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The Data Mining Tools Market size was valued at USD 1.01 USD billion in 2023 and is projected to reach USD 1.99 USD billion by 2032, exhibiting a CAGR of 10.2 % during the forecast period. The growing adoption of data-driven decision-making and the increasing need for business intelligence are major factors driving market growth. Data mining refers to filtering, sorting, and classifying data from larger datasets to reveal subtle patterns and relationships, which helps enterprises identify and solve complex business problems through data analysis. Data mining software tools and techniques allow organizations to foresee future market trends and make business-critical decisions at crucial times. Data mining is an essential component of data science that employs advanced data analytics to derive insightful information from large volumes of data. Businesses rely heavily on data mining to undertake analytics initiatives in the organizational setup. The analyzed data sourced from data mining is used for varied analytics and business intelligence (BI) applications, which consider real-time data analysis along with some historical pieces of information. Recent developments include: May 2023 – WiMi Hologram Cloud Inc. introduced a new data interaction system developed by combining neural network technology and data mining. Using real-time interaction, the system can offer reliable and safe information transmission., May 2023 – U.S. Data Mining Group, Inc., operating in bitcoin mining site, announced a hosting contract to deploy 150,000 bitcoins in partnership with major companies such as TeslaWatt, Sphere 3D, Marathon Digital, and more. The company is offering industry turn-key solutions for curtailment, accounting, and customer relations., April 2023 – Artificial intelligence and single-cell biotech analytics firm, One Biosciences, launched a single cell data mining algorithm called ‘MAYA’. The algorithm is for cancer patients to detect therapeutic vulnerabilities., May 2022 – Europe-based Solarisbank, a banking-as-a-service provider, announced its partnership with Snowflake to boost its cloud data strategy. Using the advanced cloud infrastructure, the company can enhance data mining efficiency and strengthen its banking position.. Key drivers for this market are: Increasing Focus on Customer Satisfaction to Drive Market Growth. Potential restraints include: Requirement of Skilled Technical Resources Likely to Hamper Market Growth. Notable trends are: Incorporation of Data Mining and Machine Learning Solutions to Propel Market Growth.
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The Data Mining Market is Segmented by Component (Tools [ETL and Data Preparation, Data-Mining Workbench, and More], Services [Professional Services, and More]), End-User Enterprise Size (Small and Medium Enterprises, Large Enterprises), Deployment (Cloud, On-Premise), End-User Industry (BFSI, IT and Telecom, Government and Defence, and More), and Geography. The Market Forecasts are Provided in Terms of Value (USD).
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The Data Mining Tools Market is expected to be valued at $1.24 billion in 2024, with an anticipated expansion at a CAGR of 11.63% to reach $3.73 billion by 2034.
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The global data mining and modeling market size was valued at approximately $28.5 billion in 2023 and is projected to reach $70.8 billion by 2032, growing at a compound annual growth rate (CAGR) of 10.5% during the forecast period. This remarkable growth can be attributed to the increasing complexity and volume of data generated across various industries, necessitating robust tools and techniques for effective data analysis and decision-making processes.
One of the primary growth factors driving the data mining and modeling market is the exponential increase in data generation owing to advancements in digital technology. Modern enterprises generate extensive data from numerous sources such as social media platforms, IoT devices, and transactional databases. The need to make sense of this vast information trove has led to a surge in the adoption of data mining and modeling tools. These tools help organizations uncover hidden patterns, correlations, and insights, thereby enabling more informed decision-making and strategic planning.
Another significant growth driver is the increasing adoption of artificial intelligence (AI) and machine learning (ML) technologies. Data mining and modeling are critical components of AI and ML algorithms, which rely on large datasets to learn and make predictions. As businesses strive to stay competitive, they are increasingly investing in AI-driven analytics solutions. This trend is particularly prevalent in sectors such as healthcare, finance, and retail, where predictive analytics can provide a substantial competitive edge. Moreover, advancements in big data technologies are further bolstering the capabilities of data mining and modeling solutions, making them more effective and efficient.
