BOOK SUMMARY OF MANAGEMENT OF NPAS AND INDIAN BANKING SECTOR
Data Mining is a set of processes related to analyzing and discovering useful,
actionable knowledge buried deep beneath large volumes of dats stores or dats
sets. This knowledge discovery involves finding patterns or behaviors within the
data that lead to some profitable business action. Data Mining requires
generally large volumes of data including history data as well as current data
to explore the knowledge. There are a number of initiatives for the development
of a formal/documented data mining process both in Europe and North America.