Ongoing management and application of discovered knowledge in a large regulatory organization

This paper describes a case study of an ongoing, deployed, KDD application -NASD Regulation's Advanced Detection System (ADS), which monitors activity on the Nasdaq Stock Marketfrom the perspective of how organizations and systems are impacted by the continuous long-term use of KDD in a dynamic domain. It discusses knowledge management techniques that have been developed for and applied to discovered knowledge. It points out special considerations resulting from the regulatory environment as well as general lessons applicable to all organizations that may come to rely on KDD as an integral part of their business operations. It describes our modifications to accepted KDD processes that are needed to account for the longterm use of KDD as part of a dynamic business environment.