Effective Use of Data Mining in Banking

Data mining is one of the tasks in the process of knowledge discovery from the database. In the corporate world every organization is competing the other organization in terms of their value towards the business and the financial growth. Apart from execution of business processes, the creation of knowledge base and its utilization for the benefit of the organization is becoming a strategy tool to compete. In this paper we discuss about the basic details of data mining and the the use of knowledge discovery process and the new techniques from the business point of view.In our approach we make an efficient system so that the organization will get the right information at the right time and right to access the necessary information for their growth.The growth of the organization depends on the quality of service, competing with the other organizations,provide required information to the customers,satisfaction of the employees working in the organization.