What are the benefits and hazards of data mining? Please give rationale for your answer.
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 ...