Data Mining and Benefits

Paper Summary:

Data mining is the extraction of hidden predictive information from large databases. This paper examines the effect that data mining has on the current corporate climate. It defines data mining and examines the scope of its existence and effects on overall industry and the rest of the world. The paper also explains the basics of the technology behind data mining and how these tools will interact with localized software. Examples of how data mining technology can be profitably used, as well as how it will use the data warehouse architecture to evolve existing software to develop new ways to collect and interpret information, is also looked at.

From the Paper:

"Model building itself is not a new technology; it is in fact something that has been around for a very long time. Since the beginning of computer technology, modeling has been a method to finding solutions. Computers work just as humans do by collecting information from a variety of differing situations and attempting to put it together in such a way that makes sense. With computers, there are more resources as well as faster integration of the information so the model building process is easy, fast and efficient. It also is much more complex than anything that a human can build which means the answer is in more depth and more accurate."

More papers on Data Mining and Benefits:

• Research Paper # 59656 : "Data Trends and Mining"
• Essay # 14585 : "Database Warehousing"
• Research Paper # 14174 : "Object-oriented Programming"

APA Citation:

MLA Citation: