Data Mining for Organizations ◾ 209
nontraditional means to extract new knowledge in all sectors of the economy. Itis
suggested that less mature organization such as those in developing states may
undertake certain actions to begin to reap some of the benets of KDDM. It is
important to note that although KDDM oers many potential advantages to orga-
nizations, it is not a panacea. Barclay (2013) highlighted some strategies business
that can consider in helping to translate data into knowledge:
◾ View data as an asset. When data is stored in disparate databases or not stored
at all, this hinders growth. Many organizations are still relying on manual
forms of data (source). is would require assembling data in an organized
fashion and digi