Data Mining Services

Data mining is needed in all the places where a large amount of data is stored, handled and processed. Consider an example of banks. How data mining process is helpful for them? They find out their customers by analysing and predicting pattern from data, transaction details and customer profiles details available with them. Who could be interested in credit cards, who could be interested in personal loans or insurances etc.

Grocery stores are another well-known example for using data mining. They are providing cards to customers. The cards make it possible for stores to track who is buying what, when they are buying it and at what price. Stores use this data and analyse customer behaviour with help of data mining, make strategy and offer coupons to customers, plan when to put items on sale or when to sell them at full price.