A resident of Sydney, Australia, Nick Catsaras is a versatile professional and entrepreneur in the technology and medicine fields. In addition to acting as a private investor in financial markets, he manages Pegasus Research, a trading company that works with statistical and market analysis. At Pegasus Research, Nick Catsaras applies his knowledge to perform data mining and algorithmic data analysis.
Roughly, data mining is the process of turning raw data into categorized information that can be used for a variety of purposes. Typically, companies that mine data have software that searches for patterns within large batches of raw data and compiles all the useful information in simple spreadsheets or databases.
Data mining is widely used because it provides numerous benefits for businesses, such as automated prediction of behaviors and trends. With the help of software, the process can analyze a large dataset at high speed, discovering hidden patterns that may not be readily obvious. Many models and techniques of data mining can be used to simplify complex data and make it easier to understand. It is also possible to quickly implement the process on a new system or existing platform. In addition to financial analysis, data mining has applications in industries including healthcare, marketing, and criminology.
