9606

The Meta Group forecasts that the market for data mining with expand to $300 million (US) in 1997 and to $800 million (US) by the year 2000.

9606

The $1 trillion health-care industry currently suffers from 10 percent to 20 percent waste and needs to trim its operations in the face of increasing competition and rising demands to reduce costs. Health-care providers are employing a variety of new technologies, including data mining tools, data warehousing, the Internet and high-speed private networks.

9608

Meta Group reports that the average data warehouse project costs $3 million and entails between 100GB and 150GB of data comprised of several data marts, or subject-specific warehouse subsets. Data warehouses can be built by users themselves or by systems integrators for users. IBM is preparing a service that lets users outsource data mining via the Internet.

9609

According to the Ernst & Young/American Bankers Association Special Report on Technology in Banking, 45 of the top 100 banks in the US had established data mining programs by May 1995.

9612

Chase Manhattan Bank's CIO Denis O'Leary is guiding the company through new technology projects such as data mining and warehousing, intranets and the Internet. O'Leary is responsible for half of Chase Manhattan's IT budget, which reached $1.8 billion in 1996. In fact, the bank has agreed to a $5.4 million consulting contract with MCI Systemhouse to develop a 500GB data warehouse for profitability information storage throughout the entire Chase Manhattan enterprise.

9702

Wal-Mart will spend $40 to $60 million on upgrades to its NCR Teradata database and related systems. The revamped system will be able to store up to a year of point of sale transaction data. Data warehousing technology was initially used to control inventory costs, but now its usage is helping retailers plan more effective store layouts and conditions under which products sell best.

9703

WorldCom, the nation's fourth-largest telecommunications Company, has reduced its rate of telephone fraud by Implementing a data mining application for fraud detection. WorldCom's $1.5 million data warehouse has already saved the company several millions of dollars.

9703

Industry research indicates that approximately 50% to 70% of data warehouses created in 1997 will actually be data marts, which are more information-specific, simpler versions of data warehouses. Forecasts also predict that data marts will account for 50% of the anticipated $8 billion decision support market by 1998.

9706

a 1996 Meta Group study reveals that enterprise data warehouse implementations typically turn out as multiyear projects that cost average of $3 million., …, Datamarts typically have implementation cycles of three to six months, and datamart costs range between $100,000 and $300,000.

9709

Pizzeria Uno recently spend $300,000 on a decision-support system for top executives and regional managers that supports effective micromanagement of materials and labor, .., Sales figures are nightly to an HP 9000 server and disseminated via Pilot Analysis Server software for data mining in a multidimensional database.