Question Paper Solutions of chapter Overview of data mining and predictive analytics of Data Mining, 6th Semester , B.Tech in Computer Science & Engineering (Artificial Intelligence and Machine Learning)

Data Mining Tools Market Outlook

According to our latest research, the global Data Mining Tools market size reached USD 1.93 billion in 2024, reflecting robust industry momentum. The market is expected to grow at a CAGR of 12.7% from 2025 to 2033, reaching a projected value of USD 5.69 billion by 2033. This growth is primarily driven by the increasing adoption of advanced analytics across diverse industries, rapid digital transformation, and the necessity for actionable insights from massive data volumes.

One of the pivotal growth factors propelling the Data Mining Tools market is the exponential rise in data generation, particularly through digital channels, IoT devices, and enterprise applications. Organizations across sectors are leveraging data mining tools to extract meaningful patterns, trends, and correlations from structured and unstructured data. The need for improved decision-making, operational efficiency, and competitive advantage has made data mining an essential component of modern business strategies. Furthermore, advancements in artificial intelligence and machine learning are enhancing the capabilities of these tools, enabling predictive analytics, anomaly detection, and automation of complex analytical tasks, which further fuels market expansion.

Another significant driver is the growing demand for customer-centric solutions in industries such as retail, BFSI, and healthcare. Data mining tools are increasingly being used for customer relationship management, targeted marketing, fraud detection, and risk management. By analyzing customer behavior and preferences, organizations can personalize their offerings, optimize marketing campaigns, and mitigate risks. The integration of data mining tools with cloud platforms and big data technologies has also simplified deployment and scalability, making these solutions accessible to small and medium-sized enterprises (SMEs) as well as large organizations. This democratization of advanced analytics is creating new growth avenues for vendors and service providers.

The regulatory landscape and the increasing emphasis on data privacy and security are also shaping the development and adoption of Data Mining Tools. Compliance with frameworks such as GDPR, HIPAA, and CCPA necessitates robust data governance and transparent analytics processes. Vendors are responding by incorporating features like data masking, encryption, and audit trails into their solutions, thereby enhancing trust and adoption among regulated industries. Additionally, the emergence of industry-specific data mining applications, such as fraud detection in BFSI and predictive diagnostics in healthcare, is expanding the addressable market and fostering innovation.

From a regional perspective, North America currently dominates the Data Mining Tools market owing to the early adoption of advanced analytics, strong presence of leading technology vendors, and high investments in digital transformation. However, the Asia Pacific region is emerging as a lucrative market, driven by rapid industrialization, expansion of IT infrastructure, and growing awareness of data-driven decision-making in countries like China, India, and Japan. Europe, with its focus on data privacy and digital innovation, also represents a significant market share, while Latin America and the Middle East & Africa are witnessing steady growth as organizations in these regions modernize their operations and adopt cloud-based analytics solutions.

Component Analysis

The Component segment of the Data Mining Tools market is bifurcated into Software and Services. Software remains the dominant segment, accounting for the majority of the market share in 2024. This dominance is attributed to the continuous evolution of data mining algorithms, the proliferation of user-friendly graphical interfaces, and the integration of advanced analytics capabilities such as machine learning, artificial intelligence, and natural language pro

List of Top Schools of Big Data Mining and Analytics sorted by citations.

Dataset

This dataset was created by liyanonline

Contents

Title: Identifying Factors that Affect Entrepreneurs’ Use of Data Mining for Analytics Authors: Edward Matthew Dominica, Feylin Wijaya, Andrew Giovanni Winoto, Christian Conference: The 4th International Conference on Electrical, Computer, Communications, and Mechatronics Engineering https://www.iceccme.com/home

This dataset was created to support research focused on understanding the factors influencing entrepreneurs’ adoption of data mining techniques for business analytics. The dataset contains carefully curated data points that reflect entrepreneurial behaviors, decision-making criteria, and the role of data mining in enhancing business insights.

Researchers and practitioners can leverage this dataset to explore patterns, conduct statistical analyses, and build predictive models to gain a deeper understanding of entrepreneurial adoption of data mining.

Intended Use: This dataset is designed for research and academic purposes, especially in the fields of business analytics, entrepreneurship, and data mining. It is suitable for conducting exploratory data analysis, hypothesis testing, and model development.

Citation: If you use this dataset in your research or publication, please cite the paper presented at the ICECCME 2024 conference using the following format: Edward Matthew Dominica, Feylin Wijaya, Andrew Giovanni Winoto, Christian. Identifying Factors that Affect Entrepreneurs’ Use of Data Mining for Analytics. The 4th International Conference on Electrical, Computer, Communications, and Mechatronics Engineering (2024).

Explore the dynamic Data Mining Software market forecast (2025-2033) with a 12.5% CAGR. Uncover key drivers, restraints, and trends shaping analytics for large enterprises and SMEs.

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.

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.

