Poll Results: Where do you plan more data mining (KDnuggets News 08:01, item 1, Features)

KDnuggets : News : 2008 : n01 : item1

Features

Subject: Poll Results: Where do you plan more data mining

Previous KDnuggets Poll asked: Which analysis types / applications you plan to do more in 2008 (vs 2007)?

The top 5 analysis types were

Classification, 53.5%
Clustering/ Segmentation, 48.8%
Regression/ Forecasting, 38.8%
Association rules, 35.9%
Text mining, 23.5%

and the top 5 application areas are:

CRM/ consumer analytics, 32.9%
Finance / investments, 20.6%
Fraud detection, 15.9%
Biotech/ Medical/ Pharma, 14.7%
Advertising/ecommerce, 12.9%

Notes: About 95% of respondents were planning to use some new methods, and the average number of new methods was almost three (2.96).

About 80% of respondents had new applications, and the average number of new applications was close to two (2.05).

Here are top analysis types selected among respondents who chose these application areas. Note that Clustering is most associated with CRM and Fraud detection, while classification with Finance/Investments.

CRM/ consumer analytics: (avg 3.8 analysis types)
1. Clustering/ Segmentation
2. Classification
3. Regression/ Forecasting
4. Association rules
5. Web analytics

To see the methods most associated with Finance / investments, Fraud detection, and other application areas, see the full results of KDnuggets 2007 Poll:

Which analysis types / applications you plan to do more in 2008 (vs 2007)?

KDnuggets : News : 2008 : n01 : item1