What are the benefits and hazards of data mining? Please give rationale for your answer.© BrainMass Inc. brainmass.com October 25, 2018, 8:30 am ad1c9bdddf
ADVANTAGES OF DATA MINING:
Marking/Retailing - Data mining can aid direct marketers by providing them with useful and accurate trends about their customers' purchasing behavior.
Banking/Crediting - Data mining can als assist financial institutions in areas such as credit reporting and loan information. For example, by examining previous customers with similar attributes, a bank can estimated the level of risk associated with each given loan.
Law Enforcement - Data ...
Data warehouse concepts
Please provide a detailed expkanation of the following concepts
o An explanation of data warehouse concepts
o The benefits of data mining
o The hazards of data mining
o Recommendations on managing benefits and minimizing hazards