Customers gain better relations ships and a trust

Info icon This preview shows pages 4–6. Sign up to view the full content.

View Full Document Right Arrow Icon
products to each customer is a great business practice. Customers gain better relations ships and a trust with their financial institutions. Healthcare companies such as Owens and Minor “are the leading distributor of medical and surgical supplies to the acute-care market and a healthcare supply chain company” (Efraim Turban, Linda Volonino, 2011). This company uses data mining software to help them help customers find competitive prices for hospital supplies. Hospitals are able to manage their demanding budgets by allowing Owens and Minor to help them cut supply costs. Owens and Minor is an award winning company because they do the research for the
Image of page 4

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Data Mining 5 companies and share their findings. Sharing cost saving facts with customers is a great business practice. Data mining can help companies in so many ways. It can help companies track patterns in its finances, business practices, and with the customers. Having computer software to go into the archived records of the company and bring collaborate it with more recent data is a great benefit to the success of the company. Even though there are some disadvantages to data mining and how much data can be analyzed at one time, companies should still be able to get a clear picture of the past and the future of the business.
Image of page 5
Data Mining 6 Bibliography Bradley, Paul, Gehrke, Johannes,Ramakrishnan, Raghu Srikant, Ramakrishnan. (2002). SCALING MINING ALGORITHMS TO LARGE DATA BASES. Communications of the ACM , p38, 5p. Data Mining Algorithms (Analysis Services - Data Mining) . (2012). Retrieved Sept 3, 2012, from MSNDN: http://msdn.microsoft.com/en-us/library/ms175595.aspx Efraim Turban, Linda Volonino. (2011). Information Technology for Management. Hobooken : John Wiley and Sons.
Image of page 6
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern