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What are the pros and cons of using data mining

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Reference no: EM132986201

Your manager is curious if data mining is a good idea for his or her medium-sized business that is operating within the U.S. You have been tasked to answer some of the questions that your manager has. Answers the following questions.

-What are the pros and cons of using data mining?

-What tools are available to help with data mining?

-What tools are high cost, and what tools are low cost?

-How long would it take to be up and running with data mining?

-Does a third-party vendor make it easier to data mine?

-Give two examples of businesses that successfully use the data mining process.

Reference no: EM132986201

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