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

Describe in brief about the internet, Describe in brief about The internet ...

Describe in brief about The internet Web sites need to be set up to maximise information supplied to customers and to ensure they are as self-contained and helpful as possible.

Explain the typical organization of a computer, Q. Explain the typical orga...

Q. Explain the typical organization of a computer? There are two principal components: hardware and software. The former refers to physical components such as memory unit (MU),

Explain bottom-up parsing techniques, Explain Bottom-up Parsing Techniques ...

Explain Bottom-up Parsing Techniques A parser can begin with the input and attempt to rewrite it to the start symbol. Instinctively, the parser attempts to locate the most bas

Data packet from one network to another, A device that forwards data packet...

A device that forwards data packet from one network to another is known as a  Switch device.

Backward chaining - artificial intelligence, Backward Chaining - Artificial...

Backward Chaining - Artificial intelligence Given that we are just interested in constructing the path, we may set our initial state to be the theorem statement and search backw

Mathematical simulation and modeling applications, Mathematical Simulation ...

Mathematical Simulation and Modeling Applications The tasks including modeling and mathematical simulation require a lot of parallel processing. Three basic formalisms in model

Explain space switching, Explain Space Switching. Space Switches: Con...

Explain Space Switching. Space Switches: Connections can be made in between outgoing and incoming PCM highways by a cross point matrix of the form demonstrated in figure. How

Explain advantages and disadvantages of macro pre-processor, What are the a...

What are the advantages and disadvantages of macro pre-processor? Advantages Any of existing conventional assembler can be improved in this way to incorporate macro proces

The concept of program-parallel computing, The Concept of Process Infor...

The Concept of Process Informally, a method is a program in execution, behind the program has been loaded in the main memory. However, a method is more than just a program code

Backward chaining, Backward Chaining: In generally given that we are o...

Backward Chaining: In generally given that we are only interested in constructing the path whether we can set our initial state to be the theorem statement and search backward

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