nep-ict New Economics Papers
on Information and Communication Technologies
Issue of 2005‒09‒17
two papers chosen by
Walter Frisch
University Vienna

  1. An Efficient Algorithm for Frequent Pattern Mining for Real-Time Business Intelligence Analytics in Dense Datasets By Rajanish Dass
  2. New Economy – The Behavioral Issues By Parikh Indira J; Kollan Bharti

  1. By: Rajanish Dass
    Abstract: Finding frequent patterns from databases has been the most time consuming process in data mining tasks, like association rule mining. Frequent pattern mining in real-time is of increasing thrust in many business applications such as e-commerce, recommender systems, and supply-chain management and group decision support systems, to name a few. A plethora of efficient algorithms have been proposed till date, among which, vertical mining algorithms have been found to be very effective, usually outperforming the horizontal ones. However, with dense datasets, the performances of these algorithms significantly degrade. Moreover, these algorithms are not suited to respond to the real-time need. In this paper, we describe BDFS(b)-diff-sets, an algorithm to perform real-time frequent pattern mining using diff-sets and limited computing resources. Empirical evaluations show that our algorithm can make a fair estimation of the probable frequent patterns and reaches some of the longest frequent patterns much faster than the existing algorithms.
    Date: 2005–08–17
  2. By: Parikh Indira J; Kollan Bharti
    Abstract: The paper 'New Economy - The behavioral Issues' focuses on the impact of the Information Technology. The IT virtually has sipped into the very existing structure of the mankind, be it a kitchen or a corporate office. The paper contains a description of some of the main characteristics of New Economy, as well as its terminology. The fundamental role of Information and Communication Technology is highlighted. Today, the organization is at the cross roads as it is going through a transition period by shedding the baggage of traditional mode of working and accepting as well as trying to absorb the fast pace changing environment of the IT world. The paper explores the various plethora of New Economy, which is becoming as an octopus. It talks about the presence of IT in the global world, society as well as its grip on organization. The paper also provides a glimpse of how it affects on the very life of human being. Overall, the paper gives an indication not only of the importance of 'New Economy' but also of how it inter-linkages with our behavioral pattern.
    Date: 2005–08–30

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