Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Data mining: foundation and applications

By Andy Robert Subscribe to RSS | June 12th 2012 | Views:
loading
 
  



This process helps large organizations to focus on the critical information in their warehouses while. It also helps in predicting the behavioral patterns that assist business firms in making knowledge-driven decisions. This technique can be easily implemented on the existing resources to enhance their value and analyze massive databases to answer future related queries.

Foundation:

This technique came into being as the result of various attempts aimed at simplifying the management of business data stored on computers and comprehensive databases. Enabling organizations to sort big data as per various aspects, data mining improved the way information was handled by organizations and allowed the users to manage and process data with exemplary seamlessness.

Widely used in business communities, data mining is supported by:

* Massive data collection

* Data mining algorithms

* Powerful multiprocessor computers

If industry observers are to be believed, this technique was developed about a decade ago; however, wasn’t being implemented as a mature and reliable tool since it was still in what can be considered as the “preliminary stages”, and hence, could not be considered a reliable alternative solution holding the capacity to outperform older statistical methods being used for data management.

However, after extensive research and development, it was the finally established that this technique, when coupled with high performance datable engines, can make a notable enhancement to the efficacies of big data warehouses.

Applications:

Many companies are leveraging on this technique as it helps them in managing large databases and build a better customer relationship while enhancing their internal processes. Some of the successful applications of data management include:

* A credit card company can adopt this technique to track the transactions of its customers and identify the customers likely to be interested in new credit product. Using a small test mail, the company can discover customers with a notable affinity for the product.

* A large manufacturer of consumer goods can use this technique to enhance its overall revenue. Collecting data from competitor activity and consumer panels can help them in deciding the reason for switching over to another brand or store. This can further help them in planning promotional strategies that assist them in reaching their target audience.

In addition to the aforementioned, data mining is used in various other industries with telecommunication, software development, health care and bio informatics to name a few.

Andy Robert - About Author:
If your want to know more about Data mining and data management, then please visit us online.

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/technology-articles/data-mining-foundation-and-applications.htm

Related Technology Articles Subscribe to RSS

What Automated Trading Means to the Novice Trader?
Published by Gecko Software on December 20th 2011 | Technology
One of the best intimidating markets for the novice trader is the Forex Market. Foreign exchange sys...
 
Manual Typewriters- a Gift of the Old World
Published by James Blee on January 19th 2012 | Technology
Due to the affordable nature of manual typewriters, it has succeeding in getting a tremendous respon...
 
Toshiba IP Business Telephone Solutions
Published by Alex on June 19th 2012 | Technology
Find out all you need to know about IP business telephone solutions....
 
Information about INTERTANKO and Magnus Effect
Published by Nishanpitterson on March 28th 2012 | Technology
This article will provide information about INTERTANKO and Magnus Effect. Reading this article will ...
 
Cybercrime- a National and International Threat
Published by Mark Bennett on February 16th 2012 | Technology
It may be hard for us to realize it, but security breaches can happen at any time. These cyber-atta...
 
Fascinating Features of Motorola XPR 6550
Published by James Blee on January 30th 2012 | Technology
The Motorola XPR 6550 comes with some fascinating features which can greatly add value to the device...
 
Printing Company : Hunt for the Reliable Ones
Published by James Blee on May 12th 2012 | Technology
Getting your things printed in large volumes can be an expensive proposition....
 
Mobile Payments are usually Obtained in every Actual Scenarios
Published by Addyson Aady on July 19th 2012 | Technology
Mobile Payments Are usually Obtained in every Actual Scenarios...
 
Ethernet/IP DH+ Connectivity Solutions
Published by Sadie King on April 30th 2012 | Technology
Choosing your Ethernet/IP DH+ Connectivity Solutions has never been easier thanks to Datalink....
 
Devices intended for carpentry
Published by Lempard Cameron on April 27th 2012 | Technology
Nail machine can be very helpful for the production of nails that can be used for various purposes a...
 
Capillary Tubes - What is it and What it is Used For?
Published by Todd Viscometer on May 4th 2012 | Technology
While most people do not understand the real physical phenomenon, which has a capillary tube, resear...
 
220v Extension Cord and its Many Uses
Published by Julia Roger on December 19th 2011 | Technology
Extension cords can be required any time. It is always better to keep it handy and if you can have a...
 
Things to Check when Receiving a Poor Mobile Signal
Published by Lucas Charlotte on December 14th 2011 | Technology
Here you will find some suggestions as to why you may be receiving little or no mobile phone signal....
 
HP Laserjet M1005 MFP Review! Read to know more about it…
Published by Wenddymadden on January 10th 2012 | Technology
HP LaserJet M1005 MFP: print and copy speed of up to 14 ppm, 1200 dpi effective output quality (600 ...
 
Products to Protect the Functions of Your IPod Touch
Published by Rob Danish on February 17th 2012 | Technology
The iPod Touch has more capabilities than ever. There are many reasons the Touch is priced higher t...
 
Types of iPhone Accessories Available
Published by on March 1st 2012 | Technology
Unlike in the yesteryears when mobile phones were considered as luxury items, today, a massive trans...
 
Know About New Furnace Installation Services
Published by George Bowering on July 7th 2012 | Technology
There are various benefits of a new furnace that can help one to save more on the utility bill every...
 
Canon EOS 60D – designed for perfection
Published by Paul Smith on January 27th 2012 | Technology
If you wish to have perfection in every shot you click, then the Canon EOS 60D is what you should ha...
 
Opt for Any Outdoor Lighting Lantern
Published by Julia Roger on December 9th 2011 | Technology
There is a select category of outdoor lighting lanternuserslantern users. These are the people who p...
 
Commercial Water Heaters – Installation & Maintenance
Published by George Bowering on June 6th 2012 | Technology
We rely on certain appliances daily and commercial water heater is one such kind. Whether the water ...
 
The Importance of Engine Parts for Earth Moving Equipment
Published by Matthew Stopford on August 26th 2012 | Technology
This article explains the importance of engine parts for earth moving equipment and expand on reputa...
 
Maintain a Perfect Heating and Cooling System in Seattle
Published by Amit on August 24th 2012 | Technology
Heating and cooling systems are imperative for any residence to live comfortably. However, proper ma...
 
Serve Your Clients Better by Hiring IT Consulting in Orlando
Published by Jack Martin on August 24th 2012 | Technology
IT consulting in Orlando is the newly adapted concept that every small and medium scale companies ha...
 
Microcontrollers and Electronics Circuits Making Electronics Magazine More Popular
Published by Shubhranshu Agarwal on August 24th 2012 | Technology
Access to online electronics portals is very easy; one needs to get himself registered with only few...
 
Microcontroller Based Electronics Designs to Make the Everyday Tasks Simplified
Published by Shubhranshu Agarwal on August 24th 2012 | Technology
Online Electronics For You magazines emerge as the best solution for the professionals who always wa...
 
Dot Net Development Platform for Business Applications
Published by Alex Franklin on August 23rd 2012 | Technology
The .Net platform was built from a scratch to overcome many of the problems that commonly accustomed...