Practical Applications of Data Mining

1.3 data-MInIng Methods 7

produced by a data-mining system depends on the information needs of the

organization using the system. A great variety of information can be extracted

from databases using different algorithms. An efficient system is often con-

sidered to be one that provides the most assistance to the decision-making

process. Simple, blind application of data-mining algorithms can lead to the

discovery of meaningless and useless “knowledge” from databases. Hence,

data-mining systems have to be carefully customized to fit the individual

needs of the intended users.

Sophisticated analytical methods are used for the extraction of mission-

critical information from databases. Different algorithms render different

types of ...