Why Data Mining?
IBM estimates that on average, only 7% of corporate databases are actually used. That leaves 93% of databases untouched and there is, no doubt, a significant amount of useful information there. In the past couple of years, companies have started to use data mining to dig into the rest of the data to better detect fraud, target marketing, and manage different business functions. The Meta Group estimates that the market for data mining products and services was less than $100 million in 1996, but will grow to over $800 million by 2000. Currently, data mining solutions have been developed by large software corporations that have general products, as well as smaller companies that target a unique segment of the data mining market. In the future, it is likely that the larger IT consulting firms may also enter this market as they help companies integrate data mining technologies into existing IT systems. Data Mining Companies & Products This is a comprehensive list of data mining products an