The burgeoning demand for business intelligence (BI) and analytics solutions is also a major factor propelling the market. Organizations are increasingly recognizing the value of data-driven insights in identifying market trends, customer preferences, and operational inefficiencies. Data mining and modeling tools form the backbone of sophisticated BI platforms, enabling companies to transform raw data into actionable intelligence. This demand is further amplified by the growing importance of regulatory compliance and risk management, particularly in highly regulated industries such as banking, financial services, and healthcare.
From a regional perspective, North America currently dominates the data mining and modeling market, owing to the early adoption of advanced technologies and the presence of major market players. However, Asia Pacific is expected to witness the highest growth rate during the forecast period, driven by rapid digital transformation initiatives and increasing investments in AI and big data technologies. Europe also holds a significant market share, supported by stringent data protection regulations and a strong focus on innovation.
The data mining and modeling market by component is broadly segmented into software and services. The software segment encompasses various tools and platforms that facilitate data mining and modeling processes. These software solutions range from basic data analysis tools to advanced platforms integrated with AI and ML capabilities. The increasing complexity of data and the need for real-time analytics are driving the demand for sophisticated software solutions. Companies are investing in custom and off-the-shelf software to enhance their data handling and analytical capabilities, thereby gaining a competitive edge.
The services segment includes consulting, implementation, training, and support services. As organizations strive to leverage data mining and modeling tools effectively, the demand for professional services is on the rise. Consulting services help businesses identify the right tools and strategies for their specific needs, while implementation services ensure the seamless integration of these tools into existing systems. Training services are crucial for building in-house expertise, enabling teams to maximize the benefits of data mining and modeling solutions. Support services ensure the ongoing maintenance and optimization of these tools, addressing any technical issues that may arise.
The software segment is expected to dominate the market throughout the forecast period, driven by continuous advancements in te
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The Data Mining Tools Market size is expected to reach a valuation of USD 3.33 billion in 2033 growing at a CAGR of 12.50%. The Data Mining Tools market research report classifies market by share, trend, demand, forecast and based on segmentation.
NASA has some of the largest and most complex data sources in the world, with data sources ranging from the earth sciences, space sciences, and massive distributed engineering data sets from commercial aircraft and spacecraft. This talk will discuss some of the issues and algorithms developed to analyze and discover patterns in these data sets. We will also provide an overview of a large research program in Integrated Vehicle Health Management. The goal of this program is to develop advanced technologies to automatically detect, diagnose, predict, and mitigate adverse events during the flight of an aircraft. A case study will be presented on a recent data mining analysis performed to support the Flight Readiness Review of the Space Shuttle Mission STS-119.
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The complete dataset used in the analysis comprises 36 samples, each described by 11 numeric features and 1 target. The attributes considered were caspase 3/7 activity, Mitotracker red CMXRos area and intensity (3 h and 24 h incubations with both compounds), Mitosox oxidation (3 h incubation with the referred compounds) and oxidation rate, DCFDA fluorescence (3 h and 24 h incubations with either compound) and oxidation rate, and DQ BSA hydrolysis. The target of each instance corresponds to one of the 9 possible classes (4 samples per class): Control, 6.25, 12.5, 25 and 50 µM for 6-OHDA and 0.03, 0.06, 0.125 and 0.25 µM for rotenone. The dataset is balanced, it does not contain any missing values and data was standardized across features. The small number of samples prevented a full and strong statistical analysis of the results. Nevertheless, it allowed the identification of relevant hidden patterns and trends.
Exploratory data analysis, information gain, hierarchical clustering, and supervised predictive modeling were performed using Orange Data Mining version 3.25.1 [41]. Hierarchical clustering was performed using the Euclidean distance metric and weighted linkage. Cluster maps were plotted to relate the features with higher mutual information (in rows) with instances (in columns), with the color of each cell representing the normalized level of a particular feature in a specific instance. The information is grouped both in rows and in columns by a two-way hierarchical clustering method using the Euclidean distances and average linkage. Stratified cross-validation was used to train the supervised decision tree. A set of preliminary empirical experiments were performed to choose the best parameters for each algorithm, and we verified that, within moderate variations, there were no significant changes in the outcome. The following settings were adopted for the decision tree algorithm: minimum number of samples in leaves: 2; minimum number of samples required to split an internal node: 5; stop splitting when majority reaches: 95%; criterion: gain ratio. The performance of the supervised model was assessed using accuracy, precision, recall, F-measure and area under the ROC curve (AUC) metrics.
