Data refers to raw facts and figures that require processing to yield meaningful insights, and data mining is the technique used to analyze these data sets to uncover patterns and trends. The data mining process includes data pre-processing, extraction, and evaluation, and it can be applied across various domains such as finance, healthcare, and marketing. Key benefits of data mining include improved decision-making, increased efficiency, and enhanced customer service.
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF or read online on Scribd
0 ratings0% found this document useful (0 votes)
24 views29 pages
DM Mod1
Data refers to raw facts and figures that require processing to yield meaningful insights, and data mining is the technique used to analyze these data sets to uncover patterns and trends. The data mining process includes data pre-processing, extraction, and evaluation, and it can be applied across various domains such as finance, healthcare, and marketing. Key benefits of data mining include improved decision-making, increased efficiency, and enhanced customer service.