There are many tools in the market both open source and proprietary with varying levels of sophistication. It is usually a framework like R studio or Tableau with a suite of programs to help build and test a data model. Data Mining tools are software programs that help in framing and executing data mining techniques to create data models and test them as well. Our discussion here will be around this machine we identified as the tool used to execute the data mining techniques. So, what does the machine itself in the below figure represent? The machine in this oversimplified model is the tool that is used to execute the various methods and techniques used in data mining. Picturing data mining as a machine, the raw data becomes the input, the data mining activity becomes the task the machine is designed to do and the output from the machine is actionable data, in other words, data that can be used to take strategic or tactical decisions, positively impacting the bottom line. ![]() Data mining is the activity that a business engages in to find meaningful information from all the sources of data it can provision-loosely termed as raw data, employing intelligent and scientific techniques, also called algorithms. Data mining is a specialist space in the field of business analytics.
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