Data Mining In A Nut Shell

data Mining in a Nut exfoliation In today?s business world, information or so the customer is a necessity for a businesses trying to maximise its profits. A new, and important, tool in gaining this knowledge is information Mining. info Mining is a set of automated procedures used to infer 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.

information Mining is generally used for four main tasks: (1) to characterise the process of making new customers and retain ing customers; (2) to reduce fraud; (3) to pay off internal wastefulness and deal with that wastefulness in operations, and (4) to graph unexplored areas of the internet (Cavoukian). The fulfillment of these tasks can be gear up if appropriate data has been collected and if that data is stored in a data warehouse. According to Stanford University, A Data Warehouse is a repository of integrated informatio...If you want to get a just essay, order it on our website: BestEssayCheap.com

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