Data Mining Concept

From MIKE2 Methodology

This is a Concept Article which is used to describe a key Information Management concept. The purpose of this article is to provide a general definition of this concept.

Data Mining is a discovery-driven process involving the use of detailed and historical data. Data Mining allows organisations to gain a deep understanding of their current information assets through existing data sets by looking for trends that are not obvious without detailed analytical processes and technologies.

This discovery-driven analysis is complemented by the development of “what if” scenarios that can help predict future behaviour by helping to formulate new questions and the associated answers.

Additional Information on this Subject from Wikipedia

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