ChristianSteven Business Intelligence Blog

3 Ways Data Mining Gives Your Business The Competitive Edge

At its simplest, data mining is like digging through all the information you have collected about your business in order to put together more useful data. For example, a search of how well a particular product sells in April may help you know how much stock you should keep on hand in April. Knowing how to use your business's data is extremely helpful, and utilizing data mining can give your business the competitive edge.

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Top 3 Reasons Why You No Longer Need Data Mining

Data mining is a rather outdated, standalone business analytics process. In this process, data from large databases is read and analyzed to formulate reports. These reports contain information useful to the people reading them. Common users include the owners and managers of businesses of all shapes and sizes. Data mining used to be the only way to analyze big data. On its own, it was prone to many issues. Today, BI has taken over the business world. Many companies still use standalone data mining processes. Here’s why you shouldn’t, and why you don’t even need to anymore.

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