scholarly journals Future Trends in Data Science

2021 ◽  
pp. 364-372
Author(s):  
Yaasmin Attarwala ◽  
Sakshi Baid
Keyword(s):  
Data Mining ◽  
Big Data ◽  
Business Intelligence ◽  
Data Science ◽  
Future Trends ◽  
Hidden Information ◽  
Data Repositories ◽  
Huge Data ◽  
The Future

With progression in technology, an enormous magnitude of information being collected from digital users by various businesses and organizations, has resulted in formation of huge data repositories commonly known by the term Big data. Data mining is a tool used for extracting hidden information from these vast databases to identify unique patterns and rules. The present paper aims to provide a detailed description of the importance of big data in today’s times, its characteristics, how data mining plays an important role in big data, why it is a necessity in today’s times, the process of data mining and functionalities it performs, data mining techniques such as classification, clustering etc. that help in finding the patterns to decide upon the future trends in businesses and applications of the same in various fields. The paper also discusses the important role of data mining in Business Intelligence (BI) and various industries, to identify unique patterns and obtain results from the data along with the second half of the paper focusing on further exploring the challenges that are faced in big data and tools used, the applications and upcoming trends in data science and lastly, the scope and importance of data science in the future.

The central role of data repositories and data models in Data Science and Advanced Analytics

2021 ◽  
Author(s):  
Ladjel Bellatreche ◽  
Carlos Ordonez ◽  
Dominique Méry ◽  
Matteo Golfarelli ◽  
El Hassan Abdelwahed
Keyword(s):  
Data Science ◽  
Data Models ◽  
Data Repositories ◽  
Advanced Analytics

scholarly journals Atualização da doutrina de gerenciamento de crises: Incidentes policiais e centros de consciência situacional C5I na quarta revolução industrial

2020 ◽  
Vol 13 (1) ◽  
pp. 49-59
Author(s):  
Paulo Augusto Aguilar
Keyword(s):  
Data Mining ◽  
Big Data ◽  
Business Intelligence

O presente artigo tem como objetivo abordar a atualização de gerenciamento de crises. Trata-se de um tema bastante importante para a atividade policial, pois visa a expandir a possibilidade das polícias brasileiras, seja militar, civil ou federal, de investigar delitos diversos, relacionados à segurança pública, ao fornecer conceitos de Big Data, Data Mining, Data Storytelling e Business Intelligence como forma de gerar melhor consciência situacional e imagem operacional comum de incidentes de todos os tipos e tamanhos, tudo isso com a flexibilidade de aplicativos disponíveis em smartphones, em tempo real, agilizando a capacidade de resposta e de adaptação do Estado diante de cenários VUCA, utilizado para descrever cenários caracterizados por volatilidade (volatility), incerteza (uncertainty), complexidade (complexity) e ambiguidade (ambiguity).

Need for Dynamicity in Social Networking Sites

2014 ◽  
pp. 64-87
Author(s):  
Gurdeep S Hura
Keyword(s):  
Data Mining ◽  
Social Media ◽  
Big Data ◽  
Social Networking ◽  
Real World ◽  
Social Networking Sites ◽  
Data Science ◽  
Emerging Technology ◽  
New Applications ◽  
Future Status

This chapter presents this new emerging technology of social media and networking with a detailed discussion on: basic definitions and applications, how this technology evolved in the last few years, the need for dynamicity under data mining environment. It also provides a comprehensive design and analysis of popular social networking media and sites available for the users. A brief discussion on the data mining methodologies for implementing the variety of new applications dealing with huge/big data in data science is presented. Further, an attempt is being made in this chapter to present a new emerging perspective of data mining methodologies with its dynamicity for social networking media and sites as a new trend and needed framework for dealing with huge amount of data for its collection, analysis and interpretation for a number of real world applications. A discussion will also be provided for the current and future status of data mining of social media and networking applications.

The Role of Data Mining for Business Intelligence in Knowledge Management

2015 ◽  
pp. 12-33 ◽  
Author(s):  
Kijpokin Kasemsap
Keyword(s):  
Data Mining ◽  
Knowledge Management ◽  
Human Resources ◽  
Organizational Performance ◽  
Business Intelligence ◽  
Statistical Significance ◽  
Practical Applications ◽  
Business Goals ◽  
Emerging Trends

This chapter introduces the role of Data Mining (DM) for Business Intelligence (BI) in Knowledge Management (KM), thus explaining the concept of KM, BI, and DM; the relationships among KM, BI, and DM; the practical applications of KM, BI, and DM; and the emerging trends toward practical results in KM, BI, and DM. In order to solve existing BI problems, this chapter also describes practical applications of KM, BI, and DM (in the fields of marketing, business, manufacturing, and human resources) and the emerging trends in KM, BI, and DM (in terms of larger databases, high dimensionality, over-fitting, evaluation of statistical significance, change of data and knowledge, missing data, relationships among DM fields, understandability of patterns, integration of other DM systems, and users' knowledge and interaction). Applying DM for BI in the KM environments will enhance organizational performance and achieve business goals in the digital age.

Knowledge Management and Business Analytics

2019 ◽  
pp. 1-42
Author(s):  
Nirali Nikhilkumar Honest ◽  
Atul Patel
Keyword(s):  
Big Data ◽  
Knowledge Management ◽  
Business Intelligence ◽  
Business Performance ◽  
Virtual Organization ◽  
Data Driven ◽  
Business Analytics ◽  
Broad Category ◽  
Business Operations

Knowledge management (KM) is a systematic way of managing the organization's assets for creating valuable knowledge that can be used across the organization to achieve the organization's success. A broad category of technologies that allows for gathering, storing, accessing, and analyzing data to help business users make better decisions, business intelligence (BI) allows analyzing business performance through data-driven insight. Business analytics applies different methods to gain insight about the business operations and make better fact-based decisions. Big data is data with a huge size. In the chapter, the authors have tried to emphasize the significance of knowledge management, business intelligence, business analytics, and big data to justify the role of them in the existence and development of an organization and handling big data for a virtual organization.

Data Science and Big Data Analytics in Financial Services

Web Services ◽  
2019 ◽  
pp. 1301-1329
Author(s):  
Suren Behari ◽  
Aileen Cater-Steel ◽  
Jeffrey Soar
Keyword(s):  
Big Data ◽  
Data Analysis ◽  
Financial Services ◽  
Data Science ◽  
Big Data Analytics ◽  
Disruptive Innovation ◽  
Big Data Analysis ◽  
Future Trends ◽  
The Right

The chapter discusses how Financial Services organizations can take advantage of Big Data analysis for disruptive innovation through examination of a case study in the financial services industry. Popular tools for Big Data Analysis are discussed and the challenges of big data are explored as well as how these challenges can be met. The work of Hayes-Roth in Valued Information at the Right Time (VIRT) and how it applies to the case study is examined. Boyd's model of Observe, Orient, Decide, and Act (OODA) is explained in relation to disruptive innovation in financial services. Future trends in big data analysis in the financial services domain are explored.

Big Data Quality for Data Mining in Business Intelligence Applications

2021 ◽  
pp. 64-91
Author(s):  
Arun Thotapalli Sundararaman
Keyword(s):  
Data Mining ◽  
Big Data ◽  
Data Quality ◽  
Business Intelligence ◽  
Future Research ◽  
Quality Factors ◽  
Data Volume ◽  
Mining Algorithms ◽  
Data Mining Application

Study of data quality for data mining application has always been a complex topic; in the recent years, this topic has gained further complexity with the advent of big data as the source for data mining and business intelligence (BI) applications. In a big data environment, data is consumed in various states and various forms serving as input for data mining, and this is the main source of added complexity. These new complexities and challenges arise from the underlying dimensions of big data (volume, variety, velocity, and value) together with the ability to consume data at various stages of transition from raw data to standardized datasets. These have created a need for expanding the traditional data quality (DQ) factors into BDQ (big data quality) factors besides the need for new BDQ assessment and measurement frameworks for data mining and BI applications. However, very limited advancement has been made in research and industry in the topic of BDQ and their relevance and criticality for data mining and BI applications. Data quality in data mining refers to the quality of the patterns or results of the models built using mining algorithms. DQ for data mining in business intelligence applications should be aligned with the objectives of the BI application. Objective measures, training/modeling approaches, and subjective measures are three major approaches that exist to measure DQ for data mining. However, there is no agreement yet on definitions or measurements or interpretations of DQ for data mining. Defining the factors of DQ for data mining and their measurement for a BI system has been one of the major challenges for researchers as well as practitioners. This chapter provides an overview of existing research in the area of BDQ definitions and measurement for data mining for BI, analyzes the gaps therein, and provides a direction for future research and practice in this area.

The Use of Big Data in Marketing Analytics

2021 ◽  
pp. 62-78
Author(s):  
Chai-Lee Goi
Keyword(s):  
Big Data ◽  
Business Intelligence ◽  
The Public ◽  
Marketing Analytics ◽  
Literature Reviews ◽  
Data Architecture ◽  
The Future ◽  
Public Imagination

Big data has broken through the public imagination, has revolutionised the process through which business find innovative ways, and has transformed the data into valuable information that will shape business intelligence and gain business insights to make better decisions. The purpose of this study is to review the development of big data, architecture, and the use of big data in marketing analytics. From the analysis of literature reviews, a big data in marketing analytics model has been proposed. In using big data in marketing, marketers need balanced analytics and then identify opportunities for improvement based on reporting or analysing past and present big data to predict and influence the future.

Big Data, Data Science, and Career Pathways

2020 ◽  
pp. 239-254
Author(s):  
David W. Dorsey
Keyword(s):  
Big Data ◽  
Data Science ◽  
Career Pathways ◽  
Unstructured Data ◽  
Future Application ◽  
The Internet ◽  
The Future ◽  
Skill Requirements ◽  
Enormous Number ◽  
Over Time

With the rise of the internet and the related explosion in the amount of data that are available, the field of data science has expanded rapidly, and analytic techniques designed for use in “big data” contexts have become popular. These include techniques for analyzing both structured and unstructured data. This chapter explores the application of these techniques to the development and evaluation of career pathways. For example, data scientists can analyze online job listings and resumes to examine changes in skill requirements and careers over time and to examine job progressions across an enormous number of people. Similarly, analysts can evaluate whether information on career pathways accurately captures realistic job progressions. Within organizations, the increasing amount of data make it possible to pinpoint the specific skills, behaviors, and attributes that maximize performance in specific roles. The chapter concludes with ideas for the future application of big data to career pathways.

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