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

Tools that could strike gold for you
Published by James on February 24th 2012 | Technology
Gold, oh Gold! It has been a sought after metal to the rich and famous and the modern Robinhoods ali...
 
Many Outdoor Brass Lights to Choose From
Published by Julia Roger on December 9th 2011 | Technology
Do you know why more and more people are getting drawn towards outdoor brass lights? The chief reaso...
 
Good Industrial Oven Manufacturer
Published by Paul on June 4th 2012 | Technology
A good industrial oven manufacturer will have all different types of industrial conveyor ovens, and ...
 
Dewalt 18V Battery –Reliable Source to Power Devices
Published by James Blee on February 21st 2012 | Technology
Most machines that we use are powered by battery.. From small tools to automobiles each and every th...
 
HTC Sensation Contract Deals: an Event in the Mobile Phones Industry
Published by Angela Neacsu on December 30th 2011 | Technology
One is sure to note a great craze for the HTC Sensation mobile phones. The HTC Sensation Contract De...
 
Reap the Benefits of Biobank
Published by James Blee on April 20th 2012 | Technology
When it comes to reaping the benefits of existence of the facility of biobank, there seems to be som...
 
What are the Best Architectural Stadiums
Published by Stuartgreen on April 3rd 2012 | Technology
Which stadiums and other iconic structures have been built with innovative and advanced compounds su...
 
An Overview of Rugged LCD Monitors
Published by James on February 29th 2012 | Technology
Are you familiar with rugged LCD monitors? If not, then let me tell you that you have just arrived a...
 
Cell Phone Spying
Published by Carina Coronel on February 16th 2012 | Technology
People often wonder that how it could be possible to spy on someone other’s mobile phone without g...
 
Various Types of Printing Services
Published by Julia Roger on January 28th 2012 | Technology
In this day of globalization and spreading business in every corner of the world, printing plays a v...
 
Several Facts About Quality Palo Alto Electrical Options
Published by Tracy Narvaez on April 21st 2012 | Technology
Nuclear Energy production is a method in which steam is produced by heating water through the proces...
 
The Case in Favor of Home Phones over Wireless
Published by Nathan Brown T on February 28th 2012 | Technology
Over the years phone services have grown in stature and reach. Users no longer have to be glued to t...
 
Get the Best iPhone 4 Accessories
Published by James Blee on March 1st 2012 | Technology
iPhone 4 is known for its capability to serve every need of yours. It is one of the most prized poss...
 
The Benefits of Digital Signage in Restaurants
Published by Julie Solomon on June 1st 2012 | Technology
If you are a restaurateur looking to expand your restaurantempire into a new location for your exist...
 
Automobile Sales in Canada
Published by Bgiles on July 31st 2012 | Technology
How has the Automotive Products Agreement affected car sales in Canada?...
 
Tips for Choosing Right IT Consulting Company for your Business
Published by Ariel Linford on April 16th 2012 | Technology
A right and successful IT consulting company plays an important role for the success of any organiza...
 
Zodiac- Giving you the best of Solutions
Published by Rahul on July 24th 2012 | Technology
Your business may experience many signs that will signal it out to you that you are in a desperate n...
 
The Ebook Reader - Death of the Paperback Book?
Published by Julia Bennet on February 19th 2012 | Technology
Over the centuries, many new inventions have made old products obsolete and unnecessary. Electric bu...
 
Reference Data and Information to Gather Scientific Equipment.
Published by Todd Viscometer on May 10th 2012 | Technology
Today, modern basic chemical laboratory equipment really has not changed much since ancient times....
 
Creating Valuable Methods when Going into the Export to China Business
Published by Darrell Fore on August 14th 2012 | Technology
In case you are planning and organizing to export your products and services to China, be strongly p...
 
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...