data mining

noun

Pronunciation: ˈdeɪtə ˌmaɪnɪŋ

Definition

The computational process of discovering patterns, correlations, and anomalies within large sets of data to extract useful information.

Examples

• Retailers use data mining to predict which products customers are likely to buy next.

• Financial institutions employ data mining techniques to detect fraudulent credit card transactions in real time.

• The research team spent months on data mining to identify trends in global climate change reports.

Synonyms of data mining

Words with a similar meaning to data mining:

• analysis
• analytics
• data dredging
• knowledge discovery

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