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The global market size for Lifesciences Data Mining and Visualization was valued at approximately USD 1.5 billion in 2023 and is projected to reach around USD 4.3 billion by 2032, growing at a compound annual growth rate (CAGR) of 12.5% during the forecast period. The growth of this market is driven by the increasing demand for sophisticated data analysis tools in the life sciences sector, advancements in analytical technologies, and the rising volume of complex biological data generated from research and clinical trials.
One of the primary growth factors for the Lifesciences Data Mining and Visualization market is the burgeoning amount of data generated from various life sciences applications, such as genomics, proteomics, and clinical trials. With the advent of high-throughput technologies, researchers and healthcare professionals are now capable of generating vast amounts of data, which necessitates the use of advanced data mining and visualization tools to derive actionable insights. These tools not only help in managing and interpreting large datasets but also in uncovering hidden patterns and relationships, thereby accelerating research and development processes.
Another significant driver is the increasing adoption of artificial intelligence (AI) and machine learning (ML) algorithms in the life sciences domain. These technologies have proven to be invaluable in enhancing data analysis capabilities, enabling more precise and predictive modeling of biological systems. By integrating AI and ML with data mining and visualization platforms, researchers can achieve higher accuracy in identifying potential drug targets, understanding disease mechanisms, and personalizing treatment plans. This trend is expected to continue, further propelling the market's growth.
Moreover, the rising emphasis on personalized medicine and the need for precision in healthcare is fueling the demand for data mining and visualization tools. Personalized medicine relies heavily on the analysis of individual genetic, proteomic, and metabolomic profiles to tailor treatments specifically to patients' unique characteristics. The ability to visualize these complex datasets in an understandable and actionable manner is critical for the successful implementation of personalized medicine strategies, thereby boosting the demand for advanced data analysis tools.
From a regional perspective, North America is anticipated to dominate the Lifesciences Data Mining and Visualization market, owing to the presence of a robust healthcare infrastructure, significant investments in research and development, and a high adoption rate of advanced technologies. The European market is also expected to witness substantial growth, driven by increasing government initiatives to support life sciences research and the presence of leading biopharmaceutical companies. The Asia Pacific region is projected to experience the fastest growth, attributed to the expanding healthcare sector, rising investments in biotechnology research, and the increasing adoption of data analytics solutions.
The Lifesciences Data Mining and Visualization market is segmented by component into software and services. The software segment is expected to hold a significant share of the market, driven by the continuous advancements in data mining algorithms and visualization techniques. Software solutions are critical in processing large volumes of complex biological data, facilitating real-time analysis, and providing intuitive visual representations that aid in decision-making. The increasing integration of AI and ML into these software solutions is further enhancing their capabilities, making them indispensable tools in life sciences research.
The services segment, on the other hand, is projected to grow at a considerable rate, as organizations seek specialized expertise to manage and interpret their data. Services include consulting, implementation, and maintenance, as well as training and support. The demand for these services is driven by the need to ensure optimal utilization of data mining software and to keep up with the rapid pace of technological advancements. Moreover, many life sciences organizations lack the in-house expertise required to handle large-scale data analytics projects, thereby turning to external service providers for assistance.
Within the software segment, there is a growing trend towards the development of integrated platforms that combine multiple functionalities, such as data collection, pre
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The global Data Mining Tools Market size was estimated at USD 1.17 billion in 2024 and is projected to grow at a CAGR of 12.1% from 2025 to 2034.
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Biological data analysis is the key to new discoveries in disease biology and drug discovery. The rapid proliferation of high-throughput ‘omics’ data has necessitated a need for tools and platforms that allow the researchers to combine and analyse different types of biological data and obtain biologically relevant knowledge. We had previously developed TargetMine, an integrative data analysis platform for target prioritisation and broad-based biological knowledge discovery. Here, we describe the newly modelled biological data types and the enhanced visual and analytical features of TargetMine. These enhancements have included: an enhanced coverage of gene–gene relations, small molecule metabolite to pathway mappings, an improved literature survey feature, and in silico prediction of gene functional associations such as protein–protein interactions and global gene co-expression. We have also described two usage examples on trans-omics data analysis and extraction of gene-disease associations using MeSH term descriptors. These examples have demonstrated how the newer enhancements in TargetMine have contributed to a more expansive coverage of the biological data space and can help interpret genotype–phenotype relations. TargetMine with its auxiliary toolkit is available at https://targetmine.mizuguchilab.org. The TargetMine source code is available at https://github.com/chenyian-nibio/targetmine-gradle.
