Domain-Driven actionable knowledge discovery in the real world

  • Authors:
  • Longbing Cao;Chengqi Zhang

  • Affiliations:
  • Faculty of Information Technology, University of Technology Sydney, Australia;Faculty of Information Technology, University of Technology Sydney, Australia

  • Venue:
  • PAKDD'06 Proceedings of the 10th Pacific-Asia conference on Advances in Knowledge Discovery and Data Mining
  • Year:
  • 2006

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Abstract

Actionable knowledgediscovery is one of Grand Challenges in KDD. To this end, many methodologies have been developed. However, they either view data mining as an autonomous data-driven trial-and-error process, or only analyze the issues in an isolated and case-by-case manner. As a result, the knowledge discovered is often not actionable to constrained business. This paper proposes a practical perspective, referred to as domain-driven in-depth pattern discovery (DDID-PD). It presents a domain-driven view of discovering knowledge satisfying real business needs. Its main ideas include constraint mining, in-depth mining, human-cooperated mining, and loop-closed mining. We demonstrate its deployment in mining actionable trading strategies in Australian Stock Exchange data.