Data Mining: What is Data Mining? Overview Generally‚ data mining (sometimes called data or knowledge discovery) is the process of analyzing data from different perspectives and summarizing it into useful information - information that can be used to increase revenue‚ cuts costs‚ or both. Data mining software is one of a number of analytical tools for analyzing data. It allows users to analyze data from many different dimensions or angles‚ categorize it‚ and summarize the relationships identified
Premium Data mining Data management
Data Mining Abdullah Alshawdhabi Coleman University Simply stated data mining refers to extracting or mining knowledge from large amounts of it. The term is actually a misnomer. Remember that the mining of gold from rocks or sand is referred to as gold mining rather than rock or sand mining. Thus‚ data mining should have been more appropriately named “knowledge mining from data‚” which is unfortunately somewhat long. Knowledge mining‚ a shorter term‚ may not
Premium Data mining
Chapter 1 Exercises 1. What is data mining? In your answer‚ address the following: Data mining refers to the process or method that extracts or \mines" interesting knowledge or patterns from large amounts of data. (a) Is it another hype? Data mining is not another hype. Instead‚ the need for data mining has arisen due to the wide availability of huge amounts of data and the imminent need for turning such data into useful information and knowledge. Thus‚ data mining can be viewed as the result of
Premium Data mining
Components of DSS (Decision Support System) Data Store – The DSS Database Data Extraction and Filtering End-User Query Tool End User Presentation Tools Operational Stored in Normalized Relational Database Support transactions that represent daily operations (Not Query Friendly) Differences with DSS 3 Main Differences Time Span Granularity Dimensionality Operational DSS Time span Real time Historic Current transaction Short time frame Long time frame Specific Data facts Patterns Granularity Specific
Premium Data warehouse
Data Mining On Medical Domain Smita Malik‚ Karishma Naik‚ Archa Ghodge‚ Shivani Gaunker Shree Rayeshwar Institute of Engineering & Information Technology Shiroda‚ Goa‚ India. Smilemalik777@gmail.com; naikkarishma39@gmail.com; archaghodge@gmail.com; shivanigaunker@gmail.com Abstract-The successful application of data mining in highly visible fields like retail‚ marketing & e-business have led to the popularity of its use in knowledge discovery in databases (KDD) in other industries
Premium Data mining Data Data management
Data Mining Weekly Assignment 6: LIFT; CRM; AFFINITY POSITIONING; CROSS-SELLING AND ITS ETHICAL CONCERNS. What is meant by the term “lift”? The term “lift” describes the improved performance of an exact or specific amount of effort on a modeled sampling‚ as opposed to a random sampling (Spang‚ 2010). In other words‚ if you are able to market via a model to say‚ a given number of random customers (e.g. 1000)‚ and we expect that 50 of them would be successful‚ then a model that can generate 75
Premium Customer relationship management
Introduction to Data Mining Assignment 1 Ex1.1 what is data mining? (a) Is it another hype? Data mining is Knowledge extraction from data this need for data mining has arisen due to the wide availability of huge amounts of data and the imminent need for turning such data into useful information and knowledge. So‚ data mining definitely is not another hype it can be viewed as the result of the natural evolution of information technology. (b) Is it a simple transformation of technology developed
Premium Data Data management Data analysis
Data Mining DeMarcus Montgomery Dr. Janet Durgin CIS 500 June 9‚ 2013 Determine the benefits of data mining to the businesses when employing 1. Predictive analytics to understand the behavior of customers Predictive analytics is business intelligence technology that produces a predictive score for each customer or other organizational element. Assigning these predictive scores is the job of a predictive model‚ which has‚ in turn been trained over your data‚ learning from the experience
Premium Data mining Predictive analytics
Data mining Data mining is simply filtering through large amounts of raw data for useful information that gives businesses a competitive edge. This information is made up of meaningful patterns and trends that are already in the data but were previously unseen. The most popular tool used when mining is artificial intelligence (AI). AI technologies try to work the way the human brain works‚ by making intelligent guesses‚ learning by example‚ and using deductive reasoning. Some of the more popular
Premium Logic Artificial intelligence Scientific method
Data Mining Project – Dogs Race Prediction Motivation Gambling is very popular in the Republic of Ireland‚ weather is online or not‚ more people are joining gambling communities formed all over the Island of Ireland. The majority of these communities are involved in horse races related gambling and other sports‚ but there is a significant amount of people dedicated to dogs races. This is a multimillion Euro industry developed on-line and live or face to face. Objective There are many websites
Premium Race Data analysis Data mining