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MIS 440 Colorado State University Global Week 5 Cluster Analysis Paper
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Option #1: Cluster Analysis—Paper
Your CIO recently attended a conference on data mining. She was particularly interested in the suitability of cluster analysis in your organization. She is interested in what areas of your business could benefit from conducting cluster analysis. You are tasked with preparing a paper for your CIO that covers the following areas:
- Briefly describe the cluster algorithms suitable for your organization, which is a mortgage lending company.
- Identify which areas of the business could benefit from cluster analysis and why.
- Identify which clustering algorithms the organization should consider using.
- Describe the business benefits the organization could realize from conducting cluster analysis.
- Describe any challenges the organization should expect when conducting cluster analysis.
