Data mining for financial decision making

摘要

As information-intensive organizations transform themselves from passive collectors to active explorers and exploiters of data, they face a serious challenge: How can they benefit from increased access to information to better understand their markets, customers, suppliers, operations, and internal business processes? Responding to this challenge, the field of data mining has emerged. It focuses on the process of discovering valid, comprehensible, and potentially useful knowledge from large data sets with the goal to act on this knowledge in decision making. Data mining integrates concepts from modern statistics, intelligent information systems, machine learning, pattern recognition, decision theory, data engineering, and database management. It provides powerful tools that can reveal complex and hidden relationships in large amounts of data. Data mining already has a major impact on business and finance.