Graph of the hard drive memory density from 1956 to present. Industry itself is who is culpable, reacting to a rapidly changing business environment. A number of these terms have taken on special meaning, so we examine them more closely to get a better idea of what this definition means. By data , we mean, almost always, a relational database system. Further more, these records, likewise, are quite wide, e.g. Walmart has upwards of one million products with descriptions.
Pattern is less well-defined and sought either positively or negatively.
Validity and novelty speak to how potentially useful the information is. Validity is a real concern, since there is not any means of verifying the newly discovered information. Certainly, in the confines of real-world use, noise is a ubiquitous problem. Understandable speaks mostly to the business component of this area. Lastly, process is more of an apologia about current state of affairs than anything else.