As banking industry going into transition of core banking. What and how will be the requirement of data mining? what will be the proper software for that?
Since today's banking business is mostly entirely computerized, there are huge size and kinds of data kept in banks. These data are spreading over and stored in the databases of different sections and departments in banks without well-organized and structured, and usually they cannot provide any meaningful information to the banks.
Through the data-mining the bankers can make best use of the existing databases in hands to find the answers of their questions. These questions may be about the new business opportunities and SWOT analysis, etc. For example, in the search of potential customers, the data-mining usually can provides the sources matching the criteria set by the banks.
Because of varies kinds and complexity of database used by different banks, the data-mining software usually are specifically designed for the bank's use. |
