Data mining is the process of sorting through large data sets to identify patterns and establish relationships to solve problems through data analysis. Data mining tools allow enterprises to predict future trends. There are four stages of data mining.
- Data Sources: These range from databases to news wires, and are considered a problem definition.
- Data exploration/Gathering: This stage involves the sampling and transformation of data.
- Modeling: Users create a model, test it, and then evaluate it.
- Deploying models: In this step an action will be taken based on the results from the models.