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Words: | Submitted: Fri Jan 23 2004
... needs, it is with this in mind that each company strives to compete against their rivals and gain large shares of their market place. Take for example large magazine company Reader's Digest. With a data base that has existed for 40 years and now holds the information of over 100 million families world-wide it can pick out specific details of its clients that it wishes to focus upon and can market to a customer group as little as 20. The company may research its databases to see who has bought a certain line of books for example and then use those customers to focus on the sales of other books by the same author, or maybe a story tape. This makes the customer feel that their needs are being personally catered for. Using data mining in this manner enables Readers Digest to select a potential customer base from a very wide ...
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