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| Topic: |
Business
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| Number of pages / Number of words: |
18 / 4787 |
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Modeling the investigated system, discovering relations that connect variables in a database are the subject of data mining.
Modern computer data mining systems self learn from the previous history of the investigated system, formulating and testing hypotheses about the rules which this system obeys...
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When concise and valuable knowledge about the system of interest had been discovered, it can and should be incorporated into some decision support system which helps the manager to make wise and informed business decisions.
What Can Data Mining Do?
Although data mining is still in its infancy, companies in a wide range of industries - including retail, finance, heath care, manufacturing transportation, and aerospace - are already using data mining tools and techniques to take advantage of historical data...
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