{"id":37855,"date":"2015-07-15T19:11:17","date_gmt":"2015-07-15T13:41:17","guid":{"rendered":"http:\/\/vskills.in\/certification\/blog\/?p=37855"},"modified":"2024-04-03T13:19:07","modified_gmt":"2024-04-03T07:49:07","slug":"data-mining","status":"publish","type":"post","link":"https:\/\/www.vskills.in\/certification\/blog\/data-mining\/","title":{"rendered":"Data Mining"},"content":{"rendered":"

\"Data<\/a><\/p>\n

Data Mining<\/strong> is the process of analyzing data from different perspective and summarizing it into useful\u00a0information . In simple words, this is a method to find a specific series or pattern of information to meet the goals.<\/p>\n

Technically, Data Mining is the process of finding correlation or patterns among dozens of fluids in large relational databases.<\/p>\n

Ufffff !! too much of \u00a0” tech-tech” \u00a0words right ???<\/p>\n

Let me Explain it to you with a simple life example \ud83d\ude00<\/p>\n

Let us consider a “X” department store in US . The owner of this store is in huge problem because for the past 2 months “Alcoholic Beverage counter ” was lacking poor footfall and the owner was facing huge loss . The problem started when he shifted the counter to a new location in store .\u00a0He found that before Shifting of the counter to the new place it was near to “Daycare products counter” so \u00a0father’s who came to buy this product has no hesitation in buying that as its was just near to the Daycare counter .. now the counter is shifted to a new place which lacked Customer Attraction . As its Human psychology that no one will openly search for \u00a0these in public right ??? \ud83d\ude00<\/p>\n

So the owner shifted the counter back to the original place and guess what ? , his sales got a hike<\/p>\n

So guys what can you see in this above example ?? .\u00a0The owner found a certain combination (beverage – Daycare ) or pattern that helped him to get out of this problem.<\/p>\n

This is called Data Mining<\/em> .. \ud83d\ude00 ..<\/p>\n

So now I\u00a0hope all of you got to know what data mining is ? .<\/p>\n

The next Question :<\/em><\/p>\n

How can Data mining do ? & How does it work ?<\/strong><\/p>\n

Everybody must have heard about WALLMART<\/strong> ,it is\u00a0pioneering massive data mining to transform its supplier relationships. \u00a0They keeps data to identify customer buying patterns at their store and with this information they\u00a0manage local store inventory and identify new merchandising Techniques .<\/p>\n

Another Example is NBA<\/strong> (National Basketball association ) they analyze the movement of players to help plan new strategies . Sounds Interesting right ???<\/p>\n

This Method is primary used by company with strong Consumer Focus .<\/p>\n

Basically Data Mining Consist of<\/p>\n