Homework: Data Mining Best Practices
Prior to beginning work on this homework, review Chapter 21 of your textbook.
In this homework, you will analyze current data mining practices and evaluate the pros and cons of data mining. Provide one example of a company that has successfully practiced data mining and discuss why they were successful. Then, research a company that experienced a failed data mining practice. What data mining best practices could they have implemented to avoid this failure?
In your paper,
1. Discuss the industry standards for data mining best practices.
2. Identify pitfalls in data mining, including practices that should be avoided.
3. Provide an example of company that has successfully practiced data mining. What steps and precautions did they take to ensure the success of their data mining endeavor? How did they keep customer data safe?
4. In a second example, research a company that experienced a failed data mining experience. What pitfalls did the organization fall into? What would you have done differently?
Format your homework according to the give formatting requirements:
1. The answer must be double spaced, typed, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the homework, the course title, the student's name, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.