The conversation between human and AI assistant.
What is the difference between data warehousing, data mining and big data analytics?
That makes sense. Can you give me an example of how these three concepts are used in a business setting?
Sure. Let's say a retail company wants to track its sales data. They would first need to set up a data warehouse to store all the sales data from different sources like their website, social media, and brick-and-mortar stores. Then, using data mining techniques, they can analyse the sales data to identify patterns, such as which products sell the best and which locations have the highest sales. Finally, using big data analytics, they can analyse large and complex data sets to uncover insights on customer behaviour, market trends, and identify opportunities for growth.