DATA WAREHOUSE Questions and Answers

What is the advantages data mining over traditional approaches?

Data Mining is used for the estimation of future. For example, if we take a company/business organization, by using the concept of Data Mining, we can predict the future of business in terms of Revenue (or) Employees (or) Customers (or) Orders etc.Traditional approaches use simple algorithms for estimating the future. However, it does not give accurate results when compared to Data Mining.