Briefly Explain Data Mining and Text Mining

question 53

Essay

Briefly explain data mining and text mining. Why are these of increasing interest to businesses?

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Definitions:

Corporate Social Responsibility

The practice of companies taking responsibility for the impact of their operations on social, environmental, and economic factors.

Performance Reports

Documents that compare actual results against planned objectives, highlighting variances and performance issues for management review.

Corporate Social Responsibility

A business model that helps a company be socially accountable—to itself, its stakeholders, and the public.

Stakeholders

Individuals or organizations directly or indirectly affected by the activities and performance of a business.