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Which of the following best describes the concept of “data mining”?
Data mining involves using various techniques to discover patterns, relationships, and valuable insights from large datasets. It helps organizations make informed decisions and identify trends that may not be apparent through traditional methods.
True or False: Big data refers to datasets that are too large to be processed and analyzed by traditional data processing applications.
While correlation between two variables suggests that they may have a statistical relationship, it does not prove causation. Establishing causation requires careful analysis, experimentation, and consideration of other confounding factors.
Which of the following is NOT a challenge in harnessing the power of big data?