subject: Data Mining: Competitive Business Data Mining Services Intelligence [print this page] Basically, a large volume of raw data is transferred into predefined data format, after it you can track valuable information with easy data mining process. Data mining is very important part of web research. After searching of data (information) from various sources you can analyze and extract crucial information and convert it which can useful to you.
In the business, data mining is useful to makes the data more related in the application. Data mining is having lot of importance because of its huge applicability. Today, data mining is very much used in business applications for understanding and then predicting valuable data, like consumer buying actions and buying tendency, profiles of customers, industry analysis, etc.
Data mining consists of major elements:
* Extract and load operation data onto the data store 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.
You can discover data mining is in different types such as web mining, audio mining and video mining, graphic data mining, text mining and relational databases. Business intelligent application used these all types of data mining techniques. Data mining software is used to analyze consumer data and trends in banking as well as many other business industries.
Thus, data mining is helpful to the all businesses to make quick and feasible decision. The information obtained by it is used for several applications for decision making relating to direct marketing, e-commerce, customer relationship management, healthcare, scientific tests, telecommunications, financial services and utilities.
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