What are the essential elements?

- So why the essential elements of data mining?…What's in a name?…Why data mining?…There is a lot of competition among words…for indicating the concept of finding meaningful…and valuable patterns in data.…Predictive analytics, data science, and big data…are all popular at the moment.…It's an endless debate and never seems to come to closure.…My choice is simple…I use the term data mining…because I use the cross industries standard process…for data mining.…

Which we will discuss in the final section of the course.…It's considered the defact of a standard.…So since it uses the term data mining…so do I.…The essential elements are my attempt…to clarify what data mining is…and what it isn't.…I'm not seeking the platonic form of data mining.…I just want to help give some clarity…where it is often lacking.…There is much confusion surrounding how data mining…is distinct from related areas like statistics…and business intelligence.…

My goal is to clarify the characteristics…of a true data mining project.…By implication, statistical analysis,…