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The Data Mining Tools market report offers a thorough competitive analysis, mapping key players’ strategies, market share, and business models. It provides insights into competitor dynamics, helping companies align their strategies with the current market landscape and future trends.
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The global Data Mining Software market is experiencing robust growth, driven by the increasing need for businesses to extract valuable insights from massive datasets. The market, estimated at $15 billion in 2025, is projected to witness a Compound Annual Growth Rate (CAGR) of 12% from 2025 to 2033, reaching an estimated $45 billion by 2033. This expansion is fueled by several key factors. The burgeoning adoption of cloud-based solutions offers scalability and cost-effectiveness, attracting both large enterprises and SMEs. Furthermore, advancements in machine learning and artificial intelligence algorithms are enhancing the accuracy and efficiency of data mining processes, leading to better decision-making across various sectors like finance, healthcare, and marketing. The rise of big data analytics and the increasing availability of affordable, high-powered computing resources are also significant contributors to market growth. However, the market faces certain challenges. Data security and privacy concerns remain paramount, especially with the increasing volume of sensitive information being processed. The complexity of data mining software and the need for skilled professionals to operate and interpret the results present a barrier to entry for some businesses. The high initial investment cost associated with implementing sophisticated data mining solutions can also deter smaller organizations. Nevertheless, the ongoing technological advancements and the growing recognition of the strategic value of data-driven decision-making are expected to overcome these restraints and propel the market toward continued expansion. The market segmentation reveals a strong preference for cloud-based solutions, reflecting the industry's trend toward flexible and scalable IT infrastructure. Large enterprises currently dominate the market share, but SMEs are rapidly adopting data mining software, indicating promising future growth in this segment. Geographic analysis shows that North America and Europe are currently leading the market, but the Asia-Pacific region is poised for significant growth due to increasing digitalization and economic expansion in countries like China and India.
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The purpose of data mining analysis is always to find patterns of the data using certain kind of techiques such as classification or regression. It is not always feasible to apply classification algorithms directly to dataset. Before doing any work on the data, the data has to be pre-processed and this process normally involves feature selection and dimensionality reduction. We tried to use clustering as a way to reduce the dimension of the data and create new features. Based on our project, after using clustering prior to classification, the performance has not improved much. The reason why it has not improved could be the features we selected to perform clustering are not well suited for it. Because of the nature of the data, classification tasks are going to provide more information to work with in terms of improving knowledge and overall performance metrics. From the dimensionality reduction perspective: It is different from Principle Component Analysis which guarantees finding the best linear transformation that reduces the number of dimensions with a minimum loss of information. Using clusters as a technique of reducing the data dimension will lose a lot of information since clustering techniques are based a metric of 'distance'. At high dimensions euclidean distance loses pretty much all meaning. Therefore using clustering as a "Reducing" dimensionality by mapping data points to cluster numbers is not always good since you may lose almost all the information. From the creating new features perspective: Clustering analysis creates labels based on the patterns of the data, it brings uncertainties into the data. By using clustering prior to classification, the decision on the number of clusters will highly affect the performance of the clustering, then affect the performance of classification. If the part of features we use clustering techniques on is very suited for it, it might increase the overall performance on classification. For example, if the features we use k-means on are numerical and the dimension is small, the overall classification performance may be better. We did not lock in the clustering outputs using a random_state in the effort to see if they were stable. Our assumption was that if the results vary highly from run to run which they definitely did, maybe the data just does not cluster well with the methods selected at all. Basically, the ramification we saw was that our results are not much better than random when applying clustering to the data preprocessing. Finally, it is important to ensure a feedback loop is in place to continuously collect the same data in the same format from which the models were created. This feedback loop can be used to measure the model real world effectiveness and also to continue to revise the models from time to time as things change.
