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September 18, 2004

Volume Analytics

Data mining looks for patterns within structured data, that is, databases. The underlying technologies are based on statistics and artificial intelligence, littering the field with buzzwords such as classification and regression trees (CART), chi-squared automatic induction (CHAID), neural networks and genetic algorithms. As a process, data mining is not for the uninitiated. Typically, a statistician selects the appropriate algorithm(s) for the business problem, prepares the data for analysis and then fine-tunes the model based on the results.

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Posted by thinkingmachine at September 18, 2004 03:32 PM

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