Data Mining - an Instrument Managing the Knowledge Collected for the Enterprise

Managing the knowledge is the hottest topic of concern. This arranging or rearranging of facts is called the information and the processed information is called the knowledge. Acquiring the information can be considered an easy job but how to manage this information, how to refine this information so that it can be helpful in increasing the knowledge, are some of the questions that raise the eyebrows of many knowledge workers. What we are going to discuss in the present paper is the involvement of very innovative decision support tool data mining in managing the knowledge collected for an enterprise. Data mining is an exploratory and predictive data analysis technique. We will also consider some of the applications of data mining in this regard. The reason of using the data mining is that it gives an opportunity to have a deeper insight of various unseen patterns.