Articles

Articles » "All You Wanted to Know on Data Mining"

Data Mining or knowledge discovery is an artful process of performing data analytics from the perspective of making it readily usable, readable and above all synchronized. This ensures the consumer, retail and supply chain based companies to increase their revenue collection and higher returns on the investments. However, defining the data mining process from technical point of view is aimed at finding the correlations in variety of fields spread across huge relational databases.

With innovations on the run, powerful data mining software are out that can provide high quality data mining services at affordable prices. Data mining software works well for analyzing and scrutinizing variety of data. These include the Meta data, operational and the non-operational data.  Logical database design or data dictionary definitions come under the purview of Meta data. The operational or the transactional data includes, payroll, accounting, inventory, sales and much more. The non-operational data takes into account forecast data, macroeconomic data, industry sales data etc.

Data mining helps the companies to analyze correlation that exists between “internal" factors viz, staff skills, pricing and product positioning and “External” factors such as customer demographics, economic indicators etc. Data mining processes work in tandem with other data managing processes such as Data conversion, Data managing, Data warehousing and many more. In each of these processes, data mining is taken as the important part as it helps in data refinement in the general sense.

The complete power of data mining can be judged only if you have volume of data available with you. In the latest technology driven world, data mining process works smoothly on all the client/server, mainframe and personal computer platforms. Keeping in view ever growing need of information in every sector, data mining can be seen as the most important information analyses process necessary for disposal of impeccable data to the client’s work model.

View More »