CRISP-DM stands for Cross Industry Standard Process for Data Mining. The CRISP-DM methodology is practical, flexible, and useful when solving business issues with analytics.
The definition of CRISP-DM is a data mining technology or a methodology or a process that helps you or provides you a blueprint to conduct a data mining project. It was implemented in 1996 and was founded by major companies like Daimler Benz, ISL, NCR & OHRA. These companies have actually implemented in around 200 data mining users and tools and then they came up with this model. This is a nonproprietary documented and freely available process that’s what the actually designed, so everybody can use it.
How does it help?
CRISP – DM provides a roadmap, it gives you best practices and it provides you structures for better and faster results of using data mining, so that’s how it helps the business to follow while planning and carrying out a data mining project.
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