Data Mining: Why Data Mining Is Important Segment Of Web Research?

July 1, 2010 - PRLog -- In other words, to retrieve very crucial data from huge amount of information which is presented in an analyzed form for specific decision making consider as data mining. In the business, most of researcher, analyzer or marketers understand the value of data mining with financial data, but also realize the challenges of leveraging this knowledge to create intelligent, proactive pathways back to the customer.

Data mining include following range of research area of internet market data research such as:
Data Collection or Data Extraction - collecting information based on client requirements from different websites by a manual or automated process.
Creating mailing lists with information like contact name, title, company information, address, telephone, fax, contact email, website etc. for marketing campaigns, and advertisements.
Collecting product details like price, product description, quantity, and images or photos from other websites or product catalogs, and feeding them into content management systems or online portals.
Running customized scripts for data extraction or data capture from websites with huge volume of data which saves time and cost.
Checking for product updates like prices, product availability or product specifications, which change frequently and updating the database of e-commerce websites.
Populating information into desired output formats like MS Excel, MS Access, CSV formats or any other formats according to client requirements.

Data mining itself requires the use of mathematical algorithms and statistical techniques integrated with software tools. Data Mining is used in several applications like market research, consumer behavior, direct marketing, bioinformatics, genetics, text analysis, fraud detection, web site personalization, e-commerce, healthcare, customer relationship management, financial services and telecommunications.

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The company is best known for the accuracy, breadth and convenience of its data, addressing all types of information needs. Our stringent commitment to international standards of quality has been the reason behind our spectacular growth. We are firm believers in investing in the latest technology to provide cutting-edge solutions to our clients.