Organisations are today suffering from a malaise of data overflow.Data mining. The extraction of hidden predictive information from large databases is a powerful new technology with great potential to help companies focus on the most important information in their data warehouses. Data mining tools predict future trends and behaviors, allowing businesses to make proactive, knowledge-driven decisions
.Data warehousing and data mining can address a technology that enables the decision-maker to process huge amount of data in a reasonable amount of time and to extract intelligence/knowledge in a near real time. Data mining is only one step in the knowledge discovery process. Other steps include identifying the problem to be solved, collecting and preparing the right data, interpreting and deploying models, and monitoring the results. The real key to success, however, is to have a thorough understanding of your data and of your business. Algorithms can provide meaningful results only when sensibly directed.
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