Data Mining In A Nut Shell

data Mining in a Nut ordered series In today?s business world, information near the customer is a necessity for a businesses trying to exploit its profits. A new, and important, tool in gaining this knowledge is information Mining. info Mining is a set of automated procedures used to subtract previously unknown patterns and relationships in data. These patterns and relationships, once extracted, can be used to make valid predictions about the behavior of the customer. data Mining is generally used for four main tasks: (1) to turn the process of making new customers and retaining customers; (2) to reduce fraud; (3) to receive internal wastefulness and deal with that wastefulness in operations, and (4) to chart unexplored areas of the internet (Cavoukian). The fulfillment of these tasks can be nip and tuck if appropriate data has been collected and if that data is stored in a data warehouse. According to Stanford Universit y, A Data Warehouse is a repository of integrated informatio...If you want to get a candid essay, order it on our website: OrderEssay.net

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