Sunday, September 13, 2009

Data Mining



Data mining is the process of extracting patterns from data. The patterns, associations, or relationships among all these data can be transformed into important information. Information that can be used to increase revenue, cut costs, or both and can be converted into knowledge about historical patterns and future trends.
In the area of energy and environmental engineering data mining is being used to help us realize how a system or an organization operates. It 's the first and most important step which public and private organizations, SMEs, building owners e.t.c., who want to cut their operational costs and their impact to the environment, should take.
Business owners and CEOs from several business sectors such as shipping, hospitallity, industry, telecommunications, real estate and many others, especially during this last world economic crisis, use data mining to better understand their organizations and make them run properly, cut costs and reduce their environmental footprint.


Data mining consists of five major elements:

  • Extract, transform, and load transaction data onto the data warehouse system.
  • Store and manage the data in a multidimensional database system.
  • Provide data access to business analysts and information technology professionals.
  • Analyze the data by application software.
  • Present the data in a useful format, such as a graph or table.
It is a very useful tool which helps engineering and consulting professionals implement energy efficiency improvement and environmental footprint reduction products and policies for their clients. For instance, installing some hardware and using a tailored software in a ship, we can understand where, when and how energy and natural resources are being used, how wastes are managed and generally the overall impact of the ships operation to the environment. Using this information the consultant engineer will propose to the managers and the owners ways and products which will help their ships cut operating costs and reduce their impact to the environment. Also general strategy and policies can be adopted in order to get harmonized with the international safety standards and get one step forward and ahead of the emissions trading system that seames to be created for the shipping industry.





*If you have questions about data mining and how this tool can be useful for your business or organisation in order to improve its energy efficiency and reduce its environmental footprint contact
mellon energy and one of our experts will be there for you.



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