Data Mining Software

Many organizations now view information as one of their most valuable assets, and data mining software allows a company to make full use of these information assets. Data mining software analyzes relationships and patterns in stored transaction data based on open-ended user queries. Several types of analytical software are available: statistical, machine learning and neural networks, decision trees, naive-Bayes, K-nearest neighbor, rule induction, clustering, rules based, linear and logistical regression time sequence, and so forth (Wang, 2005). There is never enough time to think of all the important questions; that is why the computer should do this itself. It can provide the winning edge in business by exploring the database and it brings back invaluable information.