What are the advantages offered by data mining, Computer Engineering

Assignment Help:

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.


Related Discussions:- What are the advantages offered by data mining

Abap/4 dictionary structures without an underlying database, It is not poss...

It is not possible to use ABAP/4 Dictionary Structures without an underlying database using LDB. True.  You can use additionally related tables, along with the tables explaine

In 8085 which is called as high order / low order register, Flag is known a...

Flag is known as Low order register & Accumulator is known as High order Register.

What are the differences between simulation and synthesis, What are the dif...

What are the differences between SIMULATION and SYNTHESIS Simulation synthesis Simulation is used to verify functionality of the circuit.. a) Functional Simulation:stud

Disadvantages of pipeline - computer architecture, Disadvantages of pipelin...

Disadvantages of pipeline: Pipeline architecture has 2 major disadvantages.  First is its complexity and second is the inability to constantly run the pipeline at full speed,

Introduction to e-commerce, Have you heard about e-commerce? What place is ...

Have you heard about e-commerce? What place is e-commerce located at? What are e-commerce objectives? When did e-commerce starts? How e-commerce works? Who takes advantages of e-co

What is bus arbitration, What is bus arbitration? It is method by which...

What is bus arbitration? It is method by which the next device to become the bus master is selected and bus mastership is transferred to it. There are two ways for doing this:

How can i execute a php script using command line, Just run the PHP CLI (Co...

Just run the PHP CLI (Command Line Interface) program and give the PHP script file name as the command line argument. For instance, "php myScript.php", assuming "PHP" is the comman

Microprocessor and interfacing, Write an ALP to count positve and numbers f...

Write an ALP to count positve and numbers from array.

What is a diagonalization language ld, What is a Diagonalization language L...

What is a Diagonalization language LD?  The  diagonalization  language  having  of  all  strings  w  such  that  the  TM  whose  code is w does not accept when w is given as in

What are the necessary elements of an e-banking site, What are the necessar...

What are the necessary elements of an e-banking site? E-banking systems rely upon a number of common elements or processes. The given list comprises many of the potential elem

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd