The Arab Academy For Managerial, Banking and Financial Science Name: Course: Semester
The Arab Academy For Managerial, Banking and Financial Science Name: Course: Semester
Data mining has applications in multiple fields, like science and research. As an
application of data mining, businesses can learn more about their customers and develop
more effective strategies related to various business functions and in turn leverage
resources in a more optimal and insightful manner. This helps businesses be closer to
their objective and make better decisions.
Data mining involves effective data collection and warehousing as well as computer
processing.
For segmenting the data and evaluating the probability of future events, data mining uses
sophisticated mathematical algorithms.
Data mining is also known as Knowledge Discovery in Data (KDD).