Data Mining Techniques and Applications: A Ten-Year Update

Data Mining Techniques and Applications: A Ten-Year Update

Nayem Rahman
DOI: 10.4018/IJSITA.2018010104
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Data mining has been gaining attention with the complex business environments, as a rapid increase of data volume and the ubiquitous nature of data in this age of the internet and social media. Organizations are interested in making informed decisions with a complete set of data including structured and unstructured data that originate both internally and externally. Different data mining techniques have evolved over the last two decades. To solve a wide variety of business problems, different data mining techniques are developed. Practitioners and researchers in industry and academia continuously develop and experiment varieties of data mining techniques. This article provides an overview of data mining techniques that are widely used in different fields to discover knowledge and solve business problems. This article provides an update on data mining techniques based on extant literature as of 2018. That might help practitioners and researchers to have a holistic view of data mining techniques.
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2. Literature Review

Data mining is a vast field of research. Processing, transforming, aggregating, and finding hidden information take a lot to computer applications in terms of algorithms, techniques, and experiments. During the last two decades a good number of research, survey of techniques, and literature review was conducted (Rahman, 2018b). This section of the paper provides an account of those research. In most cases researchers made attempt to conduct such studies on a particular algorithm or data mining technique. This research makes attempt to provide a holistic overview of data mining techniques, some comparative analysis, advantages and limitation, and problem classifications.

Wu et al. (2008) conducted a survey to identify top ten data mining algorithms that are influential in the research community. The authors conducted their survey on ACM KDD Innovation Award and IEEE ICDM Research Contributions Award winners. This is important source of reading most widely used algorithms. Based on their 2006 survey the authors identified ten algorithms which include C4.5, k-Means, SVM, Apriori, EM, PageRank, AdaBoost, kNN, Naive Bayes, and CART. Later Li (2015) provided an explanation to these algorithms and their associated data mining techniques. The author provided examples of real world use of these algorithms in different data mining techniques.

Liao et al. (2012) conducted a survey of past research on data mining techniques and applications. In their survey of papers between 2000 and 2011 the authors identified several key words appeared most as data mining techniques which include decision tree, artificial neural network, clustering, association rule, artificial intelligence, bioinformatics, customer relationship management, and fuzzy logic. The authors also suggested that the fields of social science including psychology, cognitive science, and human behavior might find data mining as an alternative methodology besides qualitative, quantitative, and scientific methods to understand the subject areas.

Prieto et al. (2016) provides an overview of research in neural networks. The authors state that as one of the prominent data mining techniques neural networks technique has acquired maturity and consolidation in solving real world problems. They also point out that neural networks have contributed significantly in the different disciplines including computational neuroscience, neuro-engineering, computational intelligence, and machine learning. The authors also state that several national and multinational project initiatives are underway to understand human brain using neural-network research.

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