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What are the advantages offered by data mining?
Advantages offered through Data Mining are given below:
a) Facilitates discovery of knowledge through massive, large data sets.
b) Can be used in various application areas through as Fraud detection, market analysis, risk assessment and customer segmentation.
c) Technique to develop effectual CRM applications.
d) Returns best results when used within data warehouse environment.
e) Used extensively within telecommunications, banking- retail and finance industry.
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An experts system has knowledge that lets it reason about its own operations plus a structure that simplifies this reasoning process. For example if an expert system
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