Data Mining Explained

Overview

Data mining is the crucial process of extracting implicit and possibly useful information from data. It uses analytical and visualization techniques to explore and present information in a format which is easily understandable by humans.

Data mining is widely used in a variety of profiling practices, such as fraud detection, marketing research, surveys and scientific discovery.

In this article I will briefly explain some of the fundamentals and its applications in the real world.

Herein I will not discuss related processes of any sorts, including Data Extraction and Data Structuring.

The Effort

Data Mining has found its application in various fields such as financial institutions, health-care & bio-informatics, business intelligence, social networks data research and many more.

Businesses use it to understand consumer behavior, analyze buying patterns of clients and expand its marketing efforts. Banks and financial institutions use it to detect credit card frauds by recognizing the patterns involved in fake transactions.

The Knack

There is definitely a knack to Data Mining, as there is with any other field of web research activities. That is why it is referred as a craft rather than a science. A craft is the skilled practicing of an occupation.

One point I would like to make here is that data mining solutions offers an analytical perspective into the performance of a company depending on the historical data but one need to consider unknown external events and deceitful activities. On the flip side it is more critical especially for Regulatory bodies to forecast such activities in advance and take necessary measures to prevent such events in future.

In Closing

There are many important niches of Web Data Research that this article has not covered. But I hope that this article will provide you a stage to drill down further into this subject, if you want to do so!

Should you have any queries, please feel free to mail me. I would be pleased to answer each of your queries in detail.

Source: http://ezinearticles.com/?Data-Mining-Explained&id=4341782

Uranium Mining Revival in New Mexico through Solution Mining

"We've got to get quickly on a track to energy independence from foreign oil, and that means, among other things, going back to nuclear power," U.S. Senator John McCain (R-AZ) recently told Fox News. U.S. Sen. Pete Domenici (R-NM) invited Louisiana Enrichment Services (LES) to build a gas-centrifuge uranium enrichment facility near Hobbs, New Mexico. The facility is currently undergoing the permitting process. Southwest Research and Information Center's Annette Aguayo told us the group planned to begin working on stopping that project. Some environmentalists remain behind the times.

Other environmentalists, who led before, are leading again. James Lovelock, the spiritual guru of the world's environmental movement, sometimes called the "Father of the Green Revolution," because of his research and widely embraced warnings on DDT and CFCs, wrote in Reader's Digest, (March, 2005), "The figures show that many people's fears of nuclear energy are unreasonable." Dr. Lovelock also said "the Greens are plain wrong to oppose it." In May, 2004, Lovelock wrote, "Nuclear power is the only green solution."

New Mexico is primed for a uranium revival, not with conventional mining, but with ISL operations. The in situ leaching method, also known as solution mining, is environmentally friendly. Because it is low cost and does not contaminate the environment in ways that uranium mining did in the 1950s, many uranium companies plan to use this safer method for mining uranium in New Mexico.

In a conversation, late last year, with Grants Chamber of Commerce and Mining Museum employee Barbara Hahn, a deep resentment resounded in her voice when talking about the collapse of the uranium mining business in the 1980s. Grants (NM) was a boom town, during the 1970s uranium boom, when spot uranium prices climbed, and stayed above $40/pound. "Grants replaced the lost mining jobs by opening prisons," she told us. "Now, others bring us their prisoners." Ms. Hahn believed only 35 percent of the uranium had been extracted from the Grants Mineral Belt. "Most of it is still there," she added. According to a McLemore and Chenoweth geological report, a resource of 558 million pounds (279,000 short tons) might still be extracted. The question in the 1980s as it is today revolves around the spot price of uranium.

The higher the spot price of uranium, the more economic it can be to mine. As the price of uranium rises, then the quantity of an economic resource increases. At $30/pound, the U.S. Energy Information Administrated reported the state of New Mexico held 84 million pounds of uranium oxide, grading 0.28/ton, as of Dec 31, 2003. However, at $50/pound uranium, that quantity would jump to 341 million pounds. The spread on the gross value of the uranium assets between those price levels is nearly $15 billion! As the spot price escalates, the economic reserves grow.

Said William Sheriff, Director of Corporate Development for Energy Metals (TSX: EMC), "Our long-term, big, big projects are going to be in New Mexico. Long term, we think New Mexico is going to be quite valuable to us." He explained his company's plans are to first develop production centers in Texas and Wyoming, before developing ISL operations in The Enchanted State. Sheriff added, "Nothing in New Mexico in terms of the first five years, but that's not to say we're going to sit idly by. We're going to be aggressively pursuing these. The only thing we're going to be pursuing is ISL production." Based upon the company's extensive acquisitions in Wyoming, New Mexico and elsewhere, Sheriff threw down the gauntlet at Cameco and Cogema, whose ISL operations in Wyoming contribute the largest share of U.S. uranium production, "We intend to become the largest ISL producer in the United States."

