Data Mining Tools

Paper Summary:

This paper presents an overview of data mining tools commercially available today. These tools are invaluable in helping commercial ventures, scientists, economists, medical practices, and even weather forecasters detect patterns and data sets in vast quantities of information that they have collected. After an overview of what data mining is and how it is utilized, the writer focuses on specific data mining tools on the market. A description of characteristics and the leading products of the type of tool are examined. Finally, a detailed look at a specific product, which uses neural network-based data mining tools, is examined in depth.

From the Paper:

"Data mining is the process of seeking and extracting knowledge buried in large volumes of raw data. The importance of collecting data that reflects business or scientific activities is well recognized today. (Brodley, Lane, Stough 1999) Most large and mid range companies now utilize various commercially available data warehousing software for collecting and managing the large quantities of information that they collect. Before data mining technology, the bottleneck in turning raw data into useful information was how to accurately and quickly extract knowledge from the collected raw data. Analysis by humans without special tools cannot make sense of enormous volumes of data that require processing in order to make informed business or scientific decisions. Data mining automates the process of finding relationships and patterns in raw data and delivers results that can be either utilized in an automated decision support system or assessed by human analysts. (Brodley, Lane, Stough)"

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