Data mining is a process of discovering patterns, trends, and insights from large datasets using various techniques, including machine learning, statistics, and database systems. It involves extracting valuable information from data to uncover hidden patterns that can be used for decision-making and predictive analysis. One common example of data mining is market basket analysis, where retailers analyze customer purchase patterns to identify products that are frequently bought together. This information can then be used for targeted marketing strategies or shelf placements. In data mining, algorithms like clustering, classification, regression, and association rule mining are often used to uncover patterns in the data. These algorithms help in predicting future trends, behavior, and outcomes based on historical data. Overall, data mining plays a crucial role in various fields such as business intelligence, healthcare, finance, and marketing by enabling organizations to make data-driven decisions and gain competitive advantages.

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What is data mining?