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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.
a. Define the meaning of "Document & Finger print" and "Message & Message Digest". What's the difference among the 2 pairs? b. Describe Davies Meyer scheme with diagram. c. W
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