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Computers analysing personal information, I have nothing to add these guys…
Computers analysing personal information
data mining in science and medicine
Data mining holds great potential for the healthcare industry to enable health systems to systematically use data and analytics to identify inefficiencies and best practices that improve care and reduce costs.
Some experts believe the opportunities to improve care and reduce costs concurrently could apply to as much as 30% of overall healthcare spending.
Data mining could help uncover drug side effects before they cause serious harm to patients
Data Mining Techniques
Building a customer profile
By using web analytics tools such as Google analytics, a company can work out what types of people visit their website, so they can make more informed decisions on what products they promote over others
Companies can also manage the amount of stock will be required by looking at a user's past spending habits, to see if there are any correlations, i.e. at the start of the month the user always buys 2 packs of Philadelphia, so the business knows that the user will need 2 packs per month and can buy stock to compensate
https://wisdomplexus.com/blogs/data-mining-pros-cons/
Data mining in healthcare
In healthcare, data mining has proven effective in areas such as predictive medicine, customer relationship management, detection of fraud and abuse, management of healthcare and measuring the effectiveness of certain treatments.
In the healthcare industry specifically, data mining can be used to decrease costs by increasing efficiencies, improve patient quality of life, and perhaps most importantly, save the lives of more patients.
Measuring Treatment Effectiveness – This application of data mining involves comparing and contrasting symptoms, causes and courses of treatment to find the most effective course of action for a certain illness or condition. For example, patient groups who are treated with different drug regimens can be compared to determine which treatment plans work best and save the most money. Furthermore, the continued use of this application could help standardize a method of treatment for specific diseases, thus making the diagnosis and treatment process quicker and easier.
https://www.informationweek.com/healthcare/patient-tools/medical-data-mining-strengthens-drug-safety/d/d-id/1097759
By applying research/ data mining to medical articles and documents the researchers were able to uncover completly unseen and unrecorded evidence about medicines
advantages
Create faster and more efficient data entry
Make data processing more relevant.
Increases website optimization
It helps to measure relevant factors
creates less work for the person so its alot easier
Could be used to find criminal activity
disadvantages
It violates user privacy; it lacks in the matters of safety and security of its users
See Cambridge Analytica scandal
Additional irrelevant information
Accuracy of data
Can be used to manipulate people by using targeted ads, based on their profile
Tracking software could be misused
Data Mining
Application software sorts the data, the end result presents the data in an easy to share format, such as a graph or table
Business analysts, management teams and information technology professionals access and organize it
First, organizations collect data and load it into their data warehouses. Next, they store and manage the data, either on in-house servers or the cloud.
Data mining is the process of finding anomalies, patterns and correlations within large data sets to predict outcomes. Using a broad range of techniques, you can use this information to increase revenues, cut costs, improve customer relationships, reduce risks and more.
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