Business Intelligence using Machine Learning and Data Mining techniques - An analysis

Author(s):  
Ruchi Sharma ◽  
Pravin Srinath
2019 ◽  
Vol 1 (1) ◽  
pp. 121-131
Author(s):  
Ali Fauzi

The existence of big data of Indonesian FDI (foreign direct investment)/ CDI (capital direct investment) has not been exploited somehow to give further ideas and decision making basis. Example of data exploitation by data mining techniques are for clustering/labeling using K-Mean and classification/prediction using Naïve Bayesian of such DCI categories. One of DCI form is the ‘Quick-Wins’, a.k.a. ‘Low-Hanging-Fruits’ Direct Capital Investment (DCI), or named shortly as QWDI. Despite its mentioned unfavorable factors, i.e. exploitation of natural resources, low added-value creation, low skill-low wages employment, environmental impacts, etc., QWDI , to have great contribution for quick and high job creation, export market penetration and advancement of technology potential. By using some basic data mining techniques as complements to usual statistical/query analysis, or analysis by similar studies or researches, this study has been intended to enable government planners, starting-up companies or financial institutions for further CDI development. The idea of business intelligence orientation and knowledge generation scenarios is also one of precious basis. At its turn, Information and Communication Technology (ICT)’s enablement will have strategic role for Indonesian enterprises growth and as a fundamental for ‘knowledge based economy’ in Indonesia.


2021 ◽  
Vol 1088 (1) ◽  
pp. 012035
Author(s):  
Mulyawan ◽  
Agus Bahtiar ◽  
Githera Dwilestari ◽  
Fadhil Muhammad Basysyar ◽  
Nana Suarna

2021 ◽  
pp. 097215092098485
Author(s):  
Sonika Gupta ◽  
Sushil Kumar Mehta

Data mining techniques have proven quite effective not only in detecting financial statement frauds but also in discovering other financial crimes, such as credit card frauds, loan and security frauds, corporate frauds, bank and insurance frauds, etc. Classification of data mining techniques, in recent years, has been accepted as one of the most credible methodologies for the detection of symptoms of financial statement frauds through scanning the published financial statements of companies. The retrieved literature that has used data mining classification techniques can be broadly categorized on the basis of the type of technique applied, as statistical techniques and machine learning techniques. The biggest challenge in executing the classification process using data mining techniques lies in collecting the data sample of fraudulent companies and mapping the sample of fraudulent companies against non-fraudulent companies. In this article, a systematic literature review (SLR) of studies from the area of financial statement fraud detection has been conducted. The review has considered research articles published between 1995 and 2020. Further, a meta-analysis has been performed to establish the effect of data sample mapping of fraudulent companies against non-fraudulent companies on the classification methods through comparing the overall classification accuracy reported in the literature. The retrieved literature indicates that a fraudulent sample can either be equally paired with non-fraudulent sample (1:1 data mapping) or be unequally mapped using 1:many ratio to increase the sample size proportionally. Based on the meta-analysis of the research articles, it can be concluded that machine learning approaches, in comparison to statistical approaches, can achieve better classification accuracy, particularly when the availability of sample data is low. High classification accuracy can be obtained with even a 1:1 mapping data set using machine learning classification approaches.


Author(s):  
Edilberto Casado

This chapter explores the opportunities to expand the forecasting and business understanding capabilities of Business Intelligence (BI) tools with the support of the system dynamics approach. System dynamics tools can enhance the insights provided by BI applications — specifically by using data-mining techniques, through simulation and modeling of real world under a “systems thinking” approach, improving forecasts, and contributing to a better understanding of the business dynamics of any organization. Since there is not enough diffusion and understanding in the business world about system dynamics concepts and advantages, this chapter is intended to motivate further research and the development of better and more powerful applications for BI.


Author(s):  
Kuriakose Athappilly

Symbiotic data mining is an evolutionary approach to how organizations analyze, interpret, and create new knowledge from large pools of data. Symbiotic data miners are trained business and technical professionals skilled in applying complex data-mining techniques and business intelligence tools to challenges in a dynamic business environment.


2022 ◽  
pp. 154-178
Author(s):  
Siddhartha Kumar Arjaria ◽  
Vikas Raj ◽  
Sunil Kumar ◽  
Priyanshu Shrivastava ◽  
Monu Kumar ◽  
...  

Skin disease rates have been increasing over the past few decades. It has led to both fatal and non-fatal disabilities all around the world, especially in those areas where medical resources are not good enough. Early diagnosis of skin diseases increases the chances of cure significantly. Therefore, this work is comparing six machine learning algorithms, namely KNN, random forest, neural network, naïve bayes, logistic regression, and SVM, for the prediction of the skin diseases. The information gain, gain ratio, gini decrease, chi-square, and relieff are used to rank the features. This work comprises the introduction, literature review, and proposed methodology parts. In this research paper, a new method of analyzing skin disease has been proposed in which six different data mining techniques are used to develop an ensemble method that integrates all the six data mining techniques as a single one. The ensemble method used on the dermatology dataset gives improved result with 94% accuracy in comparison to other classifier algorithms and hence is more effective in this area.


2022 ◽  
pp. 24-56
Author(s):  
Rajab Ssemwogerere ◽  
Wamwoyo Faruk ◽  
Nambobi Mutwalibi

Classification is a data mining technique or approach used to estimate the grouped membership of items on a basis of a common feature. This technique is virtuous for future planning and discovering new knowledge about a specific dataset. An in-depth study of previous pieces of literature implementing data mining techniques in the design of recommender systems was performed. This chapter provides a broad study of the way of designing recommender systems using various data mining classification techniques of machine learning and also exploiting their methodological decisions in four aspects, the recommendation approaches, data mining techniques, recommendation types, and performance measures. This study focused on some selected classification methods and can be so supportive for both the researchers and the students in the field of computer science and machine learning in strengthening their knowledge about the machine learning hypothesis and data mining.


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