A catallactic market for data mining services

Joita, Liviu, Rana, Omer Farooq ORCID: https://orcid.org/0000-0003-3597-2646, Freitag, Felix, Chao, Isaac, Chacin, Pablo, Navarro, Leandro and Ardaiz, Oscar 2007. A catallactic market for data mining services. Future Generation Computer Systems 23 (1) , pp. 146-153. 10.1016/j.future.2006.06.007

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Abstract

We describe a Grid market for exchanging data mining services based on the catallactic market mechanism proposed by von Hayek. This market mechanism allows selection between multiple instances of services based on operations required in a data mining task (such as data migration, data pre-processing and subsequently data analysis). Catallaxy is a decentralized approach, based on a “free market” mechanism, and is particularly useful when the number of market participants is large or when conditions within the market often change. It is therefore particularly suitable in Grid and peer-2-peer systems. The approach assumes that the service provider and user are not co-located, and require multiple message exchanges to carry out a data mining task. A market of J48-based decision tree algorithm instances, each implemented as a Web service, is used to demonstrate our approach. We have validated the feasibility of building catallactic data mining grid applications, and implemented a proof-of-concept application (Cat-COVITE) mapped to a catallactic Grid middleware.

Item Type:	Article
Date Type:	Publication
Status:	Published
Schools:	Computer Science & Informatics
Subjects:	Q Science > QA Mathematics > QA75 Electronic computers. Computer science
Uncontrolled Keywords:	Data mining; Grid market; Application
Publisher:	Elsevier
ISSN:	0167-739X
Last Modified:	21 Oct 2022 10:51
URI:	https://orca.cardiff.ac.uk/id/eprint/41553

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