Knowledge Discovery Solutions for Intelligent Enterprises

Knowledge Discovery Solutions for Intelligent Enterprises

Nilmini Wickramasinghe, Sushil K. Sharma
DOI: 10.4018/978-1-59140-553-5.ch307
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The exponential increase in information—primarily due to the electronic capture of data and its storage in vast data warehouses—has created a demand for analyzing the vast amount of data generated by today’s organizations so that enterprises can respond quickly to fast changing markets. These applications not only involve the analysis of the data but also require sophisticated tools for analysis. Knowledge discovery technologies are the new technologies that help to analyze data and find relationships from data to finding reasons behind observable patterns. Such new discoveries can have profound impact on designing business strategies. With the massive increase in data being collected and the demands of a new breed of intelligent applications like customer relationship management, demand planning and predictive forecasting, the knowledge discovery technologies have become necessities to providing high performance and feature rich intelligent application servers for intelligent enterprises. The new knowledge based economy entirely depends upon information technology, knowledge sharing, as well as intellectual capital and knowledge management.

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