approaches are most effective in helping us extract the insights into customer behaviour, habits, potential needs and desires, credit associated risks, fraudulent transactions etc.
of Minnesota) present 26 articles on emerging trends in data mining
technology and found its inception in the National Science Foundation's Next Generation of Data Mining
Symposium (Baltimore, 2007).
The image suggested by the term "data mining
" is an attractive one, but, unfortunately, it may not be very informative to those records and information management (RIM) professionals who need to know what data mining
means for them.
What's more, today, several agencies are pursuing data mining
projects independent of TIA, including the Department of Homeland Security, the Justice Department, the CIA, the Transportation Security Administration, mid NASA.
Despite claims by some vendors, data mining
is not a single tool that can be bought off the shelf and put immediately to work.
serves as an automated tool that uses multiple advanced computational techniques, including artificial intelligence (the use of computers to perform logical functions), to fully explore and characterize large data sets involving one or more data sources, identifying significant, recognizable patterns, trends, and relationships not easily detected through traditional analytical techniques alone.
The easy-to-integrate NAG Data Mining
Components are statistical and artificial intelligence software components specifically developed for the rigors of mining massive datasets.
The study linked data warehousing and data mining
to success in nearly every aspect of a company's performance.
When Berry and Linoff wrote the first edition of Data Mining
Techniques in the late 1990s, data mining
was just starting to move out of the lab and into the office and has since grown to become an indispensable tool of modern business.
The report states that data mining
is "ubiquitous" in the U.
5, the latest version of the leading data mining
software from SPSS Inc.
Implementing a Data Mining
Process Using Office 2007.