DATA MINING

Samundeeswari

 DATA MINING

ADVANTAGES OF DATA MINING:

  👉 Data mining empowers organizations to extract valuable insights from their data. 

  👉 Leading to informed operational and production adjustments.

  👉It is more cost-effective compared to other statistical methods .

   ðŸ‘‰Supports decision-making by uncovering hidden patterns .

   ðŸ‘‰Predicting trends and behaviors.

   ðŸ‘‰Data mining can be integrated into both new systems .

   ðŸ‘‰Existing platforms, providing a swift process that allows even new users to analyze large datasets              quickly

DISADVANTAGES OF DATA MINING:

    👉 Organizations might sell valuable customer data to other companies for profit; for example,                     there  have been reports of American Express selling credit card purchase data. 

    👉 Additionally, many data mining analytics tools are complex and require advanced training to                  use effectively. 

     ðŸ‘‰The variety  of algorithms used in different data mining tools means that choosing the right one              can be a  challenging task.

     ðŸ‘‰Furthermore, data mining techniques are not always precise, which can result in serious                          consequences under certain conditions.


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