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False, The concepts underpinning data mining are not new, even though the word is. Numerous data mining approaches have their origins in early 1980s research on artificial intelligence and classical statistical analysis.
About Data mining
Data mining is the process of identifying patterns and extracting information from big data sets using techniques that combine machine learning, statistics, & database management systems. With the overarching objective of extracting information (using intelligent methods) from such a data set and structuring the information into an intelligible form for subsequent use, data mining is an emerging branch of computer science & statistics. The analytical stage of a "knowledge discovery in databases" procedure is known as data mining. Along with the raw analysis stage, other components of the process include database and data management, data pre-processing, model & inference considerations, attribute metrics, complexity factors, post-processing of found structures, visualisation, and online updating.
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