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The database includes three datasets. All of them were extracted from a dataset published by X (Twitter Transparency Websites) that includes tweets from malicious accounts trying to manipulate public opinion in the Kingdom of Saudi Arabia. Although the propagandist tweets were published by malicious accounts, as X (Twitter) stated, the tweets at their level were not classified as propaganda or not. Propagandists usually mix propaganda and non-propaganda tweets in an attempt to hide their identities. Therefore, it was necessary to classify their tweets as propaganda or not, based on the propaganda technique used. Since the datasets are very large, we annotated a sample of 2,100 tweets. The datasets are made up of 16,355,558 tweets from propagandist users focused on sports and banking topics.
Peer-to-Peer (P2P) networks are gaining increasing popularity in many distributed applications such as file-sharing, network storage, web caching, sear- ching and indexing of relevant documents and P2P network-threat analysis. Many of these applications require scalable analysis of data over a P2P network. This paper starts by offering a brief overview of distributed data mining applications and algorithms for P2P environments. Next it discusses some of the privacy concerns with P2P data mining and points out the problems of existing privacy-preserving multi-party data mining techniques. It further points out that most of the nice assumptions of these existing privacy preserving techniques fall apart in real-life applications of privacy-preserving distributed data mining (PPDM). The paper offers a more realistic formulation of the PPDM problem as a multi-party game and points out some recent results.
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The Data Mining and Modeling market is experiencing robust growth, driven by the exponential increase in data volume and the rising need for businesses to extract actionable insights for strategic decision-making. The market, estimated at $25 billion in 2025, is projected to expand at a Compound Annual Growth Rate (CAGR) of 15% from 2025 to 2033, reaching approximately $75 billion by 2033. This growth is fueled by several key factors, including the increasing adoption of cloud-based data mining solutions, the development of sophisticated analytical tools capable of handling big data, and the growing demand for predictive analytics across diverse sectors such as finance, healthcare, and retail. Furthermore, advancements in artificial intelligence (AI) and machine learning (ML) are significantly enhancing the capabilities of data mining and modeling tools, enabling more accurate predictions and deeper insights. The market is segmented by various deployment models (cloud, on-premise), analytical techniques (regression, classification, clustering), and industry verticals. The major restraints on market growth include the high cost of implementation and maintenance of data mining and modeling solutions, the scarcity of skilled professionals proficient in advanced analytical techniques, and concerns about data privacy and security. However, these challenges are being gradually addressed through the development of user-friendly tools, the emergence of specialized training programs, and the increasing adoption of robust security measures. The competitive landscape is characterized by a mix of established players like SAS and IBM, along with several specialized providers like Symbrium, Coheris, and Expert System. These companies are constantly innovating to enhance their offerings and cater to the evolving needs of businesses across various industries. The market's trajectory indicates a promising future driven by ongoing technological advancements and the increasing importance of data-driven decision-making in a rapidly evolving business environment.
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The global Data Mining Tools market, valued at $612.4 million in 2025, is projected to experience robust growth, driven by the increasing volume and variety of data generated across industries and the rising need for extracting actionable insights. The Compound Annual Growth Rate (CAGR) of 6.7% from 2025 to 2033 signifies a substantial expansion, propelled by several key factors. The burgeoning adoption of cloud-based data mining tools offers scalability and cost-effectiveness, attracting businesses of all sizes. Furthermore, advancements in artificial intelligence (AI) and machine learning (ML) are enhancing the capabilities of these tools, enabling more sophisticated analytics and predictive modeling. Specific application areas like BFSI (Banking, Financial Services, and Insurance), Healthcare and Life Sciences, and Telecom and IT are significant contributors to market growth, fueled by the need for risk management, personalized medicine, and customer relationship management respectively. While data security and privacy concerns represent a potential restraint, the overall market outlook remains positive, driven by continuous technological innovations and increasing digitalization across industries. The market segmentation reveals a preference for cloud-based solutions over on-premises deployments, reflecting the growing demand for flexible and scalable analytics infrastructure. Leading players like IBM, SAS Institute, and Oracle are consolidating their market share through strategic partnerships and continuous product development. However, the emergence of agile and specialized data mining startups is also intensifying competition. Geographic distribution shows strong growth in North America and Europe, driven by early adoption of advanced analytics techniques. However, the Asia-Pacific region is expected to emerge as a significant growth driver in the coming years due to increasing digitalization and government initiatives promoting data-driven decision-making. The historical period (2019-2024) likely saw a similar growth trajectory, setting the stage for the forecasted expansion during 2025-2033. The continued integration of data mining tools with other business intelligence platforms is expected to further fuel market expansion.
