This is an article from the July 2006 issue of DM Review's Extended Edition. Click on this link for more information on DMR Extended Edition or to download this entire issue in a PDF format.While data mining has been around for decades, companies still struggle with the challenge of applying the results of data mining in real time in an operational environment. Real-time operational business intelligence (BI) offers improvements on existing solutions and can be found in a variety of applications.
The results of data mining are used every day to detect problems and uncover opportunities. To be truly useful, though, those results should be quickly and easily incorporated back into the organization's processes and systems. An effective BI solution should be able to mine both transactional and historical data in real time and integrate the knowledge gained in an operational environment.
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