Although data-mining is a newcomer to the business field today, nobody can deny its importance in making businesses grow. In this article, we will provide our readers with a detailed definition of data mining. We will also talk about its uses and its influence.
To make it simple, data-mining is all about gathering and digging data. Then, you need to analyze it to get relevant and useful information. Data miners of course use business intelligence solutions instead of old tools and software. To track and analyze the tremendous amount of structured and unstructured data.
2/HOW DOES IT WORK:
Business intelligence solutions provide relevant and continuous ETL (extract-transform-Load) data processing to help organizations and businesses warehouse data smoothly. In fact, after finishing the mining process, business owners and decision-makers will be provided with useful reports of summarized data. Before data-mining came to save us, these reports needed a high level of expertise.
As modern businesses rely on a massive amount of data today, they should check it and analyze it whenever they need useful information. This is how the term “Big Data” was created. Indeed, business owners, leaders and organizations use data-mining systems to get helpful data that is manipulable and flexible, so they can make better decisions.
4/THE USES OF DATA-MINING:
We can rely on business intelligence solutions in many fields. Data that comes from sales, consumer behaviour, market trends, categorizations, etc, need to be treated for many specific industries. Also, data-mining has an extremely important role in other fields such as biomedical research and educational organizations.
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