that are needed to extract and process metals, as well as the pollution caused by the process of extracting them.

Increasing Demand for Minerals

There's no question that there's growth in the extraction of construction minerals. As more and more countries become more industrialized, the demand for such minerals is almost directly proportional to the growth in the construction industry. In the 20th century, we saw a growth in the extraction of construction materials. Demand for ores and industrial minerals also increased.

Impacts

Aside from the obvious impact mining has on the environment, it can also have a negative social impact. In order to keep up with the demand for mined resources, there's also a subsequent increase in mining activities to meet such demand. During the course of conducting such activities, there can be times when certain things are overlooked, including the short, medium and even long-term effects of mining activities in the community where they are done. This is then where there arises a need to balance the economic benefits of mining versus its potential harmful effects on the environment.

Sustainability and Maximizing Mining Benefits

There are ways to maximize the benefits we can get from mining as we improve sustainability both on the environmental and social fronts. This was specifically addressed in the Plan of Implementation of the World Summit on Sustainable Development. It identified three priority areas:

a. Support efforts to address the environmental, economic, health and social impacts and benefits of mining, minerals and metals throughout their life cycle;

b. Enhance the participation of stakeholders, including local and indigenous communities and women, to play an active role in minerals, metals and mining development throughout the life cycles of mining operations; and

c. Foster sustainable mining practices through the provision of financial, technical and capacity-building support to developing countries and countries with economies in transition for the mining and processing of minerals.

As long as efforts are made for mining to be environmentally, economically, and socially sustainable, we can enjoy the many benefits of mining without worrying about and suffering the potentially harmful effects mining can have on people and nature.

Source:http://ezinearticles.com/?Achieving-Sustainability-in-Mining&id=8108499

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.

Source: http://ezinearticles.com/?Data-Mining-and-Financial-Data-Analysis&id=2752017

Coal Mining: Timeless Black Gems

Coal is an abundant sedimentary rock and fossil fuel used primarily as an energy source for electricity and other industrial uses such as smelting and alloy production. Coal is seldom confused with charcoal, which is primarily of wooden origin. Coal was previously used as mere household heating commodities but when the industrial revolution began, coal mining started to became large-scale. It then became an important commodity to produce electricity as well as to provide primary energy for industries as well as transportation during the 18th century to the 1950s.

Coal mining can be a very dangerous activity most especially when it involves mining underground. Gases produced can be very toxic or highly flammable, capable of explosions which can instantly kill a team of miners. Fortunately, technology has enabled companies the capacity to effectively protect their workers from the hazards of coal mining. But not only that, they can also do the same or even higher output even with significantly less number or workers.

Coal mining can involve mining underground by shaft mining or, for a more accessible and easier way, open pit mining the rock strata coal beds or coal seams. However, there are several other ways in coal mining.

Coals near the surface can be extracted by using open cut mining methods. Explosives are first used to break through the surface of the mining area and after which it is removed by draglines or by shovel and a truck. With the coal seam exposed, drills are utilized to fracture and thoroughly mine it in strips. Area mining involves drilling holes against the surface of the mining area and then planting the drill holes with explosives. When the surface is exposed, there will be a coal seam exposed. This can be extracted, mined and transported with trucks immediately. If it is still hard enough, this can also be drilled and blasted with explosives. The coal can then be collected until there is none left in the strip - then the process can be repeated to create a new mining strip. This coal mining method is most ideal for flat terrain.

One particular coal mining method is controversial. This is the mountaintop removal mining - and just as its name says, it's literally removing the mountain top, making the ridges and hill tops look like flattened plateaus. It is controversial because it drastically alters the topography as well as disturbing the ecosystem. Valleys will be filled the extracted prize and streams will be covered. The objective to coal mining was to extract these valuable energy sources, but is it really worth the damaging the environment or even risk worse consequences?

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The Coal Mining Industry And Investing In It

The History Of Coal Usage

Coal was initially used as a domestic fuel, until the industrial revolution, when coal became an integral part of manufacturing for creating electricity, transportation, heating and molding purposes. The large scale mining aspect of coal was introduced around the 18th century, and Britain was the first nation to successfully use advanced coal mining techniques, which involved underground excavation and mining.

Initially coal was scraped off the surface by different processes like drift and shaft mining. This has been done for centuries, and since the demand was quite low, these mining processes were more than enough to accommodate the demand in the market.

However, when the practical uses of using coal as fuel sparked industrial revolution, the demand for coal rose abruptly, leading to severe shortage of the coal output, gradually paving the way for new ways to extract coal from under the ground.

Coal became a popular fuel for all purposes, even to this day, due to their abundance and their ability to produce more energy per mass than other conventional solid fuels like wood. This was important as far as transportation, creating electricity and manufacturing processes are concerned, which allowed industries to use up less space and increase productivity. The usage of coal started to dwindle once alternate energies such as oil and gas began to be used in almost all processes, however, coal is still a primary fuel source for manufacturing processes to this day.

The Process Of Coal Mining

Extracting coal is a difficult and complex process. Coal is a natural resource, a fossil fuel that is a result of millions of years of decay of plants and living organisms under the ground. Some can be found on the surface, while other coal deposits are found deep underground.

Coal mining or extraction comes broadly in two different processes, surface mining, and deep excavation. The method of excavation depends on a number of different factors, such as the depth of the coal deposit below the ground, geological factors such as soil composition, topography, climate, available local resources, etc.

Surface mining is used to scrape off coal that is available on the surface, or just a few feet underground. This can even include mountains of coal deposit, which is extracted by using explosives and blowing up the mountains, later collecting the fragmented coal and process them.

Deep underground mining makes use of underground tunnels, which is built, or dug through, to reach the center of the coal deposit, from where the coal is dug out and brought to the surface by coal workers. This is perhaps the most dangerous excavation procedure, where the lives of all the miners are constantly at a risk.

Investing In Coal

Investing in coal is a safe bet. There are still large reserves of coal deposits around the world, and due to the popularity, coal will be continued to be used as fuel for manufacturing process. Every piece of investment you make in any sort of industry or a manufacturing process ultimately depends on the amount of output the industry can deliver, which is dependent on the usage of any form of fuel, and in most cases, coal.

One might argue that coal usage leads to pollution and lower standards of hygiene for coal workers. This was arguably true in former years; however, newer coal mining companies are taking steps to assure that the environmental aspects of coal mining and usage are kept minimized, all the while providing better working environment and benefits package for their workers. If you can find a mining company that promises all these, and the one that also works within the law, you can be assured safety for your investments in coal.

Source: http://ezinearticles.com/?The-Coal-Mining-Industry-And-Investing-In-It&id=5871879

Junk Car Removal Services: Lucrative Way to Bid Farewell to Scrap Cars

Are your still wondering if it is the time to call a junk car removal company?

Well, you should call a reliable scrap car removal company, when any one of the below situations is true:

- Your car has a very low trade-in value

- Despite repeated repairs, your car is not working well.

- The vehicle has been in an accident and declared a total loss.

- When you think of selling it, you hardly find any positive points to sell it for a substantial price.

- Your car has become a stationary object.

There are many important benefits of hiring scrap car removal services

- Get a good amount of cash

It may come as a surprise, but your useless car can fetch you a handsome sum. The junk car removal companies will always find something worthy of attention in your piece of junk. In fact, these companies have numerous uses for your car.

They can repair and reuse the broken-down parts of the cars. In case, your entire car has turned into scrap then too, you should contact a junk car removal company. It will save you from being duped.

These companies have experts, who can find multiple utilities for your car and quote a suitable price, accordingly.

If you try to sell your car to a scrap dealer, then you will get the price of scrap and not of the car.

- Sell any model from anywhere

A junk car removal company will never be choosy regarding the make of the car. Other alternatives like the towing companies have a definite list of models of cars that they tow. In case your vehicle does not belong in the list, then they will refuse you out rightly.

Moreover, towing companies do not have the expertise or equipment to work under challenging situations. For instance, if your scrap car has been parked for long and is stuck in debris, then a towing company may not be able to help you.

On the other hand, a junk car removal company is well equipped with work force, and the latest technology to deal with every situation.

It will reach your junk car and tow it away. When you call them for fixing an appointment, they will ask you what the destination of the car is. Provide them with the details. Then, just wait for them to arrive and help you in getting rid of the scrap.

You may have the latest model or an old one, if your car is not living up to your standards, then it is time to call the junk car removal company.

- Fix timing at your convenience and receive prompt services

When you have decided to sell your junk car to a company, you can enjoy the liberty of carrying out the transaction any time you want.

Yes, being the owner of the car, you are free to decide the timing of its pick-up. The scrap car-removal companies are very particular regarding timings.

- Environment-friendly option

The junk car removal companies adopt an earth-friendly approach while getting rid of the junk cars. A trash car pollutes the environment by releasing harmful gases. The companies ensure that every car that it has picked goes through several levels of checks.

During the process, all the parts, which can be reused in any form, are extracted and recycled. Only those parts, which cannot be put into use, in any form, are taken to the junk yard.

Thus, by opting for a scrap car removal company, you are saving the environment and helping in keeping your surroundings clean and healthy.

Source: http://ezinearticles.com/?Junk-Car-Removal-Services:-Lucrative-Way-to-Bid-Farewell-to-Scrap-Cars&id=7206487

Dear Donna: Tread Lightly When Suggesting 'Man-Scaping'

Dear Donna,

A man I recently began dating needs some "man-scaping." I would find him much more appealing if he trimmed the hair in his ears and nose and on the back of his neck. He has hinted that he is buying me something for Valentine's Day. Do you think it would be appropriate to buy him a gift certificate to a spa and tell him he could benefit from some "man-scaping?" - Anonymous

Dear Anonymous,

Since Valentine's Day is about love and romance, I would not put the focus on "man-scaping" by buying him a gift certificate to a spa. There is no easy, tactful way to suggest to someone that they do something about ear and nose hair. One day when you are sitting close to him, whisper in his ear, "I think you could use some "man-scaping." After you explain what "man-scaping" is, be ready with the card to the spa.

Dear Donna,

I am in my 40s, single and dating for the past five years. I meet men mostly through friends, work and online. The last two men I met assumed we would split the bill after lunch or dinner. The first one caught me off guard so I paid. I also immediately decided I would not see him again. The second added up my half of the bill and asked me what kind of tip I thought was appropriate. I told him I thought he should pay, and the date went downhill from there. Whatever happened to the gentleman pays? - Sarah

Dear Sarah,

This is a side effect of online dating. When you are meeting multiple women, it can be expensive to always be the one paying. If you are meeting someone for the first time, keep it simple. Agree to meet for one hour and not over lunch or dinner. Most men do not expect a lady to split the cost of a cup of coffee or a glass of wine. Bottom line, if he is interested in you, he gladly will pay.

Source:http://gazette.com/dear-donna-tread-lightly-when-suggesting-man-scaping/article/1545611