Home arrow Technical Training arrow Data Mining Tutorial  Data
Mining Applications  Author : Exforsys Inc.     Published on:
26th Jul 2006    |   Last Updated on: 17th Dec 2010  Data mining
is a relativey new technology that has not fully matured.
Despite this, there are a number of industries that are already
using it on a regular basis. Some of these organizations include
retail stores, hospitals, banks, and insurance companies.  Many
of these organizations are combining data mining with such
things as statistics, pattern recognition, and other important
tools. Data mining can be used to find patterns and connections
that would otherwise be difficult to find. This technology is
popular with many businesses because it allows them to learn
more about their customers and make smart marketing decisions. 
There are a number of applications that data mining has. The
first is called market segmentation. With market segmentation,
you will be able to find behaviors that are common among your
customers. You can look