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

[DataMining|http://www.anderson.ucla.edu/faculty/jason.frand/teacher/technologies/palace/datamining.htm]

Regards,

Sravanthi

[Former Member]

Hi Anand,

You can use data mining to automatically determine significant patterns and hidden associations from large amounts of data. Data mining provides you with insights and correlations that had formerly gone unrecognized or been ignored because it had not been considered possible to analyze them.

Since each company has different data mining requirements, it is not possible to deliver fixed models for producing prediction results. However, the data mining methods available in SAP BW allow you to create models according to your requirements and then use these models to draw information from your SAP BW data to assist your decision-making. For example, you can analyze patterns in customer behavior and predict trends by identifying and exploiting behavioral patterns. Data mining models can be used to provide answers to decision-making questions like the following:

Which offer is most appropriate to which customers and when should that offer be made?

Which customers are liable to churn?

How high is the cross-selling potential for a new product?

Thanks & Regards

Ramakrishna Kamurthy

[Former Member]

Thank you for given me a valuable answer

[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.

[Former Member]

Hi,

Its a data warehousing tool similar to data warehouse workbench here we can develop models for analysis like ABC Classification ,Scoring ,Decision Tree etc.

This sap help link will help you.

http://help.sap.com/saphelp_nw04/helpdata/en/4a/eb293b31de281de10000000a114084/content.htm

Hope this helps !

Regards,

Rose.

[Former Member]

Thank you sir.