Data Mining

Data mining is the process of analyzing data from different perspective and extracting only useful information. Data mining software is one of the analytical tools for analyzing data. It helps to analyze data in different dimensions. Data mining is the process of finding correlations or patterns among dozens of fields in large relational databases.

Data mining consists of five major elements

  • Extracting, transforming, and loading transaction data onto the data warehouse system.
  • Stores and manages the data.
  • Provide data access to business analysts and information technology professionals.
  • Analyze the data using software.
  • Present the data in a graphical format, such as a graph or table.

Different levels of analysis are available

  • Artificial neural networks.
  • Genetic algorithms.
  • Decision trees.
  • Classification algorithms.
  • Nearest neighbor method.
  • Rule induction.
  • Data visualization.