Data mining is extremely useful these days
Data mining is extremely useful these days where information is abundantly available. Data mining requires the use of mathematical algorithms and statistical techniques integrated with software tools. The Department of Homeland Security is using all kinds of computer tools to do data mining and they are gathering the data from businesses and government records, where ever they can find them. Data mining can be technically defined as the automated extraction of hidden information from large databases for predictive analysis. Data mining is the process of using certain algorithms, software and tools to retrieve, collect, analyze and report information (known as predictive analysis) from a huge pool of data. The information obtained by data mining is used for several applications for decision-making relating to direct marketing, e-commerce, customer relationship management, healthcare, oil and gas industry, scientific tests, genetics, telecommunications, financial services and utilities. When you do business with a certain company chances are of the information you give them is theirs to give out to whoever they choose, based on their privacy policy, which you submit to. The final product is an easy-to-use software package that can be used even by non-mathematicians to effectively analyze the data they have. Data Mining is used in several applications like market research, consumer behavior, direct marketing, bioinformatics, genetics, text analysis, fraud detection, web site personalization, e-commerce, healthcare, customer relationship management, financial services and telecommunications. Web data mining is the process of automated extraction of data from the World Wide Web.