3 years ago

Category: Software, Business, Database, Security, Data, automation, machine-learning, artificial-intelligence

In the last decade, advances in processing power and speed have allowed us to move from tedious and time-consuming manual practices to fast and easy automated data analysis. Retailers, banks, manufacturers, healthcare companies, etc., are using data mining to uncover the relationships between everything from price optimisation, promotions and demographics to how economics, risk, competition and online presence affect their business models, revenues, operations and customer relationships.

In this article, you will learn about the main use cases of data mining and how it has opened up a world of possibilities for businesses.

Data mining is the process of analyzing massive volumes of data to discover business intelligence that helps companies solve problems, mitigate risks, and seize new opportunities.Data mining, also called knowledge discovery in databases, in computer science, the process of discovering interesting and useful patterns and relationships in large volumes of data.

These are some uses cases and examples of data mining in current industry: You can use data mining to solve almost any business problem that involves data, including: Organizations can get started with data mining by accessing the necessary tools.