The importance of data mining in business is that it is used to turn raw data into meaningful, consumable, actionable insights. Therefore, in this article, we’ll be articulating topics that relate to data mining and business intelligence, the importance of data mining, and how it is carried out to ensure seamless revenue flows. It helps in future road mapping, product development, and umpteen business processes that keep the profit-wheel rolling. Just as finding the right product-market-fit is important for enterprises, so is data mining for business intelligence for a future-ready, self-sustaining venture. Data availability cuts short the learning tangent for us in problem-solving. Climate change, business failures, epidemics, and crop production, all can be understood with the right set of data insights. And although it may incite fanciful scenarios to mind with a mere mention, the truth is data is key to unlocking human productivity in every sphere of life. Data is the life-powering proverbial blood that empowers the corporate economy of the 21st century.
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