- "Find it hard to extract and utilise valuable knowledge from the ever-increasing data deluge?" If so, this book will help, as it explores pattern recognition technology and its concomitant role in extracting useful information to build technical and business models to gain competitive industrial advantage.
- *Based on first-hand experience in the practice of pattern recognition technology and its development and deployment for profitable application in Industry.
- Phiroz Bhagat is often referred to as the pioneer of neural net and pattern recognition technology, and is uniquely qualified to write this book. He brings more than two decades of experience in the "real-world" application of cutting-edge technology for competitive advantage in industry.
Two wave fronts are upon us today: we are being bombarded by an enormous amount of data, and we are confronted by continually increasing technical and business advances.
Ideally, the endless stream of data should be one of our major assets. However, this potential asset often tends to overwhelm rather than enrich. Competitive advantage depends on our ability to extract and utilize nuggets of valuable knowledge and insight from this data deluge. The challenges that need to be overcome include the under-utilization of available data due to competing priorities, and the separate and somewhat disparate existing data systems that have difficulty interacting with each other.
Conventional approaches to formulating models are becoming progressively more expensive in time and effort. To impart a competitive edge, engineering science in the 21st century needs to augment traditional modelling processes by auto-classifying and self-organizing data; developing models directly from operating experience, and then optimizing the results to provide effective strategies and operating decisions. This approach has wide applicability; in areas ranging from manufacturing processes, product performance and scientific research, to financial and business fields.
This monograph explores pattern recognition technology, and its concomitant role in extracting useful knowledge to build technical and business models directly from data, and in optimizing the results derived from these models within the context of delivering competitive industrial advantage. It is not intended to serve as a comprehensive reference source on the subject. Rather, it is based on first-hand experience in the practice of this technology: its development and deployment for profitable application in industry.
The technical topics covered in the monograph will focus on the triad of technological areas that constitute the contemporary workhorses of successful industrial application of pattern recognition. These are: systems for self-organising data; data-driven modelling; and genetic algorithms as robust optimizers.
This book is ideal for engineers, plant managers, business strategists, consultants, fund managers, financial analysts, R&D managers, product formulators and developers directly involved with the process industry.
CHAPTER 1: INTRODUCTION CHAPTER 2: PATTERNS WITHIN DATA CHAPTER 3: ADAPTING BIOLOGICAL PRINCIPLES FOR DEPLOYMENT IN COMPUTATIONAL SCIENCE CHAPTER 4: ISSUES IN PREDICTIVE EMPIRICAL MODELING
Part II Technology
CHAPTER 5: SUPERVISED LEARNING—CORRELATIVE NEURAL NETS CHAPTER 6: UNSUPERVISED LEARNING: AUTO-CLUSTERING AND SELF-ORGANIZING DATA CHAPTER 7: CUSTOMIZING FOR INDUSTRIAL STRENGTH APPLICATIONS CHAPTER 8: CHARACTERIZING AND CLASSIFYING TEXTUAL MATERIAL CHAPTER 9: PATTERN RECOGNITION IN TIME SERIES ANALYSIS CHAPTER 10: GENETIC ALGORITHMS
Part III Case Studies
CHAPTER 11: HARNESSING THE TECHNOLOGY FOR PROFITABILITY CHAPTER 12: REACTOR MODELING THROUGH IN SITU ADAPTIVE LEARNING CHAPTER 13: PREDICTING PLANT STACK EMISSIONS TO MEET ENVIRONMENTAL LIMITS CHAPTER 14: PREDICTING FOULING/COKING IN FIRED HEATERS CHAPTER 15: PREDICTING OPERATIONAL CREDITS CHAPTER 16: PILOT PLANT SCALE-UP BY INTERPRETING TRACER DIAGNOSTICS CHAPTER 17: PREDICTING DISTILLATION TOWER TEMPERATURES: MINING DATA FOR CAPTURING DISTINCT OPERATIONAL VARIABILITY CHAPTER 18: ENABLING NEW PROCESS DESIGN BASED ON LABORATORY DATA CHAPTER 19: FORECASTING PRICE CHANGES OF A COMPOSITE BASKET OF COMMODITIES CHAPTER 20: CORPORATE DEMOGRAPHIC TREND ANALYSIS EPILOGUE
APPENDIX A1: THERMODYNAMICS AND INFORMATION THEORY
APPENDIX A2: MODELING
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- © Elsevier Science 2005
- 30th March 2005
- Elsevier Science
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Phiroz Bhagat pioneered the development and application of pattern recognition technology for technical and business operations in industry. He has developed and deployed state-of-the-art architectures, and brings to bear over two decades of experience in the application of cutting-edge technology for improved profitability and performance.
Dr. Bhagat graduated from the Indian Institute of Technology in Bombay, and earned his doctorate at the University of Michigan, Ann Arbor. He was a post-doctoral Research Fellow at Harvard University in Cambridge, Massachusetts, and taught thermodynamics and energy conversion as a faculty member at Columbia University in New York City. He then joined Exxon (now ExxonMobil) where he spearheaded major projects involving modeling and simulation of multi-million dollar plant units. His work in pattern recognition technology began in the late 1980s, and continues today. In January 2004 he co-founded International Strategy Engines, focusing on providing clients with cutting edge pattern recognition-based solutions for improved operations and profitability. He can be reached at firstname.lastname@example.org.
International Strategy Engines, USA
"Phiroz Bhagat tackles the important problem of data inundation in this book, and offers innovative strategies using pattern recognition theory in practical applications. There are good ideas here, well worth exploring." Peter Likins President, University of Arizona