We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Data Mining - Research Paper Example

Comments (0) Cite this document
Summary
Data Mining Name: Institution: Introduction Data mining, also known as knowledge discovery, is the process of extracting and analyzing data from different sources and summarizing it into helpful information. This information can be useful in increasing revenue, cutting cost of production, or both…
Download full paperFile format: .doc, available for editing
Polish This Essay98.5% of users find it useful
Data Mining
Read TextPreview

Extract of sample
"Data Mining"

Download file to see previous pages Data mining tools are vital because they have significantly reduced the time taken in answering business questions, which were traditionally too much time consuming to analyze. Currently, most organizations have adopted and implemented the existing data mining software and hardware platforms to improve the value of their stored data. These hardware platforms can be integrated with new products and system as technology advances. Integrating data mining hardware platforms with other parallel processing computers or high performance client/server improves the analysis of massive databases (Hoptroff & Hoptroff, 2001). Foundation of Data Mining Data mining techniques emerged as a result of product development and a long process of research. This idea was first developed when businesses began storing business information on computers. Significant improvements have been witnessed in data access and generated technologies, which allow users to search their data, in real time (Williams & Simoff, 2006). Data mining software is currently available for use, in the business world, because of the three technologies that support it, and they include data mining algorithms, massive data collection, and powerful multiprocessor computers (Williams & Simoff, 2006). The amount of raw data stored in business databases is currently exploding. A database is measured in gigabytes and terabytes. In the current, competitive business environment, raw data alone does not provide enough information for studying and predicting the market environment. This has called for the need to convert these terabytes of raw data into other significant insights that easily provide a guide for their investment, marketing and management strategies (Prabhu, 2004). Data Warehouses Significant improvements in data transmission, data capture, storage capabilities, and processing power are enabling companies to consolidate their various databases into data warehouse (Prabhu, 2004). Data warehousing is the process of centralizing data retrieval and data management. Data warehouses store large amounts of data based on certain categories that make data more easily to sort, retrieve, and interpret. They also enable managers and executives to manage a series of business transactions, and other information that help in making informed business decisions. Researchers have predicted that all companies shall have adopted and integrated data mining tools, in their business, by the year 2020 (Prabhu, 2004). Companies benefit from data mining when meaningful patterns and trends are extracted from the stored data. How Data Mining Works Data mining tools employ modeling as a technique for performing data analysis. Modeling involves the creation of a model in one situation that is known, and applying the results in another situation where the results are unknown (Kargupta, 2007). Computers are equipped with lots of information about a number of situations, whose answers are known. The data mining software, on the computer, runs through the data, and filters the aspects of data that match the designated model. Once the model is developed it can be applied in similar situations, whose answers are unknown. This technique has been in use over the past centuries, but it recently became applicable, in the business field, when communication and data storage capabilities required the collection and storage of huge amounts of data, and the ability to automate ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Data Mining Research Paper Example | Topics and Well Written Essays - 1250 words”, n.d.)
Retrieved from https://studentshare.org/business/1461230-data-mining
(Data Mining Research Paper Example | Topics and Well Written Essays - 1250 Words)
https://studentshare.org/business/1461230-data-mining.
“Data Mining Research Paper Example | Topics and Well Written Essays - 1250 Words”, n.d. https://studentshare.org/business/1461230-data-mining.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Data Warehousing and data mining
The increased use of information technology in every spheres of life is generating huge amount of data every day. However, there is an increase realization among information scientists that knowledge and power that should have been extracted from these huge information resources is far lesser than its capacity and most of the data collected globally each day by billions of information systems is never used for the purposes it was collected.
10 Pages(2500 words)Research Paper
Data mining
It is vast finding its use in marketing, managing inventory, management of quality, and managing of risks associated with loaned money. Data mining application have also been seen in use in biological use as seen in DNA testing and gene analysis in living organisms.
17 Pages(4250 words)Research Paper
Data Mining for E-Commerce
This essay discusses that data mining is a detailed process which allows the extraction of hidden, formerly unidentified, and actually functional knowledge and information from a huge collection of data. The use of data mining tools and techniques provides a large number of benefits and opportunities for business organizations.
16 Pages(3750 words)Research Paper
Research Paper on Data Mining
Even though this is an unethical act, these companies are employing mechanisms which have increased their business realms by manifolds. What they seem to do in essence is to find out the user preferences with regards to a certain brand, product or service that they buy, use or sell.
6 Pages(1500 words)Research Paper
Fuzzy Logic with Data Mining with respect to Prediction and Clustering
Fuzzy logic is an approach of data mining which involves computing the data based on the probable predictions and clustering as opposed to “true or false”. One of the potential applications of Fuzzy logic algorithms is the clustering of breast cancer data to enable oncologists detect and evaluate breast cancer risks such as malignant tumors.
8 Pages(2000 words)Research Paper
DATA MINING
The first advantage is effective product recommendation. It is possible to identify what are the preferences of each customer from the available statistics. Using this, it is possible to contact each customer when there is something that will interest them.
5 Pages(1250 words)Research Paper
Data Warehousing & Data Mining
The process is similar to the extraction of valuable metal hence the term “mining” (Jackson, 2003). Data mining is the process of analyzing extensive data with the aim of establishing correlation between different variables. Consequently, data warehousing is the process of storing data in relational databases that facilitate such queries and analysis.
3 Pages(750 words)Assignment
Data Management: Data Warehousing and Data Mining HW
Data records may be changing and some of the data may become unnecessary. The concepts of data warehousing and data mining revolves around the concept of sorting out data and using them
3 Pages(750 words)Research Paper
INFORMATION RETRIEVAL THROUGH MULTI AGENT SYSTEM WITH DATA MINING
MAS are also referred as autonomous agents having the capability to resolve problems that are not possible for a single agent to handle. The aim of this research paper is to develop
6 Pages(1500 words)Research Paper
High Level ETL and Data Mining Requirements
After buying the hardware and software tools, one may not have enough money left for an ETL purchase. When considering on buying versus build, there are a few key items that can guide one in making the decision. The prices of ETL
2 Pages(500 words)Research Paper
Let us find you another Research Paper on topic Data Mining for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us