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Data Mining is a set of processes related to analyzing and discovering useful, actionable knowledge buried deep beneath large volumes of dats stores or dats sets. This knowledge discovery involves finding patterns or behaviors within the data that lead to some profitable business action. Data Mining requires generally large volumes of data including history data as well as current data to explore the knowledge. There are a number of initiatives for the development of a formal/documented data mining process both in Europe and North America. |
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