Present an example where data mining is crucial to the success of a business. What data mining functionalities does this business need (e.g., think of the kinds of patterns that could be mined)?
Answers
Explanation:
educational data which show your ability that what you can do for your aim
Answer:
A suitable example could be found from practically any business that sells items or services. Such business would require both cross-market analysis (finding associations between product sales) and customer profiling (what types of customers buy what products). Based on the acquired profiles predictions can be made on what kind of marketing strategies would be most effective.
In theory this knowledge can be acquired with data query processing or simple statistical analysis, but it would require a considerable amount of manual work by expert market analysts, both in order to decide which queries to use or how to interpret the statistics and due to the huge amount of data.
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