Explain the concepts and capabilities of data mining.Data mining is used to examine or explore the data using queries. These queries can be fired on the data warehouse. Explore the data in data mining helps in reporting, planning strategies, finding meaningful patterns etc. it is more commonly used to transform large amount of data into a meaningful form. Data here can be facts, numbers or any real time information like sales figures, cost, meta data etc. Information would be the patterns and the relationships amongst the data that can provide information.
Explain the concepts and capabilities of data mining.Data mining is the process of extracting patterns from huge amount of data. It is the core knowledge of discovery process. Relational, data warehouse, transactional, stream, object oriented, spatial, text, multi-media, heterogeneous, legacy and WWW data is mined. The techniques utilized for data mining are database-oriented, data warehousing (OLAP), visualization, machine learning etc.
Data mining can be implemented in industries like, retail, stock market, text mining, web mining, banking, telecommunication to name a few. Data mining functionalities are characterization, discrimination, clustering, outlier and trend analysis, classification, etc.