Common use of Knowledge Discovery Clause in Contracts

Knowledge Discovery. Identifying and extracting information from multiple data source containing files stored in various formats (e.g., data mining, modeling, simulation). Business Intelligence: Collecting information relevant to historical, existing, or future business needs (e.g., demand forecasting/management, balanced scorecard, decision support planning). Reporting: Generating reports derived from single or multiple data sources (e.g., ad hoc reporting, standardized/canned reporting, OLAP).