Perform an Internet search for business success stories realized through data mining. Briefly summarize the problem—including the business problem and analytical approach to address the problem. Conclude your post by describing the value realized through data mining.

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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Perform an Internet search for business success stories realized through data mining. Briefly summarize the problem—including the business problem and analytical approach to address the problem. Conclude your post by describing the value realized through data mining.

 

SUGGESTED REFERENCES:

Evans, J. (2020). Business analytics (3rd ed.). Pearson. 

Expert Solution
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The business describes several activities, which are connected to the purchasing, producing, dispensing and selling of products (goods and services). The crucial purpose of a business is to gain profit, and a business always carries risk, uncertainty, and problems. 

Data defines the gathering of facts, and gathering, modifying, and arranging of data utilize to provide conclusions, make forecasting, and provide informed decision-making. Data mining defines the procedure of removing and identifying patterns in big data sets including approaches at the joining of machine learning, database, and machine learning. 

 

 

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