About Data mining

[Former Member]

Hello Experts good morning to all.I have one doubt.ie What is Data Mining.uses & Functions of data Mining.

[Former Member]

Hi,

Data mining enables you to convert high volume data into high value information.

There have been different names for data mining like data fishing or data discovery.Most recently, the term knowledge discovery in databases (KDD) is used.

The main application areas for data mining are sales and marketing.

I hope this will give u an idea. if you need more info like data mining process pls let me know.

Regards,

Praveen

[Former Member]

Thank u for your message.But I didnt clear to this.can you tell clearly.

[Former Member]

Clearly means how can I tell you. The explanation I gave you was the real time concept of Data mining.

Your company wants to use SAP BI not only for simple reporting, but also for intelligent procedures, to identify unrecognised patterns in your data sets.

For example you plan to group your customers according to demographic factors and to analyze in detail the reasons for customer churn. For these scenarios, you have to use data mining procedures.

The most important steps of data mining are:

Business understanding

Data understanding

Data Preparation

Modeling

Evaluation

Deployment

I hope this info will help you.