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Advantages offered by Data Mining:
1. Facilitates discovery of knowledge from big, massive data sets.
2. Can be used within dissimilar application areas by Fraud detection, risk assessment , market analysis and customer segmentation etc.
3. Method to develop effective CRM applications.
4. Returns best results when used within data warehouse environment.
5. Used extensively in telecommunications, retail and banking & finance industry.
What is time out mechanism. If one unit is faulty the data transfer will not be done. Such an error can be detected using time out mechanism which makes an alarm if the data tr
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What are the stages of data mining? The procedure of data mining comprises three stages, which are given below: a) The initial exploration b) Model building c) Deploym
write a short note on good blend of engineering and managerial economics
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