• Title/Summary/Keyword: Mining techniques

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Applications of the Text Mining Approach to Online Financial Information

  • Hansol Lee;Juyoung Kang;Sangun Park
    • Asia pacific journal of information systems
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    • v.32 no.4
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    • pp.770-802
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    • 2022
  • With the development of deep learning techniques, text mining is producing breakthrough performance improvements, promising future applications, and practical use cases across many fields. Likewise, even though several attempts have been made in the field of financial information, few cases apply the current technological trends. Recently, companies and government agencies have attempted to conduct research and apply text mining in the field of financial information. First, in this study, we investigate various works using text mining to show what studies have been conducted in the financial sector. Second, to broaden the view of financial application, we provide a description of several text mining techniques that can be used in the field of financial information and summarize various paradigms in which these technologies can be applied. Third, we also provide practical cases for applying the latest text mining techniques in the field of financial information to provide more tangible guidance for those who will use text mining techniques in finance. Lastly, we propose potential future research topics in the field of financial information and present the research methods and utilization plans. This study can motivate researchers studying financial issues to use text mining techniques to gain new insights and improve their work from the rich information hidden in text data.

Design of Manufacturing Data Analysis System using Data Mining Techniques (데이터마이닝 기법을 이용한 생산데이터 분석시스템 설계)

  • Lee H.W.;Lee G.A.;Choi S.;Park H.K.;Bae S.M.
    • Proceedings of the Korean Society of Precision Engineering Conference
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    • 2006.05a
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    • pp.611-612
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    • 2006
  • Many data mining techniques have been proved useful in revealing important patterns from large data sets. Especially, data mining techniques play an important role in a customer data analysis in a financial industry and an electronic commerce. Also, there are many data mining related research papers in a semiconductor industry and an automotive industry. In addition, data mining techniques are applied to the bioinformatics area. To satisfy customers' various requirements, each industry should develop new processes with more accurate production criteria. Also, they spend more money to guarantee their products' quality. In this manner, we apply data mining techniques to the production-related data such as a test data, a field claim data, and POP (point of production) data in the automotive parts industry. Data collection and transformation techniques should be applied to enhance the analysis results. Also, we classify various types of manufacturing processes and proposed an analysis scheme according to the type of manufacturing process. As a result, we could find inter- or intra-process relationships and critical features to monitor the current status of the each process. Finally, it helps an industry to raise their profit and reduce their failure cost.

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Improving Process Mining with Trace Clustering (자취 군집화를 통한 프로세스 마이닝의 성능 개선)

  • Song, Min-Seok;Gunther, C.W.;van der Aalst, W.M.P.;Jung, Jae-Yoon
    • Journal of Korean Institute of Industrial Engineers
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    • v.34 no.4
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    • pp.460-469
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    • 2008
  • Process mining aims at mining valuable information from process execution results (called "event logs"). Even though process mining techniques have proven to be a valuable tool, the mining results from real process logs are usually too complex to interpret. The main cause that leads to complex models is the diversity of process logs. To address this issue, this paper proposes a trace clustering approach that splits a process log into homogeneous subsets and applies existing process mining techniques to each subset. Based on log profiles from a process log, the approach uses existing clustering techniques to derive clusters. Our approach are implemented in ProM framework. To illustrate this, a real-life case study is also presented.

Enhanced Hybrid Privacy Preserving Data Mining Technique

  • Kundeti Naga Prasanthi;M V P Chandra Sekhara Rao;Ch Sudha Sree;P Seshu Babu
    • International Journal of Computer Science & Network Security
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    • v.23 no.6
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    • pp.99-106
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    • 2023
  • Now a days, large volumes of data is accumulating in every field due to increase in capacity of storage devices. These large volumes of data can be applied with data mining for finding useful patterns which can be used for business growth, improving services, improving health conditions etc. Data from different sources can be combined before applying data mining. The data thus gathered can be misused for identity theft, fake credit/debit card transactions, etc. To overcome this, data mining techniques which provide privacy are required. There are several privacy preserving data mining techniques available in literature like randomization, perturbation, anonymization etc. This paper proposes an Enhanced Hybrid Privacy Preserving Data Mining(EHPPDM) technique. The proposed technique provides more privacy of data than existing techniques while providing better classification accuracy. The experimental results show that classification accuracies have increased using EHPPDM technique.

Biomedical Ontologies and Text Mining for Biomedicine and Healthcare: A Survey

  • Yoo, Ill-Hoi;Song, Min
    • Journal of Computing Science and Engineering
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    • v.2 no.2
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    • pp.109-136
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    • 2008
  • In this survey paper, we discuss biomedical ontologies and major text mining techniques applied to biomedicine and healthcare. Biomedical ontologies such as UMLS are currently being adopted in text mining approaches because they provide domain knowledge for text mining approaches. In addition, biomedical ontologies enable us to resolve many linguistic problems when text mining approaches handle biomedical literature. As the first example of text mining, document clustering is surveyed. Because a document set is normally multiple topic, text mining approaches use document clustering as a preprocessing step to group similar documents. Additionally, document clustering is able to inform the biomedical literature searches required for the practice of evidence-based medicine. We introduce Swanson's UnDiscovered Public Knowledge (UDPK) model to generate biomedical hypotheses from biomedical literature such as MEDLINE by discovering novel connections among logically-related biomedical concepts. Another important area of text mining is document classification. Document classification is a valuable tool for biomedical tasks that involve large amounts of text. We survey well-known classification techniques in biomedicine. As the last example of text mining in biomedicine and healthcare, we survey information extraction. Information extraction is the process of scanning text for information relevant to some interest, including extracting entities, relations, and events. We also address techniques and issues of evaluating text mining applications in biomedicine and healthcare.

