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The first example of Data Mining and Business Intelligence comes from service providers in the mobile phone and utilities industries. Mobile phone and utilities companies use Data Mining and Business Intelligence to predict ‘churn’, the terms they use for when a customer leaves their company to get their phone/gas/broadband from another provider.What is the difference between data mining and text mining?
The difference between regular data mining and text mining is that in text mining the patterns are extracted from natural language text rather than from structured databases of facts.What does data mining refer to?
Data Mining refers to a process by which patterns are extracted from data. Such patterns often provide insights into relationships that can be used to improve business decision making.