• Title/Summary/Keyword: business analytics

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Methodological Implications of Employing Social Bigdata Analysis for Policy-Making : A Case of Social Media Buzz on the Startup Business (빅데이터를 활용한 정책분석의 방법론적 함의 : 기회형 창업 관련 소셜 빅데이터 분석 사례를 중심으로)

  • Lee, Young-Joo;Kim, Dhohoon
    • Journal of Information Technology Services
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    • v.15 no.1
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    • pp.97-111
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    • 2016
  • In the creative economy paradigm, motivation of the opportunity based startup is a continuous concern to policy-makers. Recently, bigdata anlalytics challenge traditional methods by providing efficient ways to identify social trend and hidden issues in the public sector. In this study the authors introduce a case study using social bigdata analytics for conducting policy analysis. A semantic network analysis was employed using textual data from social media including online news, blog, and private bulletin board which create buzz on the startup business. Results indicates that each media has been forming different discourses regarding government's policy on the startup business. Furthermore, semantic network structures from private bulletin board reveal unexpected social burden that hiders opening a startup, which has not been found in the traditional survey nor experts interview. Based on these results, the authors found the feasibility of using social bigdata analysis for policy-making. Methodological and practical implications are discussed.

Uncovering the Role of External APIs in Driving Dynamic Ecosystem Growth

  • Um, Sungyong;Kang, Martin;Son, Insoo
    • The Journal of Information Systems
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    • v.33 no.2
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    • pp.143-168
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    • 2024
  • Purpose This study highlights the crucial role of external APIs in driving dynamic evolution within a digital ecosystem. Drawing on the concept of evolutionary network biology perspective, this study hypothesizes that APIs' (non)network properties can significantly impact a digital ecosystem's product variety. Design/methodology/approach This study analyzes plug-in source code data from WordPress.org between January 2004 and December 2014, using survival analysis to test this hypothesis. Findings The empirical results demonstrate that external APIs have a more significant impact on promoting ecosystem evolution over time than those offered by a focal platform system. This research enhances our understanding of ecosystem dynamics and emphasizes the critical role of the generative nature of APIs in fostering ecosystem growth.

BPAF2.0: Extended Business Process Analytics Format for Mining Process-driven Social Networks (BPAF2.0: 프로세스기반 소셜 네트워크 마이닝을 위한 비즈니스 프로세스 분석로그 포맷의 확장 표준)

  • Jeon, Myung-Hoon;Ahn, Hyun;Kim, Kwang-Hoon
    • The Journal of Korean Institute of Communications and Information Sciences
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    • v.36