THE SURVEY OF DATA MINING APPLICATIONS AND FEATURE SCOPE

Abstract

Today, multinational companies and large organizations have operations in many places in the world. Each place of operation may generate large volumes of data. Corporate decision makers require access from all such sources and take strategic decisions. The information and communication technologies have highly used in the industry .The data warehouse is used in the significant business value by improving the effectiveness of managerial decision-making. In an uncertain and highly competitive business environment, the value of strategic information systems such as these are easily recognized however in today’s business environment, efficiency or speed is not the only key for competitiveness. Such tremendous amount of data, in the order of tera- to peta-bytes, has fundamentally changed science and engineering, transforming many disciplines from data-poor to increasingly data-rich, and calling for new, data-intensive methods to conduct research in science and engineering. To analyze this vast amount of data and drawing fruitful conclusions and inferences it needs the special tools called data mining tools. This paper gives overview of the data mining systems and some of its applications in the different fields.