The significance of data mining in extracting insights from large datasets lies in its ability to transform raw data into actionable knowledge. By employing advanced analytical techniques, data mining helps identify patterns, correlations, and anomalies that may not be immediately evident. This insight enables businesses to make informed decisions, tailor marketing efforts, and improve customer relationships. Furthermore, data mining plays a crucial role in predictive analytics, allowing organizations to anticipate trends and refine their strategies for better outcomes.