Data Mining.pptx
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Data mining is a crucial process in database administration that involves extracting valuable information from large datasets to uncover patterns and links. Key components include a data mining engine, user interface, data warehouse server, knowledge base, and a pattern evaluation module, with techniques such as classification, clustering, and predictive analysis applied in various fields like marketing and fraud detection. While it offers benefits like informed decision-making and fraud identification, it also presents challenges such as complexity, accuracy issues, and the need for extensive training.
Data Mining.pptx
- 1. DATA MINING MEANING, COMPONENTS, STEPS, TECHNIQUES, APPLICATIONS, USES, BENEFITS AND DISADVANTAGES. (BRIEF EXPLANATION).
- 2. WHAT DO YOU UNDERSTAND BY DATA MINING? One of the key elements of database administration is data mining. it is a procedure for selecting the necessary data from a large collection of data in order to obtain accurate information for the organisation. the ability of data mining to recognise links and patterns in massive amounts of data from numerous sources is one of its key advantages. it comprises the procedure of evaluating and analysing a sizable batch of unstructured data in order to find patterns and extract data.
- 3. COMPONENTS OF DATA MINING There are various components of data mining that helps in its smoother work flow of the database management system : Data mining engine User Interface Data warehouse server Knowledge base Module for pattern evaluation
- 4. STEPS IN DATA MINING Establishing the process Preparation of data Exploring data Model building Exploring and evaluating Updating and deploying
- 5. DATA MINING TECHNIQUES Algorithms and other approaches are used in data mining to transform massive data sets into useable output. Association rules Classification Clustering Decision trees Nearest Neighbors Neural networks Predictive analysis
- 6. APPLICATIONS OF DATA MINING Sales Marketing Manufacturing Fraud Detection Human resources Customer satisfaction
- 7. USES OF DATA MINING There are various uses of data mining. List of it is below :- Basket Analysis Sales forecasting Database marketing Inventory planning Customer loyalty
- 8. BENEFITS OF DATA MINING • It aids businesses in making wise selections. • It enables data scientists to swiftly launch automated behavioral and trend predictions and find covert pattern. • It aids businesses in obtaining accurate information. • Compared to other data applications, it is a productive and affordable solution. • Businesses can adapt their operations and production in a lucrative way. • It aids in identifying fraud and credit risks.
- 9. DISADVANTAGES OF DATA MINING • Data mining is challenging and intricate, so thorough instruction in the use of numerous technologies is necessary. The method is challenging since mining requires a sizable database. Data mining is not always accurate and, in some circumstances, might have negative effects. It is certain that each tool has a unique algorithm, choosing the best one for a certain firm is a difficult issue.
- 10. Thank you!