The ESPRIT project creditMine and its relevance for the internet market

Abstract

Data mining technology although it is considered as state-of-the-art it is still an embryonic technology employed only by the group of early adopters. Till now very few organisations have made the big investment in bringing together their corporate data in a data warehouse type environment for the purpose of data mining. Only large and wealthy companies have experimented with such methodologies and the outcomes of their efforts were not disclosed, as it was considered confidential material. Thus there is currently a lack of information concerning the effectiveness of such investments. The aim of the project is to provide decision support for companies, especially in the banking sector for investment in data mining.