A Study on the Role of Data Mining In Enabling Efficient Decision Making In Organizations |
In the subjectmatter of discussion the role of data mining and its utility in enablingefficient decision making in organizations is analysed in details. Firstly anintroduction to data mining is given followed by the definition of the term inthe traditional as well as the modern forms. Then the evolution of the differentforms of data mining and its practical implications in organizations is alsoillustrated in details. In the overall context the advantages associated withdata mining along with what the future holds is also explained in details.Finally a short and precise summary about data mining is also provided.