Data mining involves using computational techniques to discover patterns in large data sets. It is part of the broader knowledge discovery in databases (KDD) process. The presentation discusses data mining tasks like classification, clustering, association rule mining, and summarization. It also covers the advantages of data mining for marketing, finance, manufacturing and governments, as well as the disadvantages of privacy and security issues. In conclusion, data mining can benefit businesses and society by discovering patterns in data, but privacy and security concerns must be addressed.