Data Mining Information - The Data Mine Welcome to The Data Mine, established in 1994 to provide high quality information about Data Mining and Knowledge Discovery. In essence, Data Mining is the use of computers to help make sense of information. Typically, special techniques are used to find patterns in data. For more detail see this good overview article on Data Mining. Data Mining Software We maintain a List of Data Mining Software.
On the positive side, there are indications Acxiom doesn't engage in racial profiling: The company predicts I have a 13.6 percent probability of interest in regularly going to a bar. I asked Hargreaves, the professor, if this seemed a statistically reasonable estimate for an Irish journalist. After she stopped laughing, Hargreaves said accurate predictions hinged on the raw data on which the profile is based.
"There is one vital difference between gambling and investing. You cannot logically explain why, for example, a given set of cards turned out in a game of poker, but you can work backwards and explain why a stock had to fall. And I think here there is a trap is for unwitting investors. Because the past can be analysed and explained, we think the future can be too." Either Elon Musk does it and electric becomes mainstream or he doesn't quite get there and someone else will follow the template.