Actionable knowledge discovery

Actionable knowledge has been qualitatively and intensively studied in the social sciences. Its marriage with data mining is only a recent story. It is a reality that the so-called knowledge discovered from data by following the classic frameworks often cannot support meaningful decision-making actions. This shows the poor relationship and significant gap between data mining research and practice, and between knowledge, power, and action, and forms an increasing imbalance between research outcomes and business needs. A paradigm shift from knowledge discovery from data to actionable knowledge discovery and delivery is necessary for data science. Actionable knowledge discovery and delivery (AKD) needs to systematically consider/involve problems, data, environment, model and decisions, as well as optimization in data science and analytics.   More…

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