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Traditionally, organizations use data tactically — to manage operations. For a competitive edge, strong organizations use data strategically — to expand the business, to improve profitability, to reduce costs, and to market more effectively. Data mining DM creates information assets that an organization can leverage to achieve these strategic objectives. In this article, we address some of the key questions executives have about data mining. These include:. Data mining is a new component in an enterprise's decision support system DSS architecture. It complements and interlocks with other DSS capabilities such as query and reporting, on-line analytical processing OLAP , data visualization, and traditional statistical analysis. These other DSS technologies are generally retrospective.
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