Definition of «data mining»

Data mining is a process used by businesses and organizations to extract valuable information from large datasets. It involves using various software techniques, algorithms, and statistical models to identify patterns, relationships, and trends within the data that can be used for decision making or other purposes such as predictive modeling, customer profiling, and market analysis. The goal of data mining is to discover hidden insights and knowledge from large amounts of data in a rapid and efficient manner. It is commonly used in areas such as business intelligence, scientific research, healthcare, finance, retail, and many others.

Sentences with «data mining»

  • Recently credit card companies have entered into the business of providing consumer information to marketing and data mining firms. (cardrates.com)
  • Advances in data mining make it possible for companies to skirt the federal regulations that make it illegal to discriminate in pricing access to credit based on certain personal attributes. (scientificamerican.com)
  • However, using legal matter management software for data mining is changing this dynamic. (legalfiles.com)
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