DATA MINING

 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 .

   👉Supports decision-making by uncovering hidden patterns .

   👉Predicting trends and behaviors.

   👉Data mining can be integrated into both new systems .

   👉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. 

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

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