Data Mining Technology and its Future Prospect

Today, the biggest challenge in the world is the storage of large amount of data available and making use of it which would not have been possible without data mining tools. Data mining technology is becoming very popular day by day as the benefits derived after integrating data mining with present applications is immeasurable. It is the technique of converting huge amount of data to meaningful information. Therefore, it has been very useful nowadays and the benefits it provides cannot be ignored. There are mainly three techniques of implementing data mining namely: automatic cluster detection, neural networks and decision trees which are discussed in detail later. This paper presents how data mining technique evolved and various aspects of data mining like its scope, its applications, architecture and the issues faced.