Question

The process of extracting valid, useful, unknown info from data to make proactive knowledge driven business is called?

Answer 1

Data mining refers to the process where it is specifically designed that helps in exploring data.

How gold is mined from the earth, in a similar way, an important task in data mining is to extract non-trivial data through large amounts of data.

Extracting knowledge therefore can become a crucial part in analysis known as modelling.