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WHAT ARE THE TWO MAIN
OBJECTIVES ASSOCIATED
WITH DATA MINING?
THE ANSWER IS:
Uncovering Trends and Patterns
UNCOVERING TRENDS AND PATTERNS IS A GREAT POWER FOR THE BUSINESSES
OF ALL SECTORS AND INDUSTRIES.
READ UP ON BREWING TIME, TOO!
WHAT IS DATA MINING?
Data mining is a process of turning raw data into
useful information. It is a process of sorting a large
amount of data to find out patterns and establish
trends and relationships to solve problems.
Why discovering hidden trends
and patterns is crucial for the business?
Companies which can successfully extract and uncover trends
and patterns are able to know and understand better their
customers. These companies are able to develop more effective
marketing strategies, increase sales, decrease costs and etc.
Who benefits from data mining?
- Marketing
- Finance and banking
- Governing organizations
- Manufacturing
- Science
- Policing
- Insurance
- Health industry and many many
others
How can the hidden trends and patterns
be uncovered?
With automated software solutions. You can detect
connections and patterns with intuitive tools, analyze key data
quality metrics and uncover important trends on the go,
explore big data in no time on your mobile phone, iPad,
iPhone, and etc.
One of the most popular examples of data mining that uncover
patterns is the discovery that beer and diapers are often purchased
together. Marketers discovered that it is a common habit for Fathers
to take some beer when they are going to buy diapers. The stores can
use this information to place the beer and diapers in closeness.
Example
http://intellspot.com

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The two-main-data-mining-objectives-infographic

  • 1. WHAT ARE THE TWO MAIN OBJECTIVES ASSOCIATED WITH DATA MINING? THE ANSWER IS: Uncovering Trends and Patterns UNCOVERING TRENDS AND PATTERNS IS A GREAT POWER FOR THE BUSINESSES OF ALL SECTORS AND INDUSTRIES. READ UP ON BREWING TIME, TOO! WHAT IS DATA MINING? Data mining is a process of turning raw data into useful information. It is a process of sorting a large amount of data to find out patterns and establish trends and relationships to solve problems. Why discovering hidden trends and patterns is crucial for the business? Companies which can successfully extract and uncover trends and patterns are able to know and understand better their customers. These companies are able to develop more effective marketing strategies, increase sales, decrease costs and etc. Who benefits from data mining? - Marketing - Finance and banking - Governing organizations - Manufacturing - Science - Policing - Insurance - Health industry and many many others How can the hidden trends and patterns be uncovered? With automated software solutions. You can detect connections and patterns with intuitive tools, analyze key data quality metrics and uncover important trends on the go, explore big data in no time on your mobile phone, iPad, iPhone, and etc. One of the most popular examples of data mining that uncover patterns is the discovery that beer and diapers are often purchased together. Marketers discovered that it is a common habit for Fathers to take some beer when they are going to buy diapers. The stores can use this information to place the beer and diapers in closeness. Example http://intellspot.com