What is Data Mining in an AI workplace?
Data mining is the process of discovering patterns, anomalies, and relationships in large datasets. AI often involves using machine learning algorithms to extract meaningful information and insights from complex data.
Benefits of Data Mining
- Uncovers hidden patterns and correlations in data
- Supports predictive modeling and forecasting
- Enhances decision-making through data-driven insights
- Facilitates customer segmentation and targeted marketing
- Aids in fraud detection and risk management
