Definition
Sifting through very large amounts of data for useful information. Data mining uses artificial intelligence techniques, neural networks, and advanced statistical tools (such as cluster analysis) to reveal trends, patterns, and relationships, which might otherwise have remained undetected. In contrast to an expert system (which draws inferences from the given data on the basis of a given set of rules) data mining attempts to discover hidden rules underlying the data. Also called data surfing.
Related Articles
- Car Insurance and the Different Types of Policies *
- Credit Default Swaps *
- ETF Wraps *
- Being a Savvy Investor AND a Small Business Owner *
- Introduction to Trading and Types of Orders *
- Common and Preferred Stock *
- Working Less, Retiring Longer *
- Tax Issues Related to Your Business *
Related Videos
http://www.businessdictionary.com/definition/data-mining.html
