TEXTUAL DATA MINING FOR NEXT GENERATION INTELLIGENT DECISION MAKING IN INDUSTRIAL ENVIRONMENT: A SURVEY

Abstract

This paper proposes textual data mining as a next generation intelligent decision making technology for sustainable knowledge management solutions in any industrial environment. A detailed survey of applications of Data Mining techniques for exploiting information from different data formats and transforming this information into knowledge is presented in the literature survey. The focus of the survey is to show the power of different data mining techniques for exploiting information from data. The literature surveyed in this paper shows that intelligent decision making is of great importance in many contexts within manufacturing, construction and business generally. Business intelligence tools, which can be interpreted as decision support tools, are of increasing importance to companies for their success within competitive global markets. However, these tools are dependent on the relevancy, accuracy and overall quality of the knowledge on which they are based and which they use. Thus the research work presented in the paper uncover the importance and power of different data mining techniques supported by text mining methods used to exploit information from semi-structured or un-structured data formats. A great source of information is available in these formats and when exploited by combined efforts of data and text mining tools help the decision maker to take effective decision for the enhancement of business of industry and discovery of useful knowledge is made for next generation of intelligent decision making. Thus the survey shows the power of textual data mining as the next generation technology for intelligent decision making in the industrial environment.