Current Status and Trend of Data Mining Techniques (데이터 마이닝 기법의 현황 및 추세)

  • 오승준;송영덕;오민근
    • KSCI Review
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    • v.8 no.2
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    • pp.67-74
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    • 2001
  • Recent times have seen an explosive growth in the availability of various kinds of data. It has resulted in an unprecedented opportunity to develop automated data-driven techniques of extracting useful knowledge. Data mining. an important step in this process of knowledge discovery consists of methods that discover interesting. non-trivial and useful Patterns hidden in the data In this paper. we surveyed data mining techniques. We find effective data mining techniques in applying real world. and suggest appropriate application area for the each techniques. We conclude the Paper with some research issues.

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Artificial Intelligence and Pattern Recognition Using Data Mining Algorithms

  • Al-Shamiri, Abdulkawi Yahya Radman
    • International Journal of Computer Science & Network Security
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    • v.21 no.7
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    • pp.221-232
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    • 2021
  • In recent years, with the existence of huge amounts of data stored in huge databases, the need for developing accurate tools for analyzing data and extracting information and knowledge from the huge and multi-source databases have been increased. Hence, new and modern techniques have emerged that will contribute to the development of all other sciences. Knowledge discovery techniques are among these technologies, one popular technique of knowledge discovery techniques is data mining which aims to knowledge discovery from huge amounts of data. Such modern technologies of knowledge discovery will contribute to the development of all other fields. Data mining is important, interesting technique, and has many different and varied algorithms; Therefore, this paper aims to present overview of data mining, and clarify the most important of those algorithms and their uses.

Analyzing Production Data using Data Mining Techniques (데이터마이닝 기법의 생산공정데이터에의 적용)

  • Lee H.W.;Lee G.A.;Choi S.;Bae K.W.;Bae S.M.
    • Proceedings of the Korean Society of Precision Engineering Conference
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    • 2005.06a
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    • pp.143-146
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    • 2005
  • Many data mining techniques have been proved useful in revealing important patterns from large data sets. Especially, data mining techniques play an important role in a customer data analysis in a financial industry and an electronic commerce. Also, there are many data mining related research papers in a semiconductor industry and an automotive industry. In addition, data mining techniques are applied to the bioinformatics area. To satisfy customers' various requirements, each industry should develop new processes with more accurate production criteria. Also, they spend more money to guarantee their products' quality. In this manner, we apply data mining techniques to the production-related data such as a test data, a field claim data, and POP (point of production) data in the automotive parts industry. Data collection and transformation techniques should be applied to enhance the analysis results. Also, we classify various types of manufacturing processes and proposed an analysis scheme according to the type of manufacturing process. As a result, we could find inter- or intra-process relationships and critical features to monitor the current status of the each process. Finally, it helps an industry to raise their profit and reduce their failure cost.

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A Framework for Web Log Analysis Using Process Mining Techniques (프로세스 마이닝을 이용한 웹 로그 분석 프레임워크)

  • Ahn, Yunha;Oh, Kyuhyup;Kim, Sang-Kuk;Jung, Jae-Yoon
    • Journal of Information Technology and Architecture
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    • v.11 no.1
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    • pp.25-32
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    • 2014
  • Web mining techniques are often used to discover useful patterns from data log generated by Web servers for the purpose of web usage analysis. Yet traditional Web mining techniques do not reflect sufficiently sequential properties of Web log data. To address such weakness, we introduce a framework for analyzing Web access log data by using process mining techniques. To illustrate the proposed framework, we show the analysis of Web access log in a campus information system based on the framework and discuss the implication of the analysis result.

Applications of Data Mining Techniques to Operations Planning for Real Time Order Confirmation (실시간 주문 확답을 위한 데이터 마이닝 기반 운용 계획 모델)

  • Han Hyun-Soo;Oh Dong-Ha
    • Korean Management Science Review
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    • v.21 no.3
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    • pp.101-113
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    • 2004
  • In the rapidly propagating Internet based electronic transaction environment. the importance of real time order confirmation has been more emphasized, In this paper, using data mining techniques, we develop intelligent operations decision model to allow real time order confirmation at the time the customer places an order with required delivery terms. Among various operation plannings used for order fulfillment. mill routing is the first interface decision point to link the order receiving at the marketing with the production planning for order fulfillment. Though linear programming based mathematical optimization techniques are mostly used for mill routing problems, some early orders should wait until sufficient orders are gathered for optimization. And that could effect longer order fulfillment lead-time, and prevent instant order confirmation of delivery terms. To cope with this problem, we provide the intelligent decision model to allow instant order based mill routing decisions. Data mining techniques of decision trees and neural networks. which are more popular in marketing and financial applications, are used to develop the model. Through diverse computational trials with the industrial data from the steel company. we have reported that the performance of the proposed approach is effective compared to the present heuristic only mill routing results. Various issues of data mining techniques application to the mill routing problems having linear programming characteristics are also discussed.