Domain-driven actionable knowledge discovery in the real world

Actionable knowledge discovery 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. © Springer-Verlag Berlin Heidelberg 2006