Description: Online data mining is the process of extracting data in real-time as it is generated, allowing organizations to analyze and utilize fresh and relevant information for decision-making. This approach relies on the collection and analysis of large volumes of data that flow continuously from various sources, such as social networks, online transactions, and Internet of Things (IoT) devices. Unlike traditional data mining, which focuses on static datasets, online data mining adapts to the dynamic nature of modern information, facilitating the identification of patterns and trends in real-time. Key features of this process include the ability to handle unstructured data, the integration of machine learning algorithms, and the use of visualization techniques to present findings in an understandable manner. The relevance of online data mining lies in its ability to provide businesses with a competitive edge by enabling them to quickly react to changes in the market and consumer behavior, thereby optimizing their strategies and operations.
