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Data Analysis: A Roadmap to Better Decision-Making. Edition No. 1

VDM Publishing House, July 2009, Pages: 216


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This book investigates how data and information are
transformed into knowledge that supports
decision-making processes. The 'information
revolution' renders information a common product: it
is easily supplied, accumulated, processed and
managed. In recent years, the amount of data has been
growing exponentially. Traditional methods of data
analysis rely primarily on slower, more expensive
manual investigation and analysis. These limitations
make the traditional methods impractical. This book
provides an alternative approach and presents a novel
framework to advance data analysis through the
knowledge discovery process. This work borrows ideas
from related fields, such as Operations Research,
Inventory Management and Information Theory. Grounded
in these disciplines and formal mathematical
expressions, this work presents a comprehensive model
and corresponding design tools. Last, this book
enables a rigorous exploration of data analysis and
knowledge discovery, tools which provide a roadmap to
better decision-making.



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