StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Data Mining as a Part of a Larger Process of Knowledge Discovery - Article Example

Cite this document
Summary
The writer of this paper states that there are three steps in Data Mining. The first is Discovery, or the practice of examining data without a pre-determined hypothesis, in order to discover patterns in it. The discovery stage may occur by classification of data on the basis of clusters…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER94.4% of users find it useful
Data Mining as a Part of a Larger Process of Knowledge Discovery
Read Text Preview

Extract of sample "Data Mining as a Part of a Larger Process of Knowledge Discovery"

Data Mining is a part of a larger process of knowledge discovery and it is the process by which data is automatically extracted in order to provide useful information that is predictive in nature and which may not have been known previously. 2. 3. When the volume of data is too high, mining becomes sluggish, hence the way to avoid this is by using sampling. Another is the generation of irrelevant data, so that the amount of relevant data mined may be less. Thirdly, if data mining is disorganized, it takes place in an ad hoc manner and will not generate useful results.

Avoiding this requires a clear definition of goals. When there is an incompatibility in data mining tools, this causes interference in exploratory capability and high overhead costs.4. The data-mining program was used to identify hidden trends in the data. The airline company can use the data to identify the specific characteristics of those customers who are frequent users of the airline. The mined data can also be used to find a relationship among different sectors based on customer behavior.5. Two specific industries where data mining is likely to be very useful are the banking and the retail industry.

With the increase in electronic banking, transactional data can be easily captured and data mining helps analyze it. Data mining in the banking industry can help banks to analyze trends and patterns and to predict how customers may react to change in interest rates. In the retail industry, data is collected when orders are placed and data mining of such information can unearth demographic trends in the data and can help direct marketing efforts.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(Data Mining as a Part of a Larger Process of Knowledge Discovery Article, n.d.)
Data Mining as a Part of a Larger Process of Knowledge Discovery Article. Retrieved from https://studentshare.org/information-technology/1549385-data-mining
(Data Mining As a Part of a Larger Process of Knowledge Discovery Article)
Data Mining As a Part of a Larger Process of Knowledge Discovery Article. https://studentshare.org/information-technology/1549385-data-mining.
“Data Mining As a Part of a Larger Process of Knowledge Discovery Article”, n.d. https://studentshare.org/information-technology/1549385-data-mining.
  • Cited: 0 times

CHECK THESE SAMPLES OF Data Mining as a Part of a Larger Process of Knowledge Discovery

Data Mining Techniques for Identifying Information Sources

In the process of data mining, the data associated with people have risky ethical significances.... This report "data mining Techniques for Identifying Information Sources" presents database efficiency.... data mining experts need to deploy norms for making the data application resilient (Keating, 2008).... In order to maintain 3 large databases for a VLDB and to keep them efficient for two years if required, there is a requirement for constructing a 'store and forward' mechanism that will process the data or information from and through each distribution center database....
5 Pages (1250 words) Report

Use of Boolean Tools in Searching a Database

Databases: Creating Information from data 1.... Describe a Database A database is fundamentally described as the collection of valuable information that is organized in such a way so that a particular computer based program can quickly select desired portions of data.... Various examples of database might include a telephone book, address book and Census Bureau data among others.... In this similar concern, the advantages of a database include the availability of effectively shared data, greater centralized control, enhanced data integrity, flexible conceptual design along with improved database systems as well as data security....
12 Pages (3000 words) Research Paper

Data Mining, Its Purpose and Its Working Methodology

From the paper "Data Mining, Its Purpose and Its Working Methodology" it is clear that data mining is a knowledge discovery process that is also known as knowledge discovery in Databases.... Major techniques that are involved in the process of data miming are regression, classification and clustering.... The primary function of data mining or KKD is to analyze and search a large number of data patterns in a database.... hellip; The first phase of the brief starts with the comprehensive introduction of data mining, its purpose and its working methodology....
12 Pages (3000 words) Coursework

Data Mining Assignment

This paper ''data mining Assignment'' tells that Credit fraud involves all crimes committed using a credit card during payments or transactions.... With the application of data mining, one is capable of determining the hot spots which are the target for these crimes.... C  a ses of fraud experienced in data mining are collected (Tan, 2013, p.... Metrics for calculating the fraud data are designed and an automated mode of their calculation is developed....
9 Pages (2250 words) Essay

Data Mining and Data Fusion for Direct Marketing

nbsp; There are also many other terms which carry a similar or slightly different meaning, such as knowledge discovery.... This paper "data mining and Data Fusion for Direct Marketing" discusses the importance of integrating good data mining and data fusion techniques with direct marketing is critical to the effectiveness of promotion and overall success of campaign/research.... hellip;  data mining and data fusions are the exploration and analysis, by automatic or semiautomatic means of large quantities of data in order to discover meaningful and potentially useful information, such as patterns, knowledge rules, regularities, etc....
7 Pages (1750 words) Term Paper

Data Mining Questions

Like information retrieval, data mining also involves gathering information.... With data mining query, it is inquiries on trends on the information gathered from large databases or large amount of data.... data mining query uses software or web analysis services in sorting through large data and picking pieces of relative information to show patterns or relationships that are embedded, waiting to be discovered and possibly constructive.... For data mining query, its measure of performance can be measured in the exactness of the outcome of the data mining to the intended inquiry and if there other possible usable discoveries produced in that query....
4 Pages (1000 words) Essay

What is Data Mining and how it brings benefits to the Business

hellip; Data mining is a knowledge discovery process that is also known as knowledge discovery in Databases (KDD).... The purpose of the present paper is to provide an overview of the data mining techniques, its objectives, tools, and applications.... nbsp; Moreover, the paper "What is data mining and how it brings benefits to the Business?... will illustrate the benefits brought by applying data mining into the business....
8 Pages (2000 words) Term Paper

Survey in Multimedia Data Mining by Content in Social Media

… The paper “Survey in Multimedia data mining by Content in Social Media” is an inspiring example of a literature review on information technology.... Recently, researchers started to examine a range of data mining techniques to assist experts to enhance social media.... The paper “Survey in Multimedia data mining by Content in Social Media” is an inspiring example of a literature review on information technology....
9 Pages (2250 words) Literature review
sponsored ads
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.
Contact Us