What Are the Benefits of Data Mining

question 68

Short Answer

What are the benefits of data mining?

---

Definitions:

Data Mining

The process of analyzing large datasets to discover patterns, trends, and relationships that can inform decision making or predict future outcomes.

Data Mining

The process of discovering patterns, anomalies, and correlations within large data sets to predict outcomes, using a variety of techniques including machine learning, statistics, and database systems.

Analytics

The systematic computational analysis of data or statistics.

Aggregating

The process of combining multiple pieces of data together to form a summary or a whole.