Introduction to Data Mining In today's information age, many businesses rely on customer information for survival. Data mining is a relatively new and very important tool in aquiring knowledge on thier customers, spending habbits, geograpphical trends, and more. "Data mining is an information extraction activity which has as its goal the discovery of hidden facts contained within databases." What this means is its automated procedures used to find unknown patterns in order to make likely …
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showed last 75 words of 714 total
…WinViz WizWhy XmdvTool XpertRule Where and What Is Data Mining Most Commonly Used The 3 industies in which data mining is most commonly used is the financial industry, the banking industry, and the telecommunications industry. In specific, data mining is used for: claims processing credit risk analysis customer profiling and retention e-commerce fraud detection new product developement process control medical and pharmacutical research target marketing student recruiting ----------------------------------------------------------------------------------------------- Works Cited First Quote.. http://www.data-mine.com/