Data Mining In A Nut Shell

data Mining in a Nut scale of measurement In today?s business world, information somewhat the customer is a necessity for a businesses trying to maximize its profits. A new, and important, tool in gaining this knowledge is information Mining. selective information Mining is a set of automated procedures used to recoup 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.

info Mining is generally used for four main tasks: (1) to substitute the process of making new customers and retaining customers; (2) to reduce fra ud; (3) to celebrate internal wastefulness and deal with that wastefulness in operations, and (4) to graphical record unexplored areas of the internet (Cavoukian). The fulfillment of these tasks can be name 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 dependable essay, order it on our website: OrderEssay.net

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