Cutting costs and increasing revenue is an established goal for all businesses. In order to accomplish this, data must be collected and then analyzed for any readjustments that must be made.That's where data mining comes in handy. So the question is what is data mining and how can it help?
Data mining is the process of finding patterns, trends, and relationships by interpreting raw data into meaningful information. This information can then be used effectively to make key decisions and/or predictions on future sales, inventory levels, customer response, etc.
'Mining' data requires sifting through a diverse field of relational databases for market research, report creation, and report analysis. This in turn can be used to sort and summarize any relations that are derived.
Included in InetSoft's award-winning dashboard solutions and reporting tools are our unique data mining tools which help users effectively analyze data sets. One key feature is our 'brushing' tool, a unique data exploration tool employed only by InetSoft, which allows users to select specific data and drill down by allowing them to have a closer and precise analysis on the chosen data set.