David Miller, President and Chief Operation Officer of Strathmore Minerals, (TSX: STM; Other OTC: STHJF), believes, "The ISL production method will continue to grow in the United States, but we will also see a return to conventional mining and milling in the western states." In addition to their Wyoming uranium properties, Strathmore hopes to move forward their Church Rock uranium property on the heels of Uranium Resources' (OTC BB: URRE) permitting on Section 17, held by their HRI subsidiary. Basically, all three companies are friendly neighbors in the area. There is evidence they frequently talk among themselves, comparing notes. The three uranium juniors appear to be the current major players in New Mexico for ISL uranium mining.

Ron Driscoll, one of the co-founders of Quincy Energy, which has been acquired by Energy Metals, said, "It will get interesting when the oil companies get involved again." It is probably early for the oil giants to rush back into uranium. In the last uranium boom, many of the major oil companies were leaders in the uranium exploration and mining. Kerr-McGee Nuclear was the number one private sector uranium producer in the world. Other major oil companies involved in uranium mining and exploration included Mobil, Phillips, Conoco, Exxon, Chevron, Amoco and others. Another of the recently arrived uranium juniors, Max Resources (TSX: MXR) also plans to drill at the other end of New Mexico, in Socorro County (about 100 miles south of Albuquerque). MXR's property was once drilled by OxyMin, a subsidiary of Occidental Petroleum, during the 1980s, before the price of uranium fell off a cliff.

Perhaps, one major company will emerge in New Mexico, consolidating the others, or some of the others. "There's a huge number of small uranium plays in the North American market that need critical mass," Neal Froneman, CEO of Uranium One (TSE: SXR) recently told a South African newspaper. "Consolidation will drive our business in the US and Canada, where we think it's tactically smart to be." Uranium One was itself a consolidation between Toronto-based Southern Cross and South African-based Aflease. Froneman concluded, ""It makes sense to have a major presence in North America in order to supply the (U.S.) utilities that will need to be built."

"The geology for this area, with regards to ISL uranium operations, could help make New Mexico an important supplier to U.S. utilities, possibly before the end of this decade," Strathmore's David Miller agreed. "I would not be surprised at all if there were more uranium to be found in New Mexico than is currently estimated. That's why companies have exploration programs." From a state, which has produced over 300 million pounds of uranium, and which may have between 300 million and 600 million additional pounds of uranium, New Mexico will be a prime target for uranium companies as long as the price of uranium continues to rise. Will uranium crash and burn, as it did in the 1980s? After accurately predicting the spot price of uranium would double in a StockInterview feature in June 2004, Miller recently told StockInterview, "I wouldn't be surprised to see the price double again."

Source:http://ezinearticles.com/?Uranium-Mining-Revival-in-New-Mexico-through-Solution-Mining&id=179129

Data Mining in the 21st Century: Business Intelligence Solutions Extract and Visualize

When you think of the term data mining, what comes to mind? If an image of a mine shaft and miners digging for diamonds or gold comes to mind, you're on the right track. Data mining involves digging for gems or nuggets of information buried deep within data. While the miners of yesteryear used manual labor, modern data minors use business intelligence solutions to extract and make sense of data.

As businesses have become more complex and more reliant on data, the sheer volume of data has exploded. The term "big data" is used to describe the massive amounts of data enterprises must dig through in order to find those golden nuggets. For example, imagine a large retailer with numerous sales promotions, inventory, point of sale systems, and a gift registry. Each of these systems contains useful data that could be mined to make smarter decisions. However, these systems may not be interlinked, making it more difficult to glean any meaningful insights.

Data warehouses are used to extract information from various legacy systems, transform the data into a common format, and load it into a data warehouse. This process is known as ETL (Extract, Transform, and Load). Once the information is standardized and merged, it becomes possible to work with that data.

Originally, all of this behind-the-scenes consolidation took place at predetermined intervals such as once a day, once a week, or even once a month. Intervals were often needed because the databases needed to be offline during these processes. A business running 24/7 simply couldn't afford the down time required to keep the data warehouse stocked with the freshest data. Depending on how often this process took place, the data could be old and no longer relevant. While this may have been fine in the 1980s or 1990s, it's not sufficient in today's fast-paced, interconnected world.

Real-time EFL has since been developed, allowing for continuous, non-invasive data warehousing. While most business intelligence solutions today are capable of mining, extracting, transforming, and loading data continuously without service disruptions, that's not the end of the story. In fact, data mining is just the beginning.

After mining data, what are you going to do with it? You need some form of enterprise reporting in order to make sense of the massive amounts of data coming in. In the past, enterprise reporting required extensive expertise to set up and maintain. Users were typically given a selection of pre-designed reports detailing various data points or functions. While some reports may have had some customization built in, such as user-defined date ranges, customization was limited. If a user needed a special report, it required getting someone from the IT department skilled in reporting to create or modify a report based on the user's needs. This could take weeks - and it often never happened due to the hassles and politics involved.

Fortunately, modern business intelligence solutions have taken enterprise reporting down to the user level. Intuitive controls and dashboards make creating a custom report a simple matter of drag and drop while data visualization tools make the data easy to comprehend. Best of all, these tools can be used on demand, allowing for true, real-time ad hoc enterprise reporting.

