data-mining

Vocabulary Word

Definition

Data-mining is when you analyze large amounts of data to discover useful patterns, trends, or associations. It's like searching for gold in large amounts of soil - it helps in decision-making.

Examples in Different Contexts

In content creation, data-mining can reveal popular trends. A content strategist might say, 'Data-mining showed that articles on sustainability attract the most readers.'

Practice Scenarios

Business

Scenario:

Our bank has been sitting on terabytes of unexamined data. It seems like there's a golden opportunity lying therein.

Response:

This could be the right time to engage in data-mining to uncover hidden patterns related to credit risk within our data.

Academics

Scenario:

The results of our study seem inconsistent. Collecting more patient data and analyzing it might provide us with some insights.

Response:

Data-mining could offer us useful insights into patient recovery trends from the additional data.