ANALYZING REAL TIME DATASETS BY USING DATA MINING TECHNIQUES

With the advancement of information technology the the data has also increased. Data
can be images, audio, documents, video or any form of scientific data. In order to extract useful
information from all these types of data a proper mechanism is needed. This is where data
mining comes in. Data mining is mining the data to find patterns, anomalies and correlations in a
given dataset. The data mining begins with preparing data to build a model. The model may be
based on classification of data, clustering of data, regression analysis, by association of the items,
by sequential patterns, through prediction and by outer detection. Finally, the data is deployed.
With the advent of various data mining tools, it is made easier.

Five Exabyte of data is created every 2 days. This massiveness of data is challenging and
has led to real time analytics and data streaming. Real time data sets include data from a retail
store, library, banks, hospitals to click streams in a web page, call records, monitoring of network
and posts in social media. These data arrive can arrive at high speed. They bring about the
challenge of constraints of space and time. They also tend to change with time in the perspective
of their nature or distribution.

Mining the real time data sets creates a good quality of information and it sees a
continuous growth. The functionality of data mining in analyzing the real time datasets lies with
extracting useful information from nuggets of data from large datasets and finding a meaningful
pattern to give meaningful information. These bring visualization of data through pattern
recognition, machine learning and statistics.

The advantages of analyzing the real time dataset include data visualization, business
insights and increased competitiveness. Data visualization allows the person to stream the data
and it can be visualized as to what is occurring every moment. Business insight combines data
and analysis to understand what the situation is. Increased competitiveness is discerning the
trends and benchmarks allowing data to surpass competitors who still are using batch analysis.
Analyzing real time dataset will get a timely response with quality information.