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Data Mining
Title: Data Mining
Category: Science & Technology
Details: Words: 726 | Pages: 3.1 (approximately 235 words/page)
Data Mining
Introduction to Data Mining
In today's information age, many businesses rely on customer information for survival. Data mining is a relatively new and very important tool in aquiring knowledge on thier customers, spending habbits, geograpphical trends, and more. "Data mining is an information extraction activity which has as its goal the discovery of hidden facts contained within databases." What this means is its automated procedures used to find unknown patterns in order to make likely …showed first 75 words of 726 total…
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…showed last 75 words of 726 total…WINROSA
WinViz
WizWhy
XmdvTool
XpertRule
Where and What Is Data Mining Most Commonly Used
The 3 industies in which data mining is most commonly used is the financial industry, the banking industry, and the telecommunications industry.
In specific, data mining is used for:
claims processing
credit risk analysis
customer profiling and retention
e-commerce
fraud detection
new product developement
process control
medical and pharmacutical research
target marketing
student recruiting
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Works Cited
First Quote..
http://www.data-mine.com/
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