Predictive Analytics I: Data Mining Process, Methods, and Algorithms - Data Mining Applications
3 important questions on Predictive Analytics I: Data Mining Process, Methods, and Algorithms - Data Mining Applications
What are the major application areas for data mining?
- Customer relationship management
- Banking
- Retailing and logistics
- Manufacturing and production
- Braookerage and securities trading
- Insurance
- Computer hardware and software
- Government and defense
- Travel Industry (airlines, hotes/resorts, rental car companies)
- Health care
- Medecine
- Entertainement industry
- Homeland security and law enforcement
- sports
What do you think is the most prominent application area for data mining? Why?
Predict outcomes, discover interesting patters, detect fraude.
Can you think of other application areas for data mining not discussed in this section? Explain?
Criminal investigation
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