KNOXVILLE — Researchers from across the nation and at least 15 countries are expected here next week for a conference on using large, complex databases in forecasting trends.
The University of Tennessee College of Business Administration and the Department of Statistics will host an international data mining conference June 22-25 at the Marriott hotel.
The meeting is named for Dr. C. Warren Neel, Tennessee Commissioner of Business and Finance and former dean of the business college.
Data mining is the process of selecting and exploring large amounts of complex information using statistical techniques to discover hidden patterns in the data, Dr. Hamparsum Bozdogan, conference chairman, said.
Dr. Hamparsum Bozdogan, UT McKenzie Professor of Business
Participants will discuss the use of data mining in areas such as market segmentation, customer choice behavior, manufacturing, power plant load forecasting, and credit scoring, he said.
The Wall Street Journal reported May 8, 2002, that states are turning to powerful computer systems that can analyze and cross-match vast databases to uncover delinquent taxpayers who might have previously gone unnoticed.
Bozdogan, who is the UT McKenzie Professor of Business, said revenues generated from data mining, knowledge discovery and pattern recognition enterprise are estimated to exceed $18 billion in the United States.
Participants are expected from Europe, Australia and New Zealand, Japan, Singapore, South Africa, the Ukraine and the Middle East, he said.
Conference co-sponsors include SAS Institute of Cary, N.C., the UT Science Alliance, Oak Ridge National Laboratory, the UT Office of Research Administration, Statistical Innovations Corp., the Center of Information Technology and Research and the Classification Society of North America.