Question

the process of extracting valid useful unknown info from data and using it to make proactive knowledge driven business is called

Answer 1

The process of extracting valid useful unknown info from data and using it to make proactive knowledge driven business is called as Data Mining.

This process is entrusted with analysing the different aspects of a dataset and predict the future behaviour of an individual or business firm in certain conditions.

This include Data Mining architecture, techniques and device drivers.

Answer 2

The ‘process of extracting valid’ useful unknown info from ‘data’ and using it to ‘make proactive knowledge-driven business’ is called ‘data mining’.

Explanation:

• The process of ‘data mining’ is a process that is used for extracting data to be used from a large set of raw data.  

• It is the ‘process of evaluating’ or analyzing data in large batches using different forms of software.  

• These methods help in improving customer relationships, cutting costs, increase profit, bring down the risk levels and many other ways.  

• Data mining is also called knowledge discovery in data.

Learn more about data mining

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