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FT06.01 - Online analytical processing (OLAP) software

FISMM architecture | Uses of the FISMM | Performance management | I T strategy formulation | Technology evaluation | FT01.03 - Online gateway for receipt of reports | FT03.03 - Identity resolution software | FD04.01- Detection of high risk individuals and legal entities | FT04.05 - Web mining software | FD05.06 - Collection of information from foreign FIUs |


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Description Online analytical processing (OLAP) software performs multidimensional analysis of business data and provides the capability for complex calculations, trend analysis, and sophisticated data modeling.
List of functionalities FT06.01.01 - Ability to seamlessly integrate with industry leading RDBMS FT06.01.02 - Ability to perform slice and dice of data sets FT06.01.03 - Ability to perform arithmetic functions, statistical functions FT06.01.04 - Ability to perform trend analysis FT06.01.05 - Availability of ready to use template and layouts for report FT06.01.06 - Provide wizard-driven query capabilities FT06.01.07 - Facility to create ad hoc queries through use of simple business terms FT06.01.08 - Ability to drill-down across and drill-across dimensions FT06.01.09 - Facility to save and export the generated reports
Implementation Notes On - line analytical processing (OLAP) software is used to swiftly answer multi - dimensional analytical queries. Examples of popular OLAP tools are Business Objects, Cognos Business Intelligence, etc. Functionalities of OLAP software are also mentioned under the domains FD04 – Detection of new targets and FD05- Operational analysis.

FT06.02 - Data mining software

Description Data mining is the process of extracting patterns from large data sets by combining methods from statistics and artificial intelligence with database management.
List of functionalities FT06.02.01 - Ability to identify defined patterns in the dataset (trained patterns) FT06.02.02 - Ability to identify groups of records that are similar between themselves but different from the rest of the data using algorithms like clustering techniques (such as K-means), neural networks, self organized maps FT06.02.03 - Ability to discover new patterns in the dataset (detect untrained patterns) and identify defined patterns in the dataset (trained patterns) FT06.02.04 - Ability to detect patterns from time series transactional data set over a defined time period for particular individuals / groups FT06.02.05 - Ability to learn a pattern from examples and using the developed model to predict future values of the target variable using algorithms like regression analysis, neural networks, K-nearest neighbours
Implementation Notes Data Mining software is used to discover patterns and relationships in data. Examples of data mining tools are: SPSS, SPSS Clementine, SAS Enterprise Miner, Angoss KnowledgeStudio, etc. Functionalities of data mining software are also mentioned under the domain FD04 – Detection of new targets.

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