A Study on the Evolution of Data Mining Technologies: Exploring the Components and Applications of Data Mining Technology

Abstract

Data mininghappens to be a powerful technology which helps the companies to focus onimportant information which are lying in their data warehouses. They can answerquestions in the business process which normally took a long time to solveearlier. In the world of today most of the companies collect large amount ofinformation which can be implemented on the existing software as well ashardware platforms. Data mining provides answers to questions like “whichclients are more likely to respond to the promotional campaigns”. The paperbelow provides into the insight of the various components of data mining technology,the importance of it along with the diverse areas where it finds its use.