What term is used to refer to the way companies collect and process data in order to create new information to make important business decisions?
a
algorithm
b
data mining
c
data washing
d
program

Data mining is used to refer to the way companies collect and process data.  

Explanation:

An algorithm gives an overview picture of how to find a solution step by step. This serve as the base for writing a program. A program will not help in data collection because, it can only do whatever instruction falls under the program file.”Data washing” is once again invalid in this context.  

Data mining is a process of examining data to find a new information. It’s a process of extracting usable data from huge number of data. It is used to discover patterns and relationship between data.

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