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If youve ever been panning for gold, youll know that it takes a lot of time and effort to find even a small nugget. Its estimated that to extract enough go to make a single gold ring, youd need to sort through around twenty six tons of rock and other stuff. Thats a lot to sift through. The same is true when mining data, except the gold is replaced with insights and the panning is replaced with algorithms. So lets talk about it. Data mining. So data mining is the process of extracting valuable information from large datasets, and its used in a variety of industries, from marketing through to health care. And it can help businesses to make more informed decisions. Now, fundamentally, data mining is about processing data and identifying patterns and trends in that information. And when we think about the evolution of things like data warehouses, and when we think about things like just the sheer volume of data, big data. We can really start to see that these sort of data mining tec