Data Mining Tools Market size was valued at USD 915.42 Million in 2024 and is projected to reach USD 2171.21 Million by 2032, growing at a CAGR of 11.40% from 2026 to 2032.• Big Data Explosion: Exponential growth in data generation from IoT devices, social media, mobile applications, and digital transactions is creating massive datasets requiring advanced mining tools for analysis. Organizations need sophisticated solutions to extract meaningful insights from structured and unstructured data sources for competitive advantage.• Digital Transformation Initiatives: Accelerating digital transformation across industries is driving demand for data mining tools that enable data-driven decision making and business intelligence. Companies are investing in analytics capabilities to optimize operations, improve customer experiences, and develop new revenue streams through data monetization strategies.

List of Top Institutions of Big Data Mining and Analytics sorted by citations.

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).

Global Predictive Analytics Market size worth at USD 16.19 Billion in 2023 and projected to USD 113.8 Billion by 2032, with a CAGR of around 24.19% between 2024-2032.

The U.S. Data Analysis Storage Management market is projected to be valued at $10 billion in 2024, driven by factors such as increasing consumer awareness and the rising prevalence of industry-specific trends. The market is expected to grow at a CAGR of 12%, reaching approximately $31 billion by 2034.

This data set belongs to the paper "Video-to-Model: Unsupervised Trace Extraction from Videos for Process Discovery and Conformance Checking in Manual Assembly", submitted on March 24, 2020, to the 18th International Conference on Business Process Management (BPM).Abstract: Manual activities are often hidden deep down in discrete manufacturing processes. For the elicitation and optimization of process behavior, complete information about the execution of Manual activities are required. Thus, an approach is presented on how execution level information can be extracted from videos in manual assembly. The goal is the generation of a log that can be used in state-of-the-art process mining tools. The test bed for the system was lightweight and scalable consisting of an assembly workstation equipped with a single RGB camera recording only the hand movements of the worker from top. A neural network based real-time object classifier was trained to detect the worker’s hands. The hand detector delivers the input for an algorithm, which generates trajectories reflecting the movement paths of the hands. Those trajectories are automatically assigned to work steps using the position of material boxes on the assembly shelf as reference points and hierarchical clustering of similar behaviors with dynamic time warping. The system has been evaluated in a task-based study with ten participants in a laboratory, but under realistic conditions. The generated logs have been loaded into the process mining toolkit ProM to discover the underlying process model and to detect deviations from both, instructions and ground truth, using conformance checking. The results show that process mining delivers insights about the assembly process and the system’s precision.The data set contains the generated and the annotated logs based on the video material gathered during the user study. In addition, the petri nets from the process discovery and conformance checking conducted with ProM (http://www.promtools.org) and the reference nets modeled with Yasper (http://www.yasper.org/) are provided.

Distributed data mining from privacy-sensitive multi-party data is likely to play an important role in the next generation of integrated vehicle health monitoring systems. For example, consider an airline manufacturer [tex]$\mathcal{C}$[/tex] manufacturing an aircraft model [tex]$A$[/tex] and selling it to five different airline operating companies [tex]$\mathcal{V}_1 \dots \mathcal{V}_5$[/tex]. These aircrafts, during their operation, generate huge amount of data. Mining this data can reveal useful information regarding the health and operability of the aircraft which can be useful for disaster management and prediction of efficient operating regimes. Now if the manufacturer [tex]$\mathcal{C}$[/tex] wants to analyze the performance data collected from different aircrafts of model-type [tex]$A$[/tex] belonging to different airlines then central collection of data for subsequent analysis may not be an option. It should be noted that the result of this analysis may be statistically more significant if the data for aircraft model [tex]$A$[/tex] across all companies were available to [tex]$\mathcal{C}$[/tex]. The potential problems arising out of such a data mining scenario are:

IntroductionHospitals have seen a rise in Medical Emergency Team (MET) reviews. We hypothesised that the commonest MET calls result in similar treatments. Our aim was to design a pre-emptive management algorithm that allowed direct institution of treatment to patients without having to wait for attendance of the MET team and to model its potential impact on MET call incidence and patient outcomes.MethodsData was extracted for all MET calls from the hospital database. Association rule data mining techniques were used to identify the most common combinations of MET call causes, outcomes and therapies.ResultsThere were 13,656 MET calls during the 34-month study period in 7936 patients. The most common MET call was for hypotension [31%, (2459/7936)]. These MET calls were strongly associated with the immediate administration of intra-venous fluid (70% [1714/2459] v 13% [739/5477] p

Discover the explosive growth of the Data Mining Tools market, projected to reach $1 Billion+ by 2033. This in-depth analysis reveals key market drivers, trends, and regional insights, featuring leading companies like IBM, SAS, and Oracle. Explore cloud-based solutions, AI integration, and application segments driving this lucrative market.

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.

This research explored what happens when social media data mining becomes ordinary and is carried out by organisations that might be seen as the pillars of everyday life. The interviews on which the transcripts are based are discussed in Chapter 6 of the book. The referenced book contains a description of the methods. No other publications resulted from working with these transcripts.

Unlock the power of your unstructured data! Explore the booming Text & Data Mining market, projected to reach significant growth by 2033. Discover key trends, leading companies like IBM & SAS, and regional market insights in this comprehensive analysis.