[ Thanks to LT for
this link. ]
“The process of extracting patterns from data is called
data mining. It is recognized as an essential tool by modern
business since it is able to convert data into business
intelligence thus giving an informational edge. At present, it is
widely used in profiling practices, like surveillance, marketing,
scientific discovery, and fraud detection.“There are four kinds of tasks that are normally involve in Data
mining:* Classification – the task of generalizing familiar structure
to employ to new data
* Clustering – the task of finding groups and structures in the
data that are in some way or another the same, without using noted
structures in the data.
* Association rule learning – Looks for relationships between
variables.
* Regression – Aims to find a function that models the data with
the slightest error.”