Free

Searching for Gold-Data Mining - Essay Example

Add to wishlist

Summary

From the paper "Searching for Gold-Data Mining" it is clear that the understanding of the operations is often complex and firms need to have a common data warehouse to store data. Companies such as Facebook, Yahoo, and Google among others adopt the use of data mining to know the number of users…

Download full paper File format: .doc, available for editing

GRAB THE BEST PAPER98.5% of users find it useful

Read Text Preview

Subject: Marketing
Type: Essay
Level: Masters
Pages: 1 (250 words)
Downloads: 2
Author: wilber34

Extract of sample "Searching for Gold-Data Mining"

Most clients who are interested in different adverts online will depend on the information that is provided by these companies to float their adverts. The information provided gives them an opportunity to understand the regions and durations when the adverts should be floated.

There are a.lso cellular providers that have now gotten into data mining. The signals amongst the best stations and the cellular users can be used to market products that are directed to specific phone users. The calling records are projected to be one of the assets to various marketers. However, it will depend on the possibility of the customers browsing the web and accessing some sites to purchase products online.

Analysis of the market is necessary given that the company finds an opportunity to understand what the customers are likely to consume and at what quantities and durations. There are four main users of data mining to marketers currently, which include; acquisition of the customers, analysis of the basket market, analyzing customer abandonment and finally enhancing customer retention and loyalty.

CHECK THESE SAMPLES OF Searching for Gold-Data Mining

Data Warehousing and Data Mining

This research ''Data Warehousing and Data mining'' tells that data warehouses are primarily decision support systems and this functionality is achieved through data mining.... Data mining or knowledge discovery is the most important task in data warehousing as far the usability of the system is concerned.... A data warehouse employs several tools like data modeling, star schema, data mining etc....

8 Pages (2000 words) Research Paper

Important Data Mining Techniquesning

Data Warehousing and mining By Date Table of Contents INTRODUCTION Data mining refers to the method of examining data from diverse viewpoints and transforming it into valuable information (information that can be used to raise income, reduce expenditures, or both).... Additionally, data mining is also known as data or knowledge discovery.... In addition, data mining uses a comparatively high computing power working on a massive collection of data to find out relationships and regularities between data points....

19 Pages (4750 words) Essay

The Advantage of Data Mining

Data mining Data mining Predictive analytics involves predicting what each customer is likely to do ahead by utilizing the information collected about them.... Admittedly, data mining becomes useful in a variety of ways when predictive analytics is applied.... Web mining has its own unique advantages either in the form of selling more products or in the form of reduced costs.... It is possible for a company to utilize usage mining or web log data in order to identify a potential customer and reach out to that customer with a tempting offer....

5 Pages (1250 words) Research Paper

Data Mining

Gender, number of previous data science courses by a student, students' self assessed data mining efficiency, future career goals, geo-location, and preference for a one by.... All data for one Data mining June 18, Data mining The survey aimed at developing information on backgrounds for informing teaching practices.... Gender, number of previous data science courses by a student, students' self assessed data mining efficiency, future career goals, geo-location, and preference for a one by one virtual meeting were the study's variables....

3 Pages (750 words) Lab Report

Data Mining Issues

This report "Data mining Issues" presents data integrity that plays a crucial role in data mining for providing authentic data that can be trusted.... For addressing individual privacy, data mining technology is not up to the mark.... Likewise, it links data mining to be considered as a social facet.... A relational database can be utilized for data mining techniques for addressing specific queries.... As the technology associated with client/server architecture is progressing at a rapid pace and storage is managed at a single location that can be a preferred location for data mining....

6 Pages (1500 words) Report

Data Mining Process

"Data mining Process" paper states that challenging task to develop effective techniques for preventing the disclosure of sensitive information in data mining, especially now that the use of data mining system is increasing in domains ranging from business analysis to medicine and government.... With the rapidly growing computerizing age in societies, the expected social impact of data mining should never be underestimated.... A company can implement its information mining tools on available hardware and software platforms to augment the significance of on-hand information assets and can get integrated with newer items and systems in the process of bringing them online....

6 Pages (1500 words) Coursework

Data Mining for Internet Search Engine

Data mining is notably the simplest and most powerful tool entailing new technology that presents the potential for companies and individuals to focus on the most significant information in the data they have about their customers and potential customer behaviors.... Data mining.... The paper "Data mining for Internet Search Engine" is an outstanding example of an information technology essay.... Data mining is notably the simplest and most powerful tool entailing new technology that presents the potential for companies and individuals to focus on the most significant information in the data they have about their customers and potential customer behaviors....

6 Pages (1500 words) Essay

Multi Agent Driven Data Mining for Knowledge Discovery in Cloud Computing

The author of the paper "Multi-Agent Driven Data mining for Knowledge Discovery in Cloud Computing" will begin with the statement that cloud computing and data mining have become famous phenomena in the current application of information technology.... With the changing trends and emergence of the new concept in the information technology sector, data mining and knowledge discovery have proved to be of significant importance.... Data mining is the process of extracting data or information from a database that is not explicitly defined by the database and can be used to come up with generalized conclusions based on the trends obtained from the data....

7 Pages (1750 words) Research Proposal