__________________ is the process of analyzing large sets of data to find patterns, correlation, trends, or other meaningful relationships that can be used to increase revenues, decrease costs, or both.
A) Statistical analysis
B) Data mining
C) Business Intelligence BI)
D) Business analysis

Question

Quizplus · Accepted Answer

Data mining is specifically focused on extracting useful information from large datasets, and is commonly used in business to identify trends, patterns, and other insights that can help increase revenues, decrease costs, or both. While statistical analysis, business intelligence (BI), and business analysis can all be related to data mining, they are broader concepts that can include other methods and approaches beyond just analyzing data.

__________________ Is the Process of Analyzing Large Sets of Data