What does the term 'data mining' refer to in technology? 🔊
The term "data mining" refers to the process of extracting valuable patterns and insights from large sets of data using statistical and computational techniques. In technology, data mining involves analyzing complex data sources to discover trends, correlations, and anomalies that aid decision-making. This practice is widely applied across various fields, such as marketing, finance, and healthcare, to predict consumer behavior, optimize operations, and improve services. Through data mining, organizations can transform raw data into actionable knowledge, leading to enhanced strategic planning.
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