Data mining is another concept closely associated with large databases such as clinical data repositories and data warehouses. However data mining like several other IT concepts means different things to different people. Health care application vendors may use the term data mining when referring to the user interface of the data warehouse or data repository. They may refer to the ability to drill down into data as data mining for example. However more precisely used data mining refers to a sophisticated analysis tool that automatically dis covers patterns among data in a data store. Data mining is an advanced form of decision support. Unlike passive query tools the data mining analysis tool does not require the user to pose individual specific questions to the database. Instead this tool is programmed to look for and extract patterns, trends and rules. True data mining is currently used in the business community for market ing and predictive analysis (Stair & Reynolds, 2012). This analytical data mining is however not currently widespread in the health care community.
Data mining is a very useful business strategy that allows companies to improve their business model and overall
Data Mining. It is the process of discovering interesting knowledge that are gathered and significant structures from large amounts of data stored in data warehouse or other information storage.
Data mining uses computer-based technology to evaluate data in a database and identify different trends. Effective data mining helps researchers predict economic trends and pinpoint sales prospects. Data mining is stored in data warehouses, which are sophisticated customer databases that allow managers to combine data from several different organization functions.
As stated above, data mining is often used to solve business decision problems, “it provides ways to quantitatively measure what business users should already know qualitatively” (Linoff, 2004). A growing number of industries are using data mining to become more competitive in their market by primarily focusing on the customers; increasing their customer relationships and increasing customer acquisition.
What is data mining? Data mining is the deriving new information from massive amounts of data in databases (Sauter, 2014, p. 148). Chowdhurry argues that data mining is part of KDD. KDD is knowledge discovery in databases, it is a process that includes data mining. In addition to data mining, KDD includes data preparation, modeling and evaluation of KDD. KDD is at the heart of this research field. This research field is multidisciplinary and includes data visualization, machine learning, database technology, expert systems and statistics. Overall, the use of a case based reasoning and data mining tools within an information system would create a CBR system to solve new problems with adapted solutions and could be used in many industries such as education and healthcare (Chowdhurry,
Data mining is a class of database applications that looks for hidden patterns in a group of data that can be
1) Data mining is a way for companies to develop business intelligence from their data to gain a better understanding of their customers and operations and to solve complex organizational problems.
With the increased and widespread use of technologies, interest in data mining has increased rapidly. Companies are now utilized data mining techniques to exam their database looking for trends, relationships, and outcomes to enhance their overall operations and discover new patterns that may allow them to better serve their customers. Data mining provides numerous benefits to businesses, government, society as well as individual persons. However, like many technologies, there are negative things that caused by data mining such as invasion of privacy right. This paper tries to explore the advantages as well as the disadvantages of data mining. In addition, the ethical and global issues regarding the use of data mining
Today with the ever growing use of computers in the world, information is constantly moving from one place to another. What is this information, who is it about, and who is using it will be discussed in the following paper. The collecting, interpreting, and determination of use of this information has come to be known as data mining. This term known as data mining has been around only for a short time but the actual collection of data has been happening for centuries. The following paragraph will give a brief description of this history of data collection.
In its infancy, data mining was as limited as the hardware being used. Large amounts of data were difficult to analyze because the hardware simply could not handle it [1]. The term "data mining" first began appearing in the 1980 's largely within the research and computer science communities. In the 1990 's it was considered a subset of a process called Knowledge Discovery in Databases of KKD [1]. KKD analyzes data in the search for patterns that may not normally be recognized with the naked eye. Today however, data mining does not limit itself to databases,
Across a wide variety of fields, data emanating from the massive healthcare insurance providers such as government and private companies in healthcare are being collected and stored at tremendous pace. Thus, there is a need felt by most of the companies to manage their wealth of knowledge. Hence, due to the tremendous increase in data, extracting useful information from that data became important. Thus, to extract useful information from the database, Knowledge Discovery in the Database (KDD) is needed. Therefore, KDD is defined as a process of identifying valuable, important, useful and understandable patterns from a large complex database (Maimom & Rokach, 2007).
Data mining is when a financial analyst gathers consumer information and looks for patterns that a business can exploit. A simplified data mining example is when a restaurant manager knows the local yearly convention schedule based on experience. The manager can cross-reference that information with historical sales results to predict such things as forecasted profit or labor demand. With this information, the manager can estimate an advertising budget or hire temporary staff to handle anticipated work load. When medium to large-sized businesses use data mining, they uncovering these same information points; however, revenue gains can range from millions to billions of dollars. There are several techniques that firms frequently employ to find gold in information.
Data mining simply explained is automated sorting and analyzing of large amounts of data, searching for patterns and correlations. On a
Data Mining is a collection of number of computational approaches. These approaches are used to develop
Data Mining is known as the process of analyzing data to extract interesting patterns and knowledge. Data