Short Note on Datamining
DATA MINING
- Data mining refers to extracting knowledge from large amounts of data. The data sources can include databases, data warehouse, web, etc.
- Data mining refers to the analysis of data. It is the computer-supported process of analyzing huge sets of data that have either been compiled by computer systems or have been downloaded into the computer.
- In the data mining process, the computer analyzes the data and extracts useful information from it. It looks for hidden patterns within the data set and tries to predict future behavior. Data mining is primarily used to discover and indicate relationships among the data sets.
- Data mining aims to enable business organizations to view business behaviors, trends relationships that allow the business to make data-driven decisions.
- Data mining is also called Knowledge Discovery in Database (KDD). The knowledge discovery process includes Data cleaning, Data integration, Data selection, Data transformation, Data mining, Pattern evaluation, and Knowledge presentation.
- Data Mining is used to extract useful information and patterns from data. Data mining can be carried with any traditional database, but since a data warehouse contains quality data, it is good to have data mining over the data warehouse system. Data Mining supports knowledge discovery by finding hidden patterns and associations, constructing analytical models, performing classification and prediction.
OR,
Data Mining, like gold mining, is the process of extracting value from the data stored in the data warehouse. Data mining techniques include the process of transforming raw data sources into a consistent schema to facilitate analysis; identifying patterns in a given dataset and creating visualizations that communicate the most critical insights. There is hardly a sector of commerce, science, or technology that isn’t using data mining and data mining techniques to accelerate its objectives. From fraud detection and inventory management to cancer research and marketing campaigns, data mining is changing decision-making around the globe.
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