Artificial Intelligence | News | Insights | AiThority
[bsfp-cryptocurrency style=”widget-18″ align=”marquee” columns=”6″ coins=”selected” coins-count=”6″ coins-selected=”BTC,ETH,XRP,LTC,EOS,ADA,XLM,NEO,LTC,EOS,XEM,DASH,USDT,BNB,QTUM,XVG,ONT,ZEC,STEEM” currency=”USD” title=”Cryptocurrency Widget” show_title=”0″ icon=”” scheme=”light” bs-show-desktop=”1″ bs-show-tablet=”1″ bs-show-phone=”1″ custom-css-class=”” custom-id=”” css=”.vc_custom_1523079266073{margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}”]

New Algorithm by Pusan National University Scientists Can Repair Missing Data in Event Logs with Superior Accuracy

Digitalization has enabled businesses to record their operations in event logs where each activity in a business process is recorded as data with certain attributes such as a timestamp, event name etc. These logs are helpful as they give an overview of the operations and can be used to develop process models that optimize the business process. However, the quality of the optimization process is only as good as the data stored and event logs with missing events lead to poor analysis and data models.

In a collaborative study, researchers from Pusan National UniversitySouth Korea, including Dr. Sunghyun Sim and Prof. Hyerim Bae, along with Prof. Ling Liu from Georgia Institute of Technology have developed a method that can restore missing data in an event log. The study, published in IEEE Transactions on Services Computing, uses imputation methods that use correlations between available data to find missing information. “Since data is collected from multiple perspectives in numerous information systems, there is a relationship between the collected data. Starting with this point, our study suggested a method of restoring missing event values by utilizing the relationship among entities in the event log, which can overcome human error or system,” explains Dr. Sim.

Recommended AI News: Tencent Cloud Introduces China Connect Solution to Provide Global Enterprises with One-Stop Connection to China

PREDICTIONS-SERIES-2022

In event logs, events have attributes that are linked to other events in “single event” or “multiple event” relationships. In the former case, each attribute of an event corresponds to a unique attribute in another event. Based on this relationship, the researchers developed a Systematic Event Imputation (SEI) method that restores a missing value by simply referring to the available value it is linked to.

Related Posts
1 of 40,423

However, in the latter case where attributes have multiple correspondences, a simple matching of attributes is not possible. For such situations, a multiple event imputation (MEI) method was developed where missing events are first estimated and used to create event sequences or event chains. These sequences can be compared with an event log without missing data to restore the missing event attributes.

Recommended AI News: Israel’s AiVF Receives Approval to sell its AI-driven IVF Management Platform in the UK

These imputation methods were applied simultaneously by a bagging recurrent event imputation (BREI) algorithm, uses bootstrap sampling and recurrent event imputation (REI) to repair the event log. On tests with real-world event logs, the researchers found that their algorithm improved restoration accuracy by 10–30% compared to existing restoration algorithms. Moreover, it could restore almost 90% of the data accuracy even when more than half of it was missing.

Apart from optimizing business processes, the researchers are optimistic that such an algorithm can be extended to other applications that rely on the quality of data. One promising avenue lies in improving the data fed to AI systems and this method has the potential to accelerate the development of AI technologies. “It is possible to improve the performance of artificial intelligence by improving the quality of data in its learning process. The algorithm will also help prevent model malfunction by improving the quality of data it collects in real-time in a real-time environment,” elaborates Prof. Hyerim.

Recommended AI News: Enjinstarter to Launch 20 IDOs in December 2021 

[To share your insights with us, please write to sghosh@martechseries.com]

Comments are closed.