What does "data mining" refer to in technology? 🔊
Data mining refers to the process of analyzing large datasets to discover patterns, trends, and valuable insights. Enterprises utilize various statistical, mathematical, and AI techniques to extract useful information. The ultimate goal is to enhance decision-making, identify customer preferences, and improve operational efficiency. Data mining techniques can be applied in numerous fields such as marketing, finance, and healthcare for predictive analysis and data-driven strategies.
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