Discussion Question 1: Define data mining. Why are there many names and definitions for data mining?Discussion Question 2: What are the main reasons for the recent popularity of data mining?Discussion Question 3: Discuss what an organization should consider before making a decision to purchase data mining software.Discussion Question 4: Distinguish data mining from other analytical tools and techniques.Discussion Question 5: Discuss the main data mining methods. What are the fundamental differences among them?Exercise #1: Visit teradatauniversitynetwork.com. Identify case studies and white papers about data mining. Describe recent development in the field of data mining and predictive modeling.