Date Added: May 2012
Although data mining is a relatively new term, not the technology. Companies have used powerful computers for analyze market research reports for years. However, it has new innovations while computer processing power, statistical software are dramatically increasing the accuracy of analysis and risk of security while dropping cost. Generally, data or knowledge discovery is the process of analyzing data and patterns from many different dimensions or angles from different sources standardization it into useful information, that can be used to increase revenue. The various integrated tools introduced are pieces of software that are run on a particular dataset at a particular time for a particular purpose.