Data Mining is:
A)a technology that is used by large multinational resource companies such as BHP,Rio Tinto and Xstrata
B)declining in popularity with companies due to the emergence of newer technologies.
C)a technology that analyses small pools of internally generated data and identifies possible cost savings.
D)a technology that analyses large pools of data and identifies patterns in them that can then be used by organisations for decision making.

Question

Quizplus · Accepted Answer

Data Mining involves analyzing large pools of data and identifying patterns in them in order to make informed decisions. This technology is widely used by various organizations today. Option A is incorrect because data mining is not limited to resource companies. Option B is incorrect because Data Mining is still popular despite the emergence of newer technologies. Option C is incorrect because Data Mining usually deals with large pools of data.

Data Mining Is