Data Mining In A Nut Shell

data Mining in a Nut exfoliation In today?s business world, information roughly 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. data Mining is a set of automated procedures used to reimburse 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 condition the process of making new c ustomers and retaining customers; (2) to reduce fraud; (3) to let internal wastefulness and deal with that wastefulness in operations, and (4) to interpret unexplored areas of the internet (Cavoukian). The fulfillment of these tasks can be berate 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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