Bitcore BTX Data Mining

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Bitcore BTX Data Mining

Data mining is the process of discovering patterns in large involving methods at the intersection of,, and. It is an essential process where intelligent methods are applied to extract data patterns. It is an subfield of. The overall goal of the data mining process is to extract information from a data set and transform it into an understandable structure for further use. Aside from the raw analysis step, it involves database and aspects,, and considerations, interestingness metrics, considerations, post-processing of discovered structures,, and. Data mining is the analysis step of the 'knowledge discovery in databases' process, or KDD. The term is a, because the goal is the extraction of patterns and knowledge from large amounts of data, not the extraction ( mining) of data itself.

It also is a and is frequently applied to any form of large-scale data or (,,,, and statistics) as well as any application of, including artificial intelligence, machine learning, and. The book Data mining: Practical machine learning tools and techniques with Java (which covers mostly machine learning material) was originally to be named just Practical machine learning, and the term data mining was only added for marketing reasons. Often the more general terms ( large scale) and – or, when referring to actual methods, artificial intelligence and machine learning – are more appropriate. The actual data mining task is the semi-automatic or automatic analysis of large quantities of data to extract previously unknown, interesting patterns such as groups of data records (), unusual records (), and dependencies (, ). This usually involves using database techniques such as. These patterns can then be seen as a kind of summary of the input data, and may be used in further analysis or, for example, in machine learning and. For example, the data mining step might identify multiple groups in the data, which can then be used to obtain more accurate prediction results by a.

Data Mining from University of Illinois at Urbana-Champaign. The Data Mining Specialization teaches data mining techniques for both structured data which conform to a. Find out more at bitcore.cc. Stock screener Cryptocurrency screener. About Bitcore BTX. Find out more. Wall Street data mining made easy. Bitcore (BTX) hits new $0. With bitcoin monitor the bitcoin fork bitcoins affect on central banking bitcoin privacy identity bitcoin addon gmod bitcoin data mining.

Neither the data collection, data preparation, nor result interpretation and reporting is part of the data mining step, but do belong to the overall KDD process as additional steps. The related terms, data fishing, and data snooping refer to the use of data mining methods to sample parts of a larger population data set that are (or may be) too small for reliable statistical inferences to be made about the validity of any patterns discovered. These methods can, however, be used in creating new hypotheses to test against the larger data populations. Contents • • • • • • • • • • • • • • • • • • • • • • • Etymology [ ] In the 1960s, statisticians used terms like data fishing or data dredging to refer to what they considered the bad practice of analyzing data without an a-priori hypothesis. The term data mining appeared around 1990 in the database community.

For a short time in 1980s, a phrase 'database mining'™, was used, but since it was trademarked by HNC, a San Diego-based company, to pitch their Database Mining Workstation; researchers consequently turned to data mining. Other terms used include data archaeology, information harvesting, information discovery, knowledge extraction, etc. Coined the term 'knowledge discovery in databases' for the first workshop on the same topic and this term became more popular in and community. However, the term data mining became more popular in the business and press communities.

Currently, the terms data mining and knowledge discovery are used interchangeably. In the academic community, the major forums for research started in 1995 when the First International Conference on Data Mining and Knowledge Discovery () was started in Montreal under sponsorship.

It was co-chaired by and Ramasamy Uthurusamy. A year later, in 1996, Usama Fayyad launched the journal by Kluwer called as its founding editor-in-chief.

Later he started the Newsletter SIGKDD Explorations. The KDD International conference became the primary highest quality conference in data mining with an acceptance rate of research paper submissions below 18%. The journal Data Mining and Knowledge Discovery is the primary research journal of the field. Hshare HSR Mining Return.

Background [ ] The manual extraction of patterns from has occurred for centuries. Early methods of identifying patterns in data include (1700s) and (1800s). The proliferation, ubiquity and increasing power of computer technology has dramatically increased data collection, storage, and manipulation ability.

