Legal Glossary

Definition of Data Mining

The practice of extracting and analyzing data from numerous sources in order to find patterns and trends is known as data mining.

Data must be gathered, cleaned up, transformed, and modelled, and links between various datasets must be found.

Data mining enables you to better understand customer behavior, streamline operational procedures, identify fraud, and forecast the kinds of goods and services that clients might be interested in buying.

Companies can use it to find new market possibilities and potential growth areas.

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