Data mining involves analyzing data to extract useful information for organizations to enhance revenue and reduce costs, predominantly used in consumer-focused industries like retail and finance. Walmart employs extensive data mining to manage supplier relationships and optimize inventory by analyzing customer buying patterns. In the future, data mining could advance significantly, potentially revolutionizing fields such as medical research and data analysis.

2. 
Data mining (sometimes called data or
knowledge discovery) is the process of
analyzing data from different perspectives and
summarizing it into useful information information that can be used to increase
revenue, cuts costs, or both.

3. 


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Extract, transform, and load transaction data
onto the data warehouse system.
Store and manage the data in a
multidimensional database system.
Provide data access to business analysts and
information technology professionals.
Analyze the data by application software.
Present the data in a useful format, such as a
graph or table.

4. 

Data mining is primarily used today by companies with
a
strong
consumer
focus
retail, financial, communication, and marketing
organizations.
For Example, WalMart is pioneering massive data
mining to transform its supplier relationships. WalMart
captures point-of-sale transactions from over 2,900
stores in 6 countries and continuously transmits this
data to its massive 7.5 terabyte Teradata data
warehouse. WalMart allows more than 3,500
suppliers, to access data on their products and
perform data analyses. These suppliers use this data
to identify customer buying patterns at the store
display level. They use this information to manage
local store inventory and identify new merchandising
opportunities.

5. 


In the short-term, the results of data mining will be in
profitable, if mundane, business related areas. Micromarketing campaigns will explore new niches. Advertising will
target potential customers with new precision.
In the medium term, data mining may be as common and
easy to use as e-mail. We may use these tools to find the
best airfare to New York, root out a phone number of a longlost classmate, or find the best prices on lawn mowers.
The long-term prospects are truly exciting. Imagine intelligent
agents turned loose on medical research data or on subatomic particle data. Computers may reveal new treatments
for diseases or new insights into the nature of the universe.

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9. PROJECT
DEVELOPMENT
PROJECT
CONFIGURATION
PROJECT
EXECUTION

10. Latest IEEE 2013 Projects
Served 35000 students and more than 55 university rank
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Experienced Trainers with certifications.
Software Training for the latest technology.
Embedpark provides knowledge into practice through
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We provide Placement Assistance in reputed IT Firms.
Free Soft skill Training and Personality Development
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Sufficient usage of Lab for Practical Session.
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11. For Further Details regarding projects
Contact – Veena.V
Phone: 9886733705