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What is data mining?

Data mining (sometimes called data or knowledge discovery) is the process of analyzing data from different perspectives and summarizing it into useful information - information that can be used to increase revenue, cuts costs, or both. Data mining software is one of a number of analytical tools for analyzing data. It allows users to analyze data from many different dimensions or angles, categorize it, and summarize the relationships identified. Technically, data mining is the process of finding correlations or patterns among dozens of fields in large relational databases

Data Mining is a field of study within Computer Science. It is part of the process of Knowledge Discovery from Databases (KDD). The aim of data mining is to find novel, interesting and useful patterns from data using algorithms (methods of finding such information) that will do it in a way that is more computationally efficient than previous methods.

Knowledge Discovery and Data Mining has increased in popularity because of the large amount of stored data that came about as computer storage became cheaper. From this, there was a need to understand it, and techniques to convert data into information are being continually developed and improved.

Data mining techniques usually fall into two categories, predictive or descriptive. Predictive data mining uses historical data to infer something about future events. Descriptive data mining aims to find patterns in the data that provide some information about what the data contains.

How can data mining affect you?

Data mining can be used for several purposes by different people and organisations. The most notable users of data mining come from commercial, scientific or government backgrounds.

Commercial entities may use the information gathered through data mining techniques to help discover something about their consumers, to help market their products better. Data mining is also used by search engines, such as Google to mine web pages for information relating to your specific search query.

Scientific communities may benefit from data mining by using it to find anomalies, clusters or co-locations to name a few. For example, they could discover a relationship between people getting cancer and the location of a chemical plant.

The government could use data mining techniques to uncover patterns in their data. For example, data mining is used to find unusual patterns in the stock marketin order to detect insider trading. Data mining is also used to detect scams sent by email. It could also be used to find unusual behaviour to prevent a terrorist attack.

There are many more applications of data mining, which are continually being expanded. The main requirement for performing data mining is suitable data.

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โˆ™ 2013-03-13 21:16:52
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Q: What is data mining?
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Distinguish between Data mining and text mining?

mining the data is called data mining. Mining the text is called text mining

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Different types of data mining?

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What services do the data mining company provide?

Data Mining companies provide such services as mining for data and mining for data two electric bugaloo. They will often offer to resort to underhanded tactics to mine said data.

What are the key relationships between data warehouse and data mining?

Data warehouse is the database on which we apply data mining.

What is the difference between OLAP and data mining?

difference between Data Mining and OLAP

Where can one learn online what is data mining?

One can learn about data mining by visiting the data mining wikipedia page, which has a very comprehensive article about the topic, starting with the etymology and mostly talking about the various uses of data mining.

How do you put data mining in a sentence?

Data mining can uncover interesting patterns. Some cookies will upload solely for the purpose of data mining.

What does data mining mean?

The term data mining is generally known as the process of analyzing data from many different perspectives in order to correctly organize the data. Sometimes data mining is also called knowledge dicovery.

What is data mining in data processing?

Simply, Data mining is the process of analyzing data from several sources and converting it into useful data.

What is the purpose of data mining services?

Data mining is the application of computational techniques to obtain useful information from a large data. When applied to different situations data mining can reveal information and valuable insights about patterns. Examples of data mining applications are Fraud detection, customer behaviour, customer retention.

What would data mining software be used for?

Data mining software is a practical way to look for patterns and correlations. Basically, data mining take out information from data and transform it in a way to be understood for future use.

What happens in data mining?

its when the data is being monitored

What three benefit using electronic data storage in data mining?

Name three benefits to electronic data storage by incorporating a data mining service

Example of mining that refers to business?

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What is the difference between data mining and OLAP?

difference between Data Mining and OLAP

Data mining is it another hype?

What is data mining?is data mining another hype?Is it a simple transformation of technology developed from databases, statistics, and machine learning?how the evolution of database technology led to data mining.the steps involved in data mining when viewed as a process ofknowledge discovery.

Is data mining another hype?

What is data mining?is data mining another hype?Is it a simple transformation of technology developed from databases, statistics, and machine learning?how the evolution of database technology led to data mining.the steps involved in data mining when viewed as a process ofknowledge discovery.

How does a business use data mining?

A business uses data mining in several different ways. One way a company uses data mining is to get better insight into customers so that they can improve their marketing approach.

Where can one find more about data mining jobs?

There is an article on the The Atlantic's website where one can find out all about data mining jobs. The article explains, in great detail, how data mining works and why it is crucial for businesses.

In what way SAS related to DATA mining in Bioinformatics?

SAS is statistical software that can be used as a tool for data mining.

How does data mining work?

Data mining is effectively storing and analysing old pieces of data and predicting what's going to happened in future based on trends and patterns in that data.

What are the advantages for data mining services?

Some of the advantages in data mining services include Market Data Research. this provides the companies with large amounts of data for research and development.

What is directed data mining and undirected data mining?

In directed data mining, you are trying to predict a particular data point - the sales price of a house given information about other houses for sale in the neighborhood, for example.In undirected data mining, you are trying to create groups of data, or find patterns in existing data - creating the "Soccer Mom" demographic group, for example. In effect, every U.S. census is data mining, as the government looks to gather data about everyone in the country and turn it into useful information.