Question: The President of the University has approached you, a professor who teaches a data mining class. He has heard about this incredible tool called data mining. He does not know much about the technology but he has decided to mine all of the databases in the university to gain "actionable knowledge" and wants you to be the project chief.
Describe your response to him. Be sure to address the benefits of data mining in the context of a university including what possible actionable knowledge that can be gained through this exercise. Outline a plan of action for implementing data mining at the university. Discuss all relevant issues and challenges and suggest how to address them. (Note:Any resemblance to real persons, living or dead is purely coincidental.)