Big Data Ethics and Security Risks
Added on 2020-03-07
13 Pages2487 Words86 Views
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Running head: DATA MINING AND BUSINESSData mining and businessName of the StudentName of the UniversityAuthor Note
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1DATA MINING AND BUSINESSExecutive summaryThis report discusses about data mining. The main definitions and its usefulness in businessorganizations or companies are shown here. The report further tells about the privacy, securityand ethical implications of data mining. This report is well addressed with many examples aswell.
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2DATA MINING AND BUSINESSTable of ContentsIntroduction:....................................................................................................................................3Discussion:.......................................................................................................................................3Task 1:.........................................................................................................................................3Data mining in business:..........................................................................................................3Recent news article about data mining:...................................................................................4Task 2:.........................................................................................................................................5Implications:............................................................................................................................5Significance in business:..........................................................................................................7Conclusion:......................................................................................................................................8References:....................................................................................................................................10
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3DATA MINING AND BUSINESSIntroduction:Data mining is a process where patterns in large data sets are discovered by usingmethods of database management system, machine language and statistics. It is a sub section ofcomputer science where the intended goal is the extraction of information from a given data setand transforming it to a simple language intended for future use. Data mining is the next step ofanalysis of the discovery of knowledge in database process. This report consists of the reason for requirements of data mining in business along witha recent example to support the reason. This report also includes the security, ethical and privacyproblems of adopting data mining and some examples to support the statements. Discussion:Task 1:Data mining in business:Data mining is a new and very powerful tool with a potential to help companies orbusiness organizations aim towards the most important aspect about customer behavior andbehavior of new clients. Data mining is a type of discovery of knowledge, which is a computer-operated process, which involves searching of large data sets and finding of patterns andmeaning in those data sets (Larose, 2014). The tools used in data mining processes is used topredict the behaviors and trends in future which helps the company or business organizationsinvolved to make good decisions. Companies or business organizations in almost everyindustries including finance, health, retail and production. By analyzing the data sets by pattern
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