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Applications of Data Mining (Financial Data Analysis (Increase customer…
Applications of Data Mining
Financial Data Analysis
Increase customer loyalty
Loan payment prediction and customer credit policy analysis
Targeted marketing
Detection of money laundering and other financial crimes
Detect suspicious activities
Retail Industry
Analysis of sales campaigns
Customer Retention
Product recommendation and cross-referencing of items
Market Basket analysis
Identify customer’s behavior
Telecommunication Industry
Increases customer loyalty
Improve profitability
Developing appropriate marketing campaigns and pricing strategies
Biological Data Analysis
Analysis of genetic networks and protein pathways
Association and path analysis
Visualization tools in genetic data analysis
Alignment, indexing, similarity search and comparative analysis multiple nucleotide sequences
Intrusion Detection
Data mining algorithm for intrusion detection
Analysis of Stream data
Healthcare
Discovers the relationships between diseases and the effectiveness of treatments
Supports healthcare insurers in detecting fraud and abuse
Communication Systems
Speech recognition
Image analysis
Facial recognition
Education
Predict students’ future learning behavior
Predict the results of the student
Learning pattern of the students
Develop techniques to teach
Manufacturing Engineering
Predict the product development span time, cost
Extract the relationships between product architecture, portfolio