Data Mining

The amount of data in the world in exploding. As more data becomes available, the ability to decipher that data will become more important.

"Credit card companies monitor every purchase and can identify fraudulent ones. Insurance firms are also good at combining clues to spot suspicious claims. Supermarkets can tailor promotions to particular customers' preferences. The oil industry uses supercomputers to trawl seismic data before drilling wells."

From health care to law enforcement, the digital world is uniting around better data mining tools. The potential of these products will help shape new industries and products. Just as impressive is the advent of information created and view via mobile phones. This source of data will require even more data to understand. … "Data Mining" has a significant impact, so an analyst should put more weight into it. "Data Mining" will have a long-term positive impact on the this entity, which adds to its value.