Knowledge management is a comprehensive tool in that it utilizes all of the knowledge of the organization. It attempts to interconnect databases, document management, business processes, and information systems. It deciphers data that originates from these systems and automates the knowledge extraction.
This knowledge discovery process takes the form of data mining with three main approaches:
- Classification approach — used for pattern discovery and for large databases that need to be condensed to only a few individual records.
- Probabilistic approach — used in planning and control systems, and in applications that involve ambiguity.
- Statistical approach — used to construct rules and generalize patterns in the data.
