Explore BrainMass

Explore BrainMass

    Data Mining - Benefits and Hazards

    Not what you're looking for? Search our solutions OR ask your own Custom question.

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

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

    © BrainMass Inc. brainmass.com March 5, 2021, 12:51 am ad1c9bdddf

    Solution Preview


    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 ...