What are the requirements for data mining ?
Ans. Basic requirements to have simple to complex analysis from data mining tools are : – Data bases (mainly historical) and mechanism for online regular updation of data on long term basis. Subject as well as expert domain knowledge besides the usage of state-of-the-art data mining tools. Evaluation criteria to select a data mining tool should include: a) Easy to Use: It should be easy to use for an expert. Data mining software should not be an MS Office look-alike, where people learning the job can intuitively play with it and get results. If they do, theyll come to you with great graphs that point you in bizarre directions. b) Speed: Three weeks to build a model is not something that can be implemented in today’s business. Not in data mining at least. For any type of data mining project that will actually tell you something real you may very well take a couple of months just to prepare the data. c) Integration: All high-end software packages can integrate on all platforms and file s