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Please cite the following paper when using this dataset:N. Thakur, V. Su, M. Shao, K. Patel, H. Jeong, V. Knieling, and A.Bian “A labelled dataset for sentiment analysis of videos on YouTube, TikTok, and other sources about the 2024 outbreak of measles,” arXiv [cs.CY], 2024. Available: https://doi.org/10.48550/arXiv.2406.07693AbstractThis dataset contains the data of 4011 videos about the ongoing outbreak of measles published on 264 websites on the internet between January 1, 2024, and May 31, 2024. These websites primarily include YouTube and TikTok, which account for 48.6% and 15.2% of the videos, respectively. The remainder of the websites include Instagram and Facebook as well as the websites of various global and local news organizations. For each of these videos, the URL of the video, title of the post, description of the post, and the date of publication of the video are presented as separate attributes in the dataset. After developing this dataset, sentiment analysis (using VADER), subjectivity analysis (using TextBlob), and fine-grain sentiment analysis (using DistilRoBERTa-base) of the video titles and video descriptions were performed. This included classifying each video title and video description into (i) one of the sentiment classes i.e. positive, negative, or neutral, (ii) one of the subjectivity classes i.e. highly opinionated, neutral opinionated, or least opinionated, and (iii) one of the fine-grain sentiment classes i.e. fear, surprise, joy, sadness, anger, disgust, or neutral. These results are presented as separate attributes in the dataset for the training and testing of machine learning algorithms for performing sentiment analysis or subjectivity analysis in this field as well as for other applications. The paper associated with this dataset (please see the above-mentioned citation) also presents a list of open research questions that may be investigated using this dataset.
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Data supporting the Master thesis "Monitoring von Open Data Praktiken - Herausforderungen beim Auffinden von Datenpublikationen am Beispiel der Publikationen von Forschenden der TU Dresden" (Monitoring open data practices - challenges in finding data publications using the example of publications by researchers at TU Dresden) - Katharina Zinke, Institut für Bibliotheks- und Informationswissenschaften, Humboldt-Universität Berlin, 2023
This ZIP-File contains the data the thesis is based on, interim exports of the results and the R script with all pre-processing, data merging and analyses carried out. The documentation of the additional, explorative analysis is also available. The actual PDFs and text files of the scientific papers used are not included as they are published open access.
The folder structure is shown below with the file names and a brief description of the contents of each file. For details concerning the analyses approach, please refer to the master's thesis (publication following soon).
## Data sources
Folder 01_SourceData/
- PLOS-Dataset_v2_Mar23.csv (PLOS-OSI dataset)
- ScopusSearch_ExportResults.csv (export of Scopus search results from Scopus)
- ScopusSearch_ExportResults.ris (export of Scopus search results from Scopus)
- Zotero_Export_ScopusSearch.csv (export of the file names and DOIs of the Scopus search results from Zotero)
## Automatic classification
Folder 02_AutomaticClassification/
- (NOT INCLUDED) PDFs folder (Folder for PDFs of all publications identified by the Scopus search, named AuthorLastName_Year_PublicationTitle_Title)
- (NOT INCLUDED) PDFs_to_text folder (Folder for all texts extracted from the PDFs by ODDPub, named AuthorLastName_Year_PublicationTitle_Title)
- PLOS_ScopusSearch_matched.csv (merge of the Scopus search results with the PLOS_OSI dataset for the files contained in both)
- oddpub_results_wDOIs.csv (results file of the ODDPub classification)
- PLOS_ODDPub.csv (merge of the results file of the ODDPub classification with the PLOS-OSI dataset for the publications contained in both)
## Manual coding
Folder 03_ManualCheck/
- CodeSheet_ManualCheck.txt (Code sheet with descriptions of the variables for manual coding)
- ManualCheck_2023-06-08.csv (Manual coding results file)
- PLOS_ODDPub_Manual.csv (Merge of the results file of the ODDPub and PLOS-OSI classification with the results file of the manual coding)
## Explorative analysis for the discoverability of open data
Folder04_FurtherAnalyses
Proof_of_of_Concept_Open_Data_Monitoring.pdf (Description of the explorative analysis of the discoverability of open data publications using the example of a researcher) - in German
