Data
Mining is most helpful technique.
Every organization and government bodies
collect large amount of data for research and development. Such huge database
can make them to have the information on hand when required. But most important
is that it takes much time to find important information from the data.
Using data mining technique, we can
easily extract and filter required information from data. It is a processing of
refining data and extracting important information.
This process is mainly divided into 3
sections;
- pre-processing, - In pre-processing, large amount of relevant data are collected.
- mining and - The mining section includes data classification, clustering, error correction and linking information.
- Validation - The last but important is validate without which you can not make trust on information.
In short, data mining is a process of
converting data into authentic information.
Let's have look on how data mining is
useful to organization.
Powerful Strategies:
After data mining, information becomes
precise and easy to understand. While making strategies, one can easily analyze
information in various dimensions. This analysis helps to get real idea about
the strategy implementation. Management bodies can implement powerful
strategies effectively to expand business boundaries.
Fast and Feasible Decisions:
To search information from huge bundle
of data require more time. It also irritates a person who is doing such. With
annoyed mind one can not take accurate decisions that's for sure. By having
help of data mining, one can easily get information and make fast decisions. It
also helps to compare information with various factors so the decisions become
more reliable. Data mining is helpful in every decision to make it quick and
feasible.
Competitive Advantage:
Information is easily available and
precise so that one can compare it with competitors' information. It is very
much required that you must compare the data otherwise you will have to suffer
in business. After doing competitive analysis, one can make corrective
decisions to go ahead from competitors. This way company can gain competitive
advantage.
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