Data Mining (Emerging Industry Overview)

This paper provides an overview of the data mining industry, primarily in the United States. Data mining is a process in which special software applications are used to analyze multiple sets of information and find patterns or relationships between them.

Emerging Industry Overview: Data Mining

Industry Snapshot

Data mining is a process in which special software applications are used to analyze multiple sets of information and find patterns or relationships between them. Once patterns or links have been established between information sets (normally large databases), data mining techniques enable users to make informed decisions or predictions based on the results of their analyses.

Data mining applications use algorithms to produce desired results. Simply stated, an algorithm is a problem-solving method that uses a sequence of steps or actions to achieve an objective. In recent years, this software classification has grown...

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