Data Mining Whats It All About

1. Data Mining: What’s It All About

2. Data as a resource Hidden Patterns Data is unstructured, meaning less contains gives Information Intelligible and useful is

3. Analysis of data Data being generated is humongous Increased digitization of processes is increasing the rate at which data is being generated Manual analysis of this much data is not possible Computational resources are getting faster and cheaper Therefore analysis of data using computers is the right way ahead: Data mining

4. Data mining: Definition Data mining makes sense of unstructured data and discover useful, hidden information in the form of patterns Data mining helps in bridging the gap between generation of data and the understanding of data Data Information Data mining

6. Customer is graded on the basis of few past records

7. Only if the grading satisfies the minimum requirement of the bank, the customer is granted any credit

11. Visit more self help tutorials Pick a tutorial of your choice and browse through it at your own pace. The tutorials section is free, self-guiding and will not involve any additional support. Visit us at www.dataminingtools.net