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Published byCoral Eaton Modified over 8 years ago
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Data Mining is the process of analyzing data and summarizing it into useful information Data Mining is usually used for extremely large sets of data It is a tool used to analyze data and can be used to find the “meaning” of the data Could help businesses make crucial decisions. Can help generate a hypothesis
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Artificial neural networks Genetic algorithms Decision trees Nearest neighbor method Rule induction Data visualization
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http://www.people.vcu.edu/~gasmerom/MAT131/repnearest.html
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Some practical uses of Data Mining in business include: Market Segmentation Trends Direct Marketing Interactive Marketing
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Other practical uses of Data Mining include: Medical Games Music Weather
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Grocery Store Example Identified buying patterns of male customers Wal-Mart Example Buying patterns of customers helping suppliers
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