What Makes Data Mining an Important Business Tool? What Types

question 28

Essay

What makes data mining an important business tool? What types of information does data mining produce? In what type of circumstance would you advise a company to use data mining?

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Definitions:

Symbolic Analogies

Comparisons made to symbolize or represent abstract concepts or relationships, often to facilitate understanding.

Imaging Process

A technique involving visualization or creating mental images, often used in problem-solving or creative contexts.

"Yesable" Proposal

A strategy or proposition framed in such a way that it encourages agreement or acceptance.

Legitimacy

The recognition or acceptance of something as lawful, proper, or rightful.