Data Mining by CAMRIS

Data mining technologies are deemed critical to the successful adoption and implementation of knowledge management. For example, data mining extract previously unknowable information from large consolidated databases to identify trends and patterns to support strategic and tactical decision-making. The figure depicts data mining as a major component of a Knowledge Discovery Database process that enhances knowledge-driven decision-making and forecasts the effects.

Knowledge Discovery Database For an example of Data Mining carried out by CAMRIS please click here.

By 2002, a Price Waterhouse survey carried out with 150 top executives in 96 leading companies (83% US, 14% Europe, 3% Asia/Pacific) showed that 82% of surveyed companies said that they were involved in KM activities.