Question

What are the key elements of data mining with examples?

Answer 1

Data mining is a easy form of information gathering where all the data go through a set of code or identification process.

Essential elements of data mining:

 Increased quantities of data:  Earlier, data mining required involvement of client and customer. But now-a-days it is easy to acquire any number of data using information technology and without the help of client.

Providing incomplete data: People provide incomplete information about themselves in the fear of exchanging their information in surveys conducted by a data mining system for its benefit.

Complicated data structure: In data mining, information is collected using information collection techniques. Most information are collected manually and the rest by technology. Understanding and determination of these mining can have complicated data structure.

It can predict future: A data mining system has all the data stored in it and makes it easier to predict future.

In marketing, one can understand the customer behavior and habits by keeping track of customer’s behavior and habits