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Knowledge Management - Data mining

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1. Define data mining. Why are there many names and definitions for data mining?

2. What are the main reasons for the recent popularity of data mining?

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Data mining is a process of digging through and analyzing huge data sets to uncover or identify trends, patterns and meaning from such data sets. Data mining is done through software tools and allows organizations to make informed decisions and forecasts by identifying and analyzing trends and hidden patterns in the data.

Data mining has become a buzzword and is referred to any type ...

Solution Summary

Discusses data mining and main reasons for its popularity.