Rajeev Srivastava, Assistant Professor at the School of Business, UPES, Dehradun. “The major reason that data mining has attracted a great deal of attention in the information industry in recent years is due to the wide availability of huge amounts of data and the imminent need for turning such data into useful information and knowledge,” says Dr. The fast-paced rate at which big data and data warehousing technology has evolved over the past few decades has only accelerated this process of adoption of data mining tools and techniques. Studying the data to uncover themes, trends or patternsīuilding models to help explain the data and verify the patternsĪpplying the models to make new predictionsĭata mining is being used across economic sectors today by companies large and small to make better and prompt decisions. There are primarily three steps involved in process of data mining mainly involves three steps: Also Read: 15+ Courses for Learning Data Mining
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