Data mining tools focus on extracting value from all the bits and bytes that fill enterprise databases and stream across various computing devices.

These data analytics tools are considered a subset of the larger universe of Big Data, and they are valuable tools for organizations looking to gain insights into a complex array of events. When data mining is used effectively, organizations discover patterns from various forms of data, both structured and unstructured. The results, using data mining’s analysis and visualization features (increasingly tied into machine learning), guides decision-making in industries such as agriculture, medicine, retailing, and financial services.

The market for data mining tool is red hot: a study from ReportLinker noted that the market will top $1 billion in sales by 2023, up from $591 million in 2018.

What should you know when selecting a data mining tool for your business? Read more: