Data Mining and Knowledge Discovery

Data mining is the process of extracting valuable knowledge from complex data. This knowledge is implicit unknown in advance and a credible and potentially useful model. Viable in-depth analysis around data sets is becoming more and more important for decision-making in almost all areas of society: business and industry science and engineering medicine and biotechnology government and individuals. The successful application of data mining in customer acquisition and retention cross-selling trend analysis and market prediction fraud detection and risk prevention is encouraging.