Dec 15, 2008

Applications of Data Mining

Data Mining has been able to grasp the attention of many in the field of scientific research, businesses, banking sector, intelligence agencies and many others from the early days of its inception. However its use was not as easy as it is now. The rapid growth of various tools and software during the past few years enable it to be used more widely than ever before. The ease with which one can carry out complex data mining techniques using these tools is simply outstanding.

Data Mining is used by businesses to do improve its marketing and to understand the buying patterns of its clients. Attrition Analysis, Customer Segmentation and Cross Selling are the most important ways through which data mining is showing the new ways in which businesses can multiply its revenue.

Data Mining is now used in the banking sector for credit card fraud detection by identifying the patterns involved in fraudulent transactions. It is also used to reduce credit risk by classifying a potential client and predicting bad loans.

Data Mining is used by intelligence agencies like FBI and CIA to identify threats of terrorism. After the 9/11 incident it has become one of the prime means to uncover terrorist plots. However this led to concerns among the people as data collected for such works undermines the privacy of a large number of people.


gamze said...

Nice article:)

openaccess said...

Hi,Doing my research I found great books about Data mining. This books intends to bring together the most recent advances and applications of data mining research in the promising areas of medicine and biology, in real life applications, web applications etc. The readers will benefit from this books and consider it as an excellent way to keep pace with the vast and diverse advances of new research efforts.This is link where you can find it: They are free to download!!

Fundscare said...

Have them send you the settlement offer IN WRITING. Open a new checking account at your bank. Put only the amount of money in the account that you need to make the payment each month and pay out of that account
Collection Agency

Jhon lee said...

Hi, This is really very good article about the Data Mining. I also works on Data Mining and share something about Data Mining with you. So visit: the read more about Data Mining

Puja Maity said...

This webside is halpful aricle. so visit plz the Data Mining.

Karthi Keyan said...

Interesting blog post.This blog shows that you have a great future as a content writer.waiting for more updates...
seo company in Chennai

Aashi siva said...

very very amazing explaintion....many things gather about yourself...yes realy i enjoy it

Vmware Training in Chennai

Web Designing Training in Chennai

AWS Training in Chennai

Linux Training in Chennai

Microsoft Azure Training in Chennai

Ancy merina said...

I think this is the best blog I have been through all this day.
Web development company in bangalore
Outsource magento ecommerce services india
ECommerce Website developers in bangalore