## R-Script
Analyses_MA_OpenDataMonitoring.R (R-Script for preparing, merging and analyzing the data and for performing the ODDPub algorithm)
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The global market for data mining tools is experiencing robust growth, projected to reach $882.8 million in 2025. While the provided CAGR is missing, considering the rapid advancements in artificial intelligence, machine learning, and big data analytics, a conservative estimate of the Compound Annual Growth Rate (CAGR) for the forecast period (2025-2033) would be around 15%. This signifies a significant expansion of the market, driven by the increasing need for businesses to extract valuable insights from massive datasets for improved decision-making, enhanced operational efficiency, and competitive advantage. Key drivers include the rising adoption of cloud-based data mining solutions, the proliferation of big data, and growing investments in advanced analytics capabilities across various sectors like healthcare, finance, and retail. Furthermore, the continuous development of sophisticated algorithms and user-friendly interfaces is making data mining accessible to a wider range of users, fueling market growth. The market is highly competitive, with established players like IBM, SAS Institute, Oracle, and Microsoft alongside emerging innovative companies like H2O.ai and Dataiku vying for market share. The segmentation of the market is diverse, encompassing various deployment models (cloud, on-premise), application types (predictive modeling, customer segmentation, fraud detection), and industry verticals. While restraints such as the high cost of implementation and the need for specialized skills can hinder wider adoption, the overall market outlook remains positive. The predicted CAGR of 15% suggests the market will likely exceed $3 billion by 2033, driven by continued technological innovation, increasing data volumes, and the growing recognition of data mining's crucial role in achieving business success in an increasingly data-driven world.
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The Data Mining Tools Market size was valued at USD 1.01 USD billion in 2023 and is projected to reach USD 1.99 USD billion by 2032, exhibiting a CAGR of 10.2 % during the forecast period. The growing adoption of data-driven decision-making and the increasing need for business intelligence are major factors driving market growth. Data mining refers to filtering, sorting, and classifying data from larger datasets to reveal subtle patterns and relationships, which helps enterprises identify and solve complex business problems through data analysis. Data mining software tools and techniques allow organizations to foresee future market trends and make business-critical decisions at crucial times. Data mining is an essential component of data science that employs advanced data analytics to derive insightful information from large volumes of data. Businesses rely heavily on data mining to undertake analytics initiatives in the organizational setup. The analyzed data sourced from data mining is used for varied analytics and business intelligence (BI) applications, which consider real-time data analysis along with some historical pieces of information. Recent developments include: May 2023 – WiMi Hologram Cloud Inc. introduced a new data interaction system developed by combining neural network technology and data mining. Using real-time interaction, the system can offer reliable and safe information transmission., May 2023 – U.S. Data Mining Group, Inc., operating in bitcoin mining site, announced a hosting contract to deploy 150,000 bitcoins in partnership with major companies such as TeslaWatt, Sphere 3D, Marathon Digital, and more. The company is offering industry turn-key solutions for curtailment, accounting, and customer relations., April 2023 – Artificial intelligence and single-cell biotech analytics firm, One Biosciences, launched a single cell data mining algorithm called ‘MAYA’. The algorithm is for cancer patients to detect therapeutic vulnerabilities., May 2022 – Europe-based Solarisbank, a banking-as-a-service provider, announced its partnership with Snowflake to boost its cloud data strategy. Using the advanced cloud infrastructure, the company can enhance data mining efficiency and strengthen its banking position.. Key drivers for this market are: Increasing Focus on Customer Satisfaction to Drive Market Growth. Potential restraints include: Requirement of Skilled Technical Resources Likely to Hamper Market Growth. Notable trends are: Incorporation of Data Mining and Machine Learning Solutions to Propel Market Growth.