Terms Glossary D Data Mining
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Data Mining

Generally, data mining (sometimes called data or knowledge discovery) is the process of analyzing data from different perspectives and summarizing it into useful information - information that can be used to increase revenue, cuts costs, or both.
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For example, one Midwest grocery chain used the data mining capacity of Oracle software to analyze local buying patterns. They discovered that when men bought diapers on Thursdays and Saturdays, they also tended to buy beer. Further analysis showed that these shoppers typically did their weekly grocery shopping on Saturdays. On Thursdays, however, they only bought a few items.
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IS Predict
IS Predict
Our innovative and self-learning Data Mining solutions for predictive analytics discover the secrets of your data to optimize your business. Our extremely fast and flexible streaming analytics solutions analyze large Data Streams for complex patterns in real time – and allow instant action
MEMEX
MEMEX
MERLIN OEE, is a Manufacturing Execution System (MES) that allows companies to see first hand the productivity and increased profitability as it happens. Real-time visible dashboard metrics are available for the entire shop floor to see and OEE + DNC hardware and software enable your company to function at its best. Because it takes the data straight from the machine itself, in real-time, automatically, you will see your company’s production increase a minimum of 10% in operational improvement, and a 20% – 60% increase in profit, in less than 3 months. MERLIN OEE is a time saving, and money saving solution, that will increase productivity and profitability in the long run.
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