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Data Mining - Benefits and Hazards

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

© BrainMass Inc. brainmass.com September 21, 2018, 1:56 am ad1c9bdddf - https://brainmass.com/computer-science/operating-systems/data-mining-benefits-hazards-542875

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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 ...

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