2. Business UnderstandingΒΆ

This phase aims to understand the project objectives and requirements from a business perspective, converting the knowledge into a data mining problem definition and then developing a preliminary plan to achieve the objectives.

Understanding what the customer really wants to accomplish from a business perspective is very important to find a solution to the problem.

There are several keys steps to develop the business understanding process:

  • determining business objectives

  • assessing the situation

  • determine the data mining goals

  • producing the project plan

Industry_timeline_standards.svg

Generally accepted industry timeline standards