Importance of Data Mining with Different Types of Data Applications and Challenging Areas

Data mining is an increasingly popular set of tools for dealing with large amounts of data, often collected in \ud haphazard fashion with many missing values. This type of huge amount of data’s are available in the form of \ud tera- to peta-bytes which has drastically changed in the areas of science and engineering. To analyze, manage \ud and make a decision of such type of huge amount of data there are need to techniques called the data mining \ud which will transforming in many fields. In Data Mining data sets will be explored to yield hidden and unknown \ud predictions which can be used in future for the efficient decision making. Data Mining that involves pattern \ud recognition, mathematical and statistical techniques to search data Warehouses and help the analyst in \ud recognizing significant trends, facts relationships and anomalies. In this paper we discuss the importance of \ud data mining , different challenging areas and application areas in data mining