Source: http://ezinearticles.com/?Data-Mining-in-the-21st-Century:-Business-Intelligence-Solutions-Extract-and-Visualize&id=7504537

Internet Data Mining - How Does it Help Businesses?

Internet has become an indispensable medium for people to conduct different types of businesses and transactions too. This has given rise to the employment of different internet data mining tools and strategies so that they could better their main purpose of existence on the internet platform and also increase their customer base manifold.

Internet data-mining encompasses various processes of collecting and summarizing different data from various websites or webpage contents or make use of different login procedures so that they could identify various patterns. With the help of internet data-mining it becomes extremely easy to spot a potential competitor, pep up the customer support service on the website and make it more customers oriented.

There are different types of internet data_mining techniques which include content, usage and structure mining. Content mining focuses more on the subject matter that is present on a website which includes the video, audio, images and text. Usage mining focuses on a process where the servers report the aspects accessed by users through the server access logs. This data helps in creating an effective and an efficient website structure. Structure mining focuses on the nature of connection of the websites. This is effective in finding out the similarities between various websites.

Also known as web data_mining, with the aid of the tools and the techniques, one can predict the potential growth in a selective market regarding a specific product. Data gathering has never been so easy and one could make use of a variety of tools to gather data and that too in simpler methods. With the help of the data mining tools, screen scraping, web harvesting and web crawling have become very easy and requisite data can be put readily into a usable style and format. Gathering data from anywhere in the web has become as simple as saying 1-2-3. Internet data-mining tools therefore are effective predictors of the future trends that the business might take.

If you are interested to know something more on Web Data Mining and other details, you are welcome to the Screen Scraping Technology site.

Source: http://ezinearticles.com/?Internet-Data-Mining---How-Does-it-Help-Businesses?&id=3860679

Revitalize and Refresh Your Home With a Dry Organic Deep Extraction Carpet Cleaning

While everyone is familiar with the old-style of water intensive steam-based carpet cleaning methods, few are aware of the benefits of high powered dry extraction carpet cleaning technology. With the environmental concerns of today, and water shortages throughout the country, dry extraction carpet cleaning is starting to gain popularity. This method employs the use of vigorous agitation, deep cleaning organic and biodegradable cleansing materials, and high powered vacuum extraction, to rejuvenate and cleanse deep into the carpet fibers.

The agitation system is composed of two counterrotating nylon brushes which are safe for any synthetic and natural carpet fiber. Natural material carries the cleaning agents and is spread similar to that of carpet powder. High vacuum pressure utilizing HEPA filtration extracts deep down dirt, grime and mold particles. Dry extraction carpet cleaning, while utilizing no water, will leave the carpet ready to walk on as soon as the cleaning is finished.

With old-style steam carpet cleaning it is oftentimes required to use several hundred gallons of water to achieve the same results. And while this type of carpet cleaning may seem less expensive, what many of these companies don't tell you, is that the water they will be using will come from your own tap. Many of the cheapest steam cleaning companies will simply utilize steam cleaning machines which will pump the used water back into your yard.

Dry extraction carpet cleaning requires no additional or hidden costs from the customer. The equipment is lightweight and easy to maneuver, allowing the technician to finish the job usually in half the time of conventional steam methods. Utilizing completely biodegradable organic carrier agents, this material is worked into the carpet to achieve the cleaning and then extracted through high-powered vacuum. The twin brushed agitation method stretches and extends the carpet pile, leaving a texture similar to that of freshly laid carpet.

The scent is pleasant and not overwhelming, leaving the home smelling fresh. Dry extraction carpet cleaning has been around for quite a few years commercialy, but only now is it starting to gain recognition and serious competition to other carpet cleaning services. When looking around for your next carpet cleaning service, consider a dry deep extraction system. With this method there are no harsh chemicals or cleaning agents that can harm your carpets, whether they are wool, shag, cut pile or premium import.

Try dry extraction cleaning the next time you want your carpet deep down clean, you won't be disappointed.

For the absolute best home cleaning and maid service on Metro North Atlanta. MaidPro can get the job done, you dirty it, we can clean it- guaranteed! We only use safe, organic, hypoallergenic, cleaning supplies and systems.

Source:http://ezinearticles.com/?Revitalize-and-Refresh-Your-Home-With-a-Dry-Organic-Deep-Extraction-Carpet-Cleaning&id=1608594

Keene Labs: Create beautiful word clouds with scraped data

Without innovation it’s impossible for consultancies to offer services that represent real added value. So we test innovative new technologies by pushing them through Keene Labs. Our dedicated project area where we work with open source communities to develop new products that improve our services.

One of the tools we’ve been delivering client work and experimenting with is called import.io. Through using crawlers, the tool can turn any webpage into raw data – this in turn can be manipulated in a number of ways. The tool itself was built by a young tech startup based in London who I had the pleasure of meeting at the end of last year.

In the screen capture video below I show you how you can use import.io to scrape data from a blog and then present this data as a beautiful word cloud using Tagul. It’s my first screen capture ever – so don’t pass too much negative judgment!

Source:http://www.keenecomms.com/2015/02/05/keene-labs-create-beautiful-word-clouds-with-scraped-data/