The process business use to uncover new insights in data that can lead to substantial savings and/or revenue growth opportunities is called:
A) data processing.
B) data management.
C) data mining.
D) transaction processing.
E) information management.

Question

Quizplus · Accepted Answer

The process of uncovering new insights in data that can lead to substantial savings and/or revenue growth opportunities is called data mining. This involves using statistical analysis, machine learning algorithms, and other techniques to identify patterns, trends, and correlations in large datasets. Data processing and transaction processing are more focused on managing and processing data rather than uncovering insights, while data management and information management are broader terms that encompass a range of activities related to the storage, organization, and use of data.

The Process Business Use to Uncover New Insights in Data