Data mining is sorting out data in order to identify patterns inside data set and establishing relationships.
Data mining include:
- Association - looking for patterns where one event is connected to another aka “path analysis” or where one event leads to another later event
- Classification - creating new patterns and resulting in a change in the way the data is organized
- Clustering – finding and visually documenting groups of facts not previously known
- Forecasting - discovering patterns in data that can lead to reasonable predictions about the future aka “predictive analytics”
Data mining standards are available here: http://www.dmg.org/