Glossary definition: Data Mining

Data Mining: Uncovering Hidden Insights in Data

Data Mining is the process of extracting meaningful information from large amounts of data. It is a type of analysis that uses sophisticated algorithms and software to uncover hidden patterns, correlations, and other insights from large datasets. Data Mining is used to uncover trends, customer preferences, and customer segmentation, as well as to predict future outcomes and behaviors. Data Mining helps organizations to make better decisions, improve customer service, increase efficiency, and optimize operations. Data Mining can be used in a variety of industries, including healthcare, finance, marketing, and retail. Data Mining techniques include clustering, classification, association, and anomaly detection.