Blog: Dan Power Subscribe to this blog's RSS feed!

Dan Power

Greetings to all of my friends who work in the area of computerized decision support. This blog is a way for me to share stories from my encounters related to decision support, to comment on industry events, and to comment on other blogger's comments, especially those of my friends on the Business Intelligence Network. I'll try to state my opinions clearly and provide an old professor's perspective on how computers and information technology are changing the world. Decision making has always been my focus, and it will be in this blog as well. Your comments, feedback and questions are welcomed.

About the author >

Daniel J. "Dan" Power is a Professor of Information Systems and Management at the College of Business Administration at the University of Northern Iowa and the editor of DSSResources.com, the Web-based knowledge repository about computerized systems that support decision making; the editor of PlanningSkills.com; and the editor of DSS News, a bi-weekly e-newsletter. Dr. Power's research interests include the design and development of decision support systems and how these systems impact individual and organizational decision behavior.

Editor's Note: More articles and resources are available in Dan's BeyeNETWORK Expert Channel. Be sure to visit today!

by Daniel J. Power
Editor, DSSResources.com 

Data mining is a data analysis innovation first discussed in the 1990s. "Big data" and analytics has led to a renewed and expanded interest in data mining technologies. Academics tend to use the related terms Knowledge Discovery and Intelligent Decision Support Methods (Dhar and Stein, 1997) or more derogatory terms like data surfing or data dredging. In general, data mining is a group of analytical methods like neural networks, genetic algorithms, and decision trees, that help people conduct computerized searchs for patterns in a data set. Data mining is both a process and a set of tools.

Continue reading at http://dssresources.com/faq/index.php?action=artikel&id=39

Please cite as:

Power, D. J. "What is data mining and how is it related to DSS?" Decision Support News, Vol. 16, No. 23, November 29, 2015 at URL http://dssresources.com/newsletters/408.php

Posted November 29, 2015 10:12 AM
Permalink | 4 Comments |

4 Comments

Data mining helps to increase benefit over competitors in the information, which today is a significant field in the environment we live in- the one takes over who knows more data develops better chances.
Kelvin Smith,
WHUK (Hosting Providers)

Thank you for the update

Great post, thanks for sharing. Data mining is also impacting another area: education. Data-driven decision making is making a serious impact on the future of student achievement, especially with SLDS/P-20 initiatives. In education, the ability to identify problem areas and link important data sets in order to make better decisions for the future of our students and teachers will be important.

Linda Boudreau
http://DataLadder.com

Data mining is being used by retailers and small scale sellers to provide better services to their customers. Customers have a preference according to which they order. By using analytics they can be provided relevant offers!

Leave a comment

    
   VISIT MY EXPERT CHANNEL

Search this blog
Categories ›
Archives ›
Recent Entries ›