This article discusses the impact of data mining in the automotive industry, focusing on how it improves business processes and decision making. It explores the benefits of data mining in marketing, fuel management, and understanding customer needs. The article also addresses the ethical issues and challenges associated with data mining technology.
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Running Head:IMPACT OF DATA MINING IN AUTOMATIVE INDUSTRY IMPACT OF DATA MINING IN AUTOMATIVE INDUSTRY Name of the Student Name of the University Author Note
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1IMPACT OF DATA MINING IN AUTOMATIVE INDUSTRY Table of Contents Part 1..........................................................................................................................................2 Part 2..........................................................................................................................................2 Part 3..........................................................................................................................................3 Part 4..........................................................................................................................................4 Process model diagram..............................................................................................................6 Transcription..............................................................................................................................8 References..................................................................................................................................9
2IMPACT OF DATA MINING IN AUTOMATIVE INDUSTRY Part 1 Data mining technology have been gaining importance in a drastic rate. Analytics is the process that is benefitted. This technology have been a major change that has been influencing the process of data analytics. Predictive analysis with the help of the usage of the data mining technology have been bettering the business making process of the automotive industry. The data that are collected ensures the fact that the accuracy of the collected data will be very high (Al-Mubayyedet al, 2019). Hence if the doling out of the business organization was performed the main instance that is considered includes better marketing processing of the automotive industry. Data mining also helps the automotive industry in the process that will ensure that better execution of the designing process can be made. This is one of the chief aspect that proper implementation of the architecture process can be performed in a better and accurate manner. This aspect delivers improved understanding of the architecture that will be benefitting the functional process of the automotive industry. Part 2 3 processes by which data mining will incorporate eruption are as follows: - ï‚·Understanding of the design that will be helping in bettering the design system will be beneficial in the processing of the efficiency increasing process. This is one of the major instance that benefits that are gained as per the execution of the project of automotiveincludestheissuethatunderstandingof theissuesthathavebeen occurring in the process of the designing (Santos et al, 2017). ï‚·Marketing of the products are another major aspect that increases the processing of the data mining functioning. Again with the help of the data mining understanding of the business management system requirement of the clients gets enhanced and hence the understanding of the need of the customers gets easier. With proper understanding
3IMPACT OF DATA MINING IN AUTOMATIVE INDUSTRY of the requirement proper advertisements can be made as per the commencing of the needs of the clients. ï‚·Fuel management via data mining gets easier. With the help of fuel mining the main advantage that will be receiving includes the fact that clients will be getting positively affected (Yan et al, 2017). This imbibes that the data regarding the fuel present in the car is measured and provided to the driver or owner of the car. Hence management of fuel gets easier. Part 3 Market: Data mining has been providing high facilities to the automotive industry internal stakeholders. With the help of data mining it gets easier for understanding the needs of the people who will be using the automotive (Cheng et al, 2016). This guarantees that the data that are poised can be used for creation of the architecture in a manner that will satisfy the requirement of the stakeholders and hence the architecture process will get enhance and hence capturing of market will get easier. Law: Data mining helps in getting accustomed with the legal issues that are faced by the previous brands of the automotive. This helps in bettering the processing of the business management section. This will ensure that proper management of the legal abidance will be present and hence legal issues can be mitigated. This will help in better commencing the business management. Architecture: Artificial Intelligence are the major introduction that helps in bettering thefunctioningsystemoftheautomotiveindustry.Thisenhancesthefactthat implementation of AI the decision making process gets easy (Purret al, 2016). Norm: Ethical dilemma is present in the system. Due to the implementation of data mining the main feature that is occupied into contemplation includes the fact that data that are
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4IMPACT OF DATA MINING IN AUTOMATIVE INDUSTRY collected are stored and hence kept as the reference set and used as exemplary. This enhances the fact that the privacy issues can be mitigated. Hence inclusion of this issue has been the major reason of the data segmentation and not much inclusion of the technology Part 4 Before implementation Events Surveys are conducted for understanding the requirements of the project. This ensures that collection of data for understanding of the project management process will get affected. This will ensure that the data that will be collected will enhance the commencing process of the business management (Wittenet al, 2016). Hence architecture process is performed as per the data that are generated via the survey that is conducted. With the help of the statistics poised enhancement of the architecture process was performed. Sample population is used for this process. Activities Preparing of the data modelling as per the interviews that is conducted requires a vivid set of activities. These activities includes making questionnaires. Setting up of the survey team. Taking into consideration of the random sample, conduct the survey (Kašćelan, Kašćelan & Novović Burić 2016). After conduction of the survey the main aspect that is considered is that better management of the architecture development. After the data is collected, proper analysis of the data will be made. Hence the analysis of the data will be effecting the architecture in a proper manner, Decision points
5IMPACT OF DATA MINING IN AUTOMATIVE INDUSTRY Decision points are not highly rated as the data that are collected are due to the manual research processes. Actors Internal and external stakeholders of the automotive industries are the actors of the project. Outcomes The outcome that is gained includes the fact that it is not much innovative and the entire process is laborious. After Implementation Events:Architectureprocesshasbeengettingbenefittedandhencethe commencement of architecture gets performed in a manner that will benefit the designing process. With the help of the data mining process, the main advantage that is received comprises of better understanding of the required architecture with the data that are already gathered. With AI implemented in the process of the data analysis the decision making process gets easier and hence choosing of the architecture also gets easier. This ease in the decision making regarding choosing of the architecture as per the analyzed data, accuracy of the decision making also prevails. This high accuracy insists that proper management of the architecture that is selected will yield higher efficiency (van der Vegte 2016). Activities: the activity list enrolls the processing of the data analysis via data mining process. With the help of the data analysis proper decision making regarding the selection of the architecture can be made. Hence proper understanding of the client requirements can be estimatedand predicted.Thispredictionwill be based on the history of the client’s requirement. This process is considerably much cheaper than that of the traditional method.
6IMPACT OF DATA MINING IN AUTOMATIVE INDUSTRY Decision points: Decision point acts vital in the process. The chief feature that the vitality of the project remains in the section that commencing of the project gets better. This is one of the key characteristic that proper thoughtful of the business management getsmade in a manner and hence decision making with the help of the collected data gets easier. With higher accuracy in the collected data decision point gets more efficient. Actors: Internal and external stakeholders of the automotive industries are the actors of the project. Outcome: Highly positive outcome is desired with high return of the investment in the process. Process model diagram Without data mining Figure 1: Process model diagram (Created by author)
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7IMPACT OF DATA MINING IN AUTOMATIVE INDUSTRY Data mining implemented Figure 2: Process model diagram (Created by author)
8IMPACT OF DATA MINING IN AUTOMATIVE INDUSTRY Transcription Hi, hope you are having a nice day. This video discusses about the benefits and the disruption that is brought into the field of the automotive industry. This ensures that the data mining in the field of automotive industry will be providing higher benefits and increase the efficiency in the process of management of the system. In the initial stages of the project the main aspect that is taken into consideration is that the data that are used via the platform of data mining helps in having higher accuracy in decision making of the strategy implementation process. With the help of the data mining process proper understanding of the architecture that is to be implemented for fulfilling of the demands of the clients can be well understood. This ensures that the benefits that they want from the automotive industry will be received by them as the architecture is designed as per their demands and needs. Another major benefit that will be received by the automotive industry includes providing higher efficiency in the marketing sector of the business management. With the help of the projection of the data management section and collection of the data that are required for understanding the needs of the client’s proper advertisements can be created. With proper creation of the advertisement reaching out the people and the mass gets easier. Hence benefitting the processing of the business management of the automotive industry. As per the industry norms, few ethical issues are also present in case of the data mining technology, the major ethical issue that is created includes the fact that the data that is being analyzed or is compared via this platform gets stored in the data base and hence privacy issues might arise. Hence ethical dilemma arises. Despite tis ethical dilemma their are several advantages due to which the acceptance of the technology has been very high.
9IMPACT OF DATA MINING IN AUTOMATIVE INDUSTRY
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10IMPACT OF DATA MINING IN AUTOMATIVE INDUSTRY References Al-Mubayyed, O. M., Abu-Nasser, B. S., & Abu-Naser, S. S. (2019). Predicting Overall Car Performance Using Artificial Neural Network. Cheng, G. J., Liu, L. T., Qiang, X. J., & Liu, Y. (2016, June). Industry 4.0 development and applicationofintelligentmanufacturing.In2016internationalconferenceon information system and artificial intelligence (ISAI)(pp. 407-410). IEEE. Kašćelan, V., Kašćelan, L., & Novović Burić, M. (2016). A nonparametric data mining approach for risk prediction in car insurance: a case study from the Montenegrin market.Economic research-Ekonomska istraživanja,29(1), 545-558. Purr, S., Meinhardt, J., Lipp, A., Werner, A., Ostermair, M., & Glück, B. (2015). Stamping plant 4.0–basics for the application of data mining methods in manufacturing car body parts. InKey Engineering Materials(Vol. 639, pp. 21-30). Trans Tech Publications. Santos, M. Y., e Sá, J. O., Andrade, C., Lima, F. V., Costa, E., Costa, C., ... & Galvão, J. (2017). A big data system supporting bosch braga industry 4.0 strategy.International Journal of Information Management,37(6), 750-760. van der Vegte, W. F. (2016, August). Taking Advantage of Data Generated by Products: Trends,OpportunitiesandChallenges.InASME2016InternationalDesign Engineering Technical Conferences and Computers and Information in Engineering Conference(pp. V01BT02A025-V01BT02A025). American Society of Mechanical Engineers. Witten, I. H., Frank, E., Hall, M. A., & Pal, C. J. (2016).Data Mining: Practical machine learning tools and techniques. Morgan Kaufmann.
11IMPACT OF DATA MINING IN AUTOMATIVE INDUSTRY Yan, J., Meng, Y., Lu, L., & Li, L. (2017). Industrial big data in an industry 4.0 environment: Challenges, schemes, and applications for predictive maintenance.IEEE Access,5, 23484-23491.