Statistical Analysis and Goal Seeking -- IE, how many people read my answer I posted to this question today? Or next week? Or... Well, the point is to find out something about the 'commerce' itself, this will hlp you create better commerce in the future.
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.
In ecommerce success, the role of vendors is to supply the buyer with what they need. The buyer will buy from the vendor and then sell to another buyer in order to make a profit. The vendor must keep up with supply and demand in their role to be successful.
Data mining can help you better understand what your customers buy better helping you understand their needs and wants.
A business utilizes data mining to extract valuable patterns and insights from large datasets, enabling informed decision-making. It helps identify trends, customer behaviors, and hidden correlations to enhance strategic planning and optimize operational processes.
Data Mining
Here are some interesting seminar topics related to data mining: Introduction to Data Mining Techniques – Overview of fundamental techniques like classification, clustering, regression, and association rule mining. Applications of Data Mining in Healthcare – How data mining is transforming patient care, disease prediction, and medical research. Big Data and Data Mining – Integrating data mining with big data tools to extract valuable insights. Data Mining in E-commerce – Techniques for customer behavior analysis and recommendation systems. Machine Learning in Data Mining – Exploring the role of machine learning algorithms in enhancing data mining processes. Data Mining for Fraud Detection – Using data mining to identify fraudulent activities in banking and finance.
CHARECTERISTICS OF DATA MINING CHARECTERISTICS OF DATA MINING
mining the data is called data mining. Mining the text is called text mining
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.
Data warehouse is the database on which we apply data mining.
Data mining can uncover interesting patterns. Some cookies will upload solely for the purpose of data mining.
Simply, Data mining is the process of analyzing data from several sources and converting it into useful data.
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.
Data mining
difference between Data Mining and OLAP
Directed data mining involves using predefined goals or objectives to guide the analysis and modeling of data. In contrast, undirected data mining aims to discover patterns or relationships in data without specifying a particular outcome in advance. Directed data mining is typically used for tasks such as classification and regression, while undirected data mining techniques include clustering and anomaly detection.
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.