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Data Mining Tutorials, Concepts & Best Practices

Data Mining: A Boon or Curse?

Loveleen Gaur

With the Explosive use of Internet loads of data is generated an urgent need for new technology which can automatically and intelligently transform the vast amount of data into useful information. Data Mining emerged during late 1980’s, made great strides during 1990’s.Data Mining or popularly known as KDD (Knowledge Discovery from Data) a buzz word and a very young, promising and flourishing field in Data and Information Systems. Data Mining is Multidisplinary field drawing work from areas including database technology, machine learning, statistics, pattern recognition and data visualization. Data Mining now a days proved to be a powerful tool and is used to extract different patterns from large databases or massive information repositories. These patterns or knowledge discovered is used in decision making. Data Mining is used in various industries like telecommunication, health, CRM (Customer Relationship Management) etc. and proved to be very efficient in extracting patterns for decision making. Technology always helps in enhancing the efficiency of business processes. In the era of IT and IT enabled services, development and deployment of of new technology is common. Data Mining is one such technology but, like every coin has two faces this technology also has bright side and dark side. This technology is also used for extracting those patterns which violates the customer privacy. Technology is a collection of the man made inventions and devices used to sustain, facilitate and enhance the quality of human life. Technology can be curse or threat once compromised.

 

Here you need to understand the basic principles of Data Mining .

How Data Mining violate the customer privacy?

How we can safe guard our self by safe transactions?

All The above questions and many more questions will be answered in the following pages.