Data Mining History

For millennia, people have excavated places to find hidden mysteries. "Knowledge
discovery in databases" refers to the act of sifting through data to uncover hidden
relationships and forecast future trends. In the 1990s, the phrase "data mining" was
invented. Data mining emerged from the convergence of three scientific disciplines:
artificial intelligence, machine learning, and statistics.

Artificial intelligence is the human-like intelligence demonstrated by software and

machines,  machine learning is the term used to describe algorithms that can learn
from data to create predictions, and statistics is the numerical study of data
correlations.

Data mining takes advantage of big data's infinite possibilities and inexpensive
processing power. Processing power and speed have grown significantly in the
recent decade, allowing the globe to undertake rapid, easy, and automated data
analysis.

Data Mining Steps

When asking “what is data mining,” let’s break it down into the steps data
scientists and analysts take when tackling a data mining project.

1. Understand Business 

What is the company’s current situation, the project’s objectives, and what defines
success?

2. Understand the Data

Figure out what kind of data is needed to solve the issue, and then collect it from the
proper sources.

3. Prepare the Data

Resolve data quality problems like duplicate, missing, or corrupted data, then prepare

the data in a format suitable to resolve the business problem.

4. Model the Data

Employ algorithms to ascertain data patterns. Data scientists create, test, and
evaluate the model.