1) The document discusses mining data streams using an improved version of McDiarmid's bound. It aims to enhance the bounds obtained by McDiarmid's tree algorithm and improve processing efficiency.
2) Traditional data mining techniques cannot be directly applied to data streams due to their continuous, rapid arrival. The document proposes using Gaussian approximations to McDiarmid's bounds to reduce the size of training samples needed for split criteria selection.
3) It describes Hoeffding's inequality, which is commonly used but not sufficient for data streams. The document argues that McDiarmid's inequality, used appropriately, provides a more efficient technique for high-speed, time-changing data streams.