As have grown in size and complexity, direct 'hands-on' data analysis has increasingly been augmented with indirect, automated data processing, aided by other discoveries in computer science, such as,, (1950s), and (1960s), and (1990s). Data mining is the process of applying these methods with the intention of uncovering hidden patterns in large data sets. It bridges the gap from and artificial intelligence (which usually provide the mathematical background) to by exploiting the way data is stored and indexed in databases to execute the actual learning and discovery algorithms more efficiently, allowing such methods to be applied to ever larger data sets.

Process [ ] The knowledge discovery in databases (KDD) process is commonly defined with the stages: • Selection • Pre-processing • Transformation • Data mining • Interpretation/evaluation. It exists, however, in many variations on this theme, such as the (CRISP-DM) which defines six phases: • Business understanding • Data understanding • Data preparation • Modeling • Evaluation • Deployment or a simplified process such as (1) Pre-processing, (2) Data Mining, and (3) Results Validation. Polls conducted in 2002, 2004, 2007 and 2014 show that the CRISP-DM methodology is the leading methodology used by data miners. The only other data mining standard named in these polls was.

However, 3–4 times as many people reported using CRISP-DM. Several teams of researchers have published reviews of data mining process models, and Azevedo and Santos conducted a comparison of CRISP-DM and SEMMA in 2008. Pre-processing [ ] Before data mining algorithms can be used, a target data set must be assembled.

As data mining can only uncover patterns actually present in the data, the target data set must be large enough to contain these patterns while remaining concise enough to be mined within an acceptable time limit. A common source for data is a. Pre-processing is essential to analyze the data sets before data mining. The target set is then cleaned.

Data cleaning removes the observations containing and those with. Data mining [ ] Data mining involves six common classes of tasks: • (outlier/change/deviation detection) – The identification of unusual data records, that might be interesting or data errors that require further investigation. • (dependency modelling) – Searches for relationships between variables. For example, a supermarket might gather data on customer purchasing habits. Using association rule learning, the supermarket can determine which products are frequently bought together and use this information for marketing purposes. This is sometimes referred to as market basket analysis. • – is the task of discovering groups and structures in the data that are in some way or another 'similar', without using known structures in the data.

• – is the task of generalizing known structure to apply to new data. For example, an e-mail program might attempt to classify an e-mail as 'legitimate' or as 'spam'. • – attempts to find a function which models the data with the least error that is, for estimating the relationships among data or datasets. • – providing a more compact representation of the data set, including visualization and report generation. Results validation [ ]. An example of data produced by through a bot operated by statistician Tyler Vigen, apparently showing a close link between the best word winning a spelling bee competition and the number of people in the United States killed by venomous spiders.

The similarity in trends is obviously a coincidence. Data mining can unintentionally be misused, and can then produce results which appear to be significant; but which do not actually predict future behaviour and cannot be on a new sample of data and bear little use.

Often this results from investigating too many hypotheses and not performing proper. A simple version of this problem in is known as, but the same problem can arise at different phases of the process and thus a train/test split - when applicable at all - may not be sufficient to prevent this from happening. This section is missing information about non-classification tasks in data mining. It only covers. Please expand the section to include this information.

Further details may exist on the. (September 2011) The final step of knowledge discovery from data is to verify that the patterns produced by the data mining algorithms occur in the wider data set. Not all patterns found by the data mining algorithms are necessarily valid. It is common for the data mining algorithms to find patterns in the training set which are not present in the general data set.

This is called. To overcome this, the evaluation uses a of data on which the data mining algorithm was not trained. The learned patterns are applied to this test set, and the resulting output is compared to the desired output. For example, a data mining algorithm trying to distinguish 'spam' from 'legitimate' emails would be trained on a of sample e-mails. Once trained, the learned patterns would be applied to the test set of e-mails on which it had not been trained. The accuracy of the patterns can then be measured from how many e-mails they correctly classify. A number of statistical methods may be used to evaluate the algorithm, such as.

If the learned patterns do not meet the desired standards, subsequently it is necessary to re-evaluate and change the pre-processing and data mining steps. If the learned patterns do meet the desired standards, then the final step is to interpret the learned patterns and turn them into knowledge. Research [ ] The premier professional body in the field is the 's (ACM) Special Interest Group (SIG) on Knowledge Discovery and Data Mining (). Since 1989 this ACM SIG has hosted an annual international conference and published its proceedings, and since 1999 it has published a biannual titled 'SIGKDD Explorations'. Computer science conferences on data mining include: • – ACM • • – ACM SIGKDD Data mining topics are also present on many such as the ICDE Conference, and Standards [ ] There have been some efforts to define standards for the data mining process, for example the 1999 European (CRISP-DM 1.0) and the 2004 standard (JDM 1.0).

Development on successors to these processes (CRISP-DM 2.0 and JDM 2.0) was active in 2006, but has stalled since. JDM 2.0 was withdrawn without reaching a final draft.

For exchanging the extracted models – in particular for use in – the key standard is the (PMML), which is an -based language developed by the Data Mining Group (DMG) and supported as exchange format by many data mining applications. As the name suggests, it only covers prediction models, a particular data mining task of high importance to business applications.

However, extensions to cover (for example) have been proposed independently of the DMG. Notable uses [ ]. Data mining is used wherever there is digital data available today. Notable can be found throughout business, medicine, science, and surveillance. Privacy concerns and ethics [ ] While the term 'data mining' itself may have no ethical implications, it is often associated with the mining of information in relation to peoples' behavior (ethical and otherwise). The ways in which data mining can be used can in some cases and contexts raise questions regarding privacy, legality, and ethics.

In particular, data mining government or commercial data sets for national security or law enforcement purposes, such as in the Program or in, has raised privacy concerns. Data mining requires data preparation which can uncover information or patterns which may compromise confidentiality and privacy obligations. A common way for this to occur is through. Data aggregation involves combining data together (possibly from various sources) in a way that facilitates analysis (but that also might make identification of private, individual-level data deducible or otherwise apparent).

This is not data mining per se, but a result of the preparation of data before – and for the purposes of – the analysis. The threat to an individual's privacy comes into play when the data, once compiled, cause the data miner, or anyone who has access to the newly compiled data set, to be able to identify specific individuals, especially when the data were originally anonymous. It is recommended that an individual is made aware of the following before data are collected: • the purpose of the data collection and any (known) data mining projects; • how the data will be used; • who will be able to mine the data and use the data and their derivatives; • the status of security surrounding access to the data; • how collected data can be updated.

Data may also be modified so as to become anonymous, so that individuals may not readily be identified. However, even 'de-identified'/'anonymized' data sets can potentially contain enough information to allow identification of individuals, as occurred when journalists were able to find several individuals based on a set of search histories that were inadvertently released by AOL. The inadvertent revelation of leading to the provider violates Fair Information Practices. This indiscretion can cause financial, emotional, or bodily harm to the indicated individual.

In one instance of privacy violation, the patrons of Walgreens filed a lawsuit against the company in 2011 for selling prescription information to data mining companies who in turn provided the data to pharmaceutical companies. Situation in Europe [ ] Europe has rather strong privacy laws, and efforts are underway to further strengthen the rights of the consumers. However, the currently effectively expose European users to privacy exploitation by U.S. As a consequence of 's, there has been increased discussion to revoke this agreement, as in particular the data will be fully exposed to the, and attempts to reach an agreement have failed. [ ] Situation in the United States [ ] In the United States, privacy concerns have been addressed by the via the passage of regulatory controls such as the (HIPAA).

The HIPAA requires individuals to give their 'informed consent' regarding information they provide and its intended present and future uses. According to an article in Biotech Business Week, '[i]n practice, HIPAA may not offer any greater protection than the longstanding regulations in the research arena,' says the AAHC. More importantly, the rule's goal of protection through informed consent is approach a level of incomprehensibility to average individuals.' This underscores the necessity for data anonymity in data aggregation and mining practices. Information privacy legislation such as HIPAA and the (FERPA) applies only to the specific areas that each such law addresses. Use of data mining by the majority of businesses in the U.S. Is not controlled by any legislation.

Copyright law [ ] Situation in Europe [ ] Due to a lack of flexibilities in European copyright and, the mining of in-copyright works such as without the permission of the copyright owner is not legal. Where a database is pure data in Europe there is likely to be no copyright, but database rights may exist so data mining becomes subject to regulations by the. On the recommendation of the this led to the UK government to amend its copyright law in 2014 to allow content mining as a. Only the second country in the world to do so after Japan, which introduced an exception in 2009 for data mining. However, due to the restriction of the, the UK exception only allows content mining for non-commercial purposes. UK copyright law also does not allow this provision to be overridden by contractual terms and conditions.

The facilitated stakeholder discussion on text and data mining in 2013, under the title of Licences for Europe. The focus on the solution to this legal issue being licences and not limitations and exceptions led to representatives of universities, researchers, libraries, civil society groups and publishers to leave the stakeholder dialogue in May 2013. Situation in the United States [ ] By contrast to Europe, the flexible nature of US copyright law, and in particular means that content mining in America, as well as other fair use countries such as Israel, Taiwan and South Korea is viewed as being legal. As content mining is transformative, that is it does not supplant the original work, it is viewed as being lawful under fair use. For example, as part of the the presiding judge on the case ruled that Google's digitisation project of in-copyright books was lawful, in part because of the transformative uses that the digitisation project displayed - one being text and data mining. Software [ ]. Free open-source data mining software and applications [ ] The following applications are available under free/open source licenses.

Public access to application source code is also available. •: Text and search results clustering framework. •: A chemical structure miner and web search engine. •: A university research project with advanced and methods written in the language. •: a and language engineering tool. •: The Konstanz Information Miner, a user friendly and comprehensive data analytics framework.

•: a real-time big data stream mining with concept drift tool in the programming language. • - cross platform tool for regression and classification problems based on a Genetic Programming variant. • ML-Flex: A software package that enables users to integrate with third-party machine-learning packages written in any programming language, execute classification analyses in parallel across multiple computing nodes, and produce HTML reports of classification results. •: a collection of ready-to-use machine learning algorithms written in the language. • (): A suite of libraries and programs for symbolic and statistical natural language processing (NLP) for the language. •: Open library. •: A component-based data mining and software suite written in the language.

•: A and software environment for computing, data mining, and graphics. It is part of the. • is an open source machine learning library for the Python programming language •: An library for the programming language and framework with wide support for algorithms. •: The UIMA (Unstructured Information Management Architecture) is a component framework for analyzing unstructured content such as text, audio and video – originally developed by IBM.

•: A suite of machine learning software applications written in the programming language. Proprietary data-mining software and applications [ ] The following applications are available under proprietary licenses. • KnowledgeSTUDIO: data mining tool. •: text analytics product.

• KXEN Modeler: data mining tool provided. •: an integrated software application for data mining, business intelligence, and modeling that implements the Learning and Intelligent OptimizatioN (LION) approach.

•: data and text mining software is called PolyAnalyst. •: data mining software provided. •: suite of multilingual text and entity analytics products that enable data mining. • OpenText Big Data Analytics: Visual Data Mining & Predictive Analysis by •: data mining software.

•: platform for automation of engineering simulation and analysis, multidisciplinary optimization and data mining provided. • Omics Explorer: data mining software. •: An environment for and data mining experiments.

•: data mining software provided by the. •: data mining software provided. • Data Miner: data mining software provided. •: Visualisation-oriented data mining software, also for teaching. •: data mining software provided.

Marketplace surveys [ ] Several researchers and organizations have conducted reviews of data mining tools and surveys of data miners. These identify some of the strengths and weaknesses of the software packages. They also provide an overview of the behaviors, preferences and views of data miners. Some of these reports include: • Hurwitz Victory Index: Report for Advanced Analytics as a market research assessment tool, it highlights both the diverse uses for advanced analytics technology and the vendors who make those applications possible. • (2007–2015) • 2011 Wiley Interdisciplinary Reviews: Data Mining and Knowledge Discovery • 2010 Predictive Analytics and Data Mining Solutions report • 2008 'Magic Quadrant' report • Robert A.

Nisbet's 2006 Three Part Series of articles 'Data Mining Tools: Which One is Best For CRM?' • Haughton et al.' S 2003 Review of Data Mining Software Packages in • Goebel & Gruenwald 1999 'A Survey of Data Mining a Knowledge Discovery Software Tools' in SIGKDD Explorations See also [ ] Methods.