The 5th International Conference on Mining Intelligence and Knowledge Exploration (MIKE-2017) began at IDRBT on December 13, 2017. The conference was inaugurated by Shri H. R. Khan, Former Deputy Governor, Reserve Bank of India.
The conference, spread over three days from December 13-15, 2017, is an interdisciplinary conference that presents the latest research from the domains of Learning Algorithms, Data Mining, Machine Learning, Knowledge Exploration, Large-scale Data Analytics, Big Data, Soft Computing, Information Systems, etc. Some of the previous editions of the MIKE were hosted by other prestigious institutions such as National Polytechnic Institute, Mexico City, Mexico (2016) and National University of Ireland, Cork, Ireland, (2014).
Dr. A. S. Ramasastri, Director, IDRBT, welcomed the dignitaries and participants of the MIKE-2017. In his welcome address, Dr. Ramasastri highlighted the following key points:
Shri H. R. Khan, Former Deputy Governor, Reserve Bank of India, inaugurated the international conference and released the fifth volume of IDRBT Staff Paper Series on Analytics.
In his inaugural address, Shri Khan spoke on “Digital Financial Services and Payment Systems”. He suggested an I-framework for the digital financial services, which are as follows:
"These are the blocks which are propelling and will take digital financial services to a much higher level. And in the next few years we will see, India becomes a less-cash society and highly efficient and effective in terms of penetration of digital financial services," he said.
He concluded his talk by saying that the conference should enable collaboration of researchers and practitioners i.e., coming together of research and industry. He said that mining data with intelligence and knowledge exploration through cognitive technologies and analytics would provide invaluable offering for banking and financial systems.
MIKE 2017 brings together eminent researchers and practitioners from USA, Russia, Portugal, Norway, South Korea, Mexico, Columbia, Algeria, India, Bangladesh, etc., who would be presenting 40 peer reviewed research papers addressing various application aspects and advances in the areas of Artificial Intelligence, Machine Learning, Data Mining and Information Retrieval, Image Analysis, Pattern Recognition and Computer Vision, Speech/Signal Processing, Text Mining and Natural Language Processing, Social Media and Big Data Analysis, Intelligent Security Systems, and Smart and Intelligent Systems.
The papers are authored by leading researchers from across the globe including Moscow State University, Russia; University of Kentucky, USA; Norwegian University of Science and Technology, Norway; University of Cauca, Columbia; University of Minho, Portugal; Peking University, China; Bangladesh University of Engineering and Technology, Bangladesh, etc. A total of 139 submissions were received for MIKE – 2017 and the acceptance rate is 28.78%.
A galaxy of renowned international researchers including Prof. Sung-Bae Cho, Yonsei University, Korea; Prof. Alexander Gelbukh, Instituto Politécnico Nacional, Mexico; Prof. Sankar Kumar Pal, Distinguished Scientist and Former Director, Indian Statistical Institute, Kolkata, India; and Prof. N. Subba Reddy, Gyeongsang National University, Jinju, Korea, are participating in the conference.
The MIKE also includes two half-a-day workshops focused on key emerging areas:
On the occasion, Shri H. R. Khan, Former Deputy Governor, Reserve Bank of India also released IDRBT Staff Paper Series on Analytics.
With the unprecedented growth in both banking and payment transactions in digital form, banks have been becoming repositories of large volumes of varied data piling up at a great velocity. The more the data available, more informed the decisions would be, provided the data is analysed quickly and meaningfully.
Banks have recognized the strength of analytics in their Customer Relationship Management (CRM). As the discipline of analytics is getting enriched with more sophisticated techniques, banks need to continuously upgrade and update their solutions.
In the second Gyan Sangam meeting of the heads of banks along with top officials of Government and Reserve Bank India, there has been considerable discussion on the use of analytics. There is a consensus that analytics is very useful to banks and that banks have to evolve strategies to build analytics-based solutions for many of their activities. There have been suggestions to prepare criteria to assess the degree of implementation and the impact of the same on banks’ business and profitability.
It is in this background that IDRBT chose to bring out its fifth volume of Staff Paper Series with the theme of Analytics, which consists of three articles as mentioned below:
The three articles covered will help in the increase in usage of Analytics in Banking. The Staff Paper Series has been helping the Institute in presenting the latest research carried out by the Institute in various areas related to Banking Technology. The previous Staff Paper Series focused on Mobile Banking, Payment Systems, Cloud Computing and Biometrics.