| Data mining is also known as Knowledge
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| | database and guides marketing
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| Discovery in Databases (KDD). Data mining
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| | professionals to a better understanding
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| is the process of automatically searching
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| | of the customer psychology.
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| large volumes of data for patterns. Data
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| | Data mining software enables users to
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| is derived from the word datum, being its
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| | analyze large databases to provide
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| plural term. Data comprises of a class of
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| | solutions to business decision problems.
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| large number of significant statements
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| | Data mining is a technology and not a
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| that are measurements or observations of
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| | business solution like statistics. The
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| a variable. Data mining works on the
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| | data mining software uses the information
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| basis of computational techniques from
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| | that is stored in a historical database
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| statistics machine learning and pattern
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| | of earlier interactions with the
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| recognition.
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| | customers and about other aspects such as
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| Data mining is the crucial process that
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| | age, zip code, their feedback etc. Thus
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| helps companies better comprehend their
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| | the data mining software provides an idea
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| customers. Data mining can be defined as
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| | about the customers that would be
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| 'the nontrivial extraction of implicit,
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| | intrigued by the new product. This
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| previously unknown, and potentially
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| | enables the marketing manager to choose
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| useful information from data' and also as
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| | appropriate customers to target.
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| 'the science of extracting useful
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| | Data mining is also linked with privacy
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| information from large sets or
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| | concerns particularly regarding the
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| databases'. Data mining is interpreted
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| | source of the data analyzed. For instance
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| differently in different contexts but
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| | an employer can screen out people with
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| most often it is used in the context of a
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| | diabetes or heart attack and create
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| business or other organization's need to
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| | ethical and legal issues and elimination
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| acknowledge trends.
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| | of costs of insurance. Besides this data
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| Just like mining for gold, data mining
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| | mining is also used in the field of
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| navigates through large databases and
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| | medicine to find combinations of drugs
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| extracts a wealth of customer data, which
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| | with harmful results.
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| is then translated into useful and
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| | Data mining should be interpreted to give
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| predictive information. A paradigm
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| | beneficial results. When the data
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| instance of data mining is its use in a
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| | collected involves individual people, the
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| retail sales department where a store
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| | issues concerning privacy, legality and
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| tracks the purchases of a customer who
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| | ethics crop up.
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| buys ample of cotton trousers. The data
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| | Data mining can bring pinpoint accuracy
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| mining system will make an association
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| | to dales. Creating big central stores of
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| with customer and cotton trousers and
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| | customer data to be used all through the
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| might either directly market or sale the
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| | entire enterprise are becoming quite
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| cotton trouser to that customer or try to
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| | usual but the data warehouses are of no
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| get the customer to buy a vast range of
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| | use if there are no proper applications
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| products. Data mining also enables
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| | for accessing and using the data in the
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| automatic detection of the patterns in a
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| | companies.
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