Data mining is used in various forms by different agencies. Detecting fraud and abuse is one of the benefits of the use of data mining. The healthcare industry is big and one of the biggest payers is CMS. However, detecting fraud and abuse in healthcare claims is crucial because billions of money is being wasted in unnecessary care. Data mining is defined as the process of data selection and studying and building models using massive data stores to disclose previously unidentified patterns in databases…

Data mining in banking industry Describes how data mining can be used. Data mining is the process of analyzing data from multitude different perspectives and concluding it to worthwhile information. Information can be used to increase revenue and cut costs. Nowadays we live in a modern era. We need many different technologies to make our life easier. Data mining software is the software tools to analyze the data. Data mining software enable users to analyze data from multitude different dimensions…

Look at Data Mining in the Pharmaceutical Industry Topics Covered: 1) What is Data Mining and why is it used? 2) How is Data Mining used in the Pharmaceutical Industry? 3) Recent debate in the legality of Data Mining and the Pharmaceutical Industry Pharmaceutical companies are taking advantage of the growing use of technology in the healthcare arena by using data to enhance their marketing efforts and increase the quality of research and development. The process of data mining allows…

Data Mining Techniques and Their Applications in Financial Data Analysis Deepika Sattu, 800721246, dsattu@uncc.edu Abstract— Data mining is a logical process that is used to search through large amount of data in order to find useful data [2].There are many different types of analysis that can be done in order to retrieve information from big data. Each type of analysis will have a different impact or result. Which type of data mining technique you should use really depends on the type…

Abstract— Data mining is the method of extracting the data from large database. Various data mining techniques are clustering, classification, association analysis, regression, summarization, time series analysis and sequence analysis, etc. Clustering is one of the important tasks in mining and is said to be unsupervised classification. Clustering is the techniques which is used to group similar objects or processes. In this work four clustering algorithms (K-Means, Farthest first, EM, Hierarchal)…

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…

Market Research Research Methods & Data Mining A Bottled Water survey done by Mintel, in spring of 2015, found mid-priced brands show the highest market penetration. 68% of bottled water drinkers surveyed by Mintel say that they usually drink mid-priced brands. More than half of those surveyed said they usually drink value brands, showing a definite consumer preference towards mid-and value-priced brands on the market. Only 13% of those surveyed drank Premium water. (Mintel Group Ltd. 2015) Enhancements…

In the Data mining process, we can identify the patterns in the data that is hard to find using normal analysis. Several Mathematical and statistical algorithms are used in this approach to determine the probability of the event or scenario. The main aim of this process in terms of technical representation is to find the correlation amongst the attributes. There is a huge amount of discovery being carried out in this field creating a huge scope and jobs in this area. Several data mining algorithms…

its giant servers. That data is then cross-linked to anything and everything Google is affiliated with, from YouTube to Google Maps. With all that information, Google can pinpoint where someone lives, his or her hobbies, age, health conditions, religion, and so forth. Some users are becoming wary about whether or not the search engine giant has gone too far in its attempts to gather user data by calling it an invasion of privacy and illegal wiretapping. Google’s data mining protocol has recently been…

Data Mining Melody McIntosh Dr. Janet Durgin Information Systems for Decision Making December 8, 2013 Introduction Data mining, or knowledge discovery, is the computer-assisted process of digging through and analyzing enormous sets of data and then extracting the meaning of the data. Data mining tools predict behaviors and future trends, allowing businesses to make proactive, knowledge- driven decisions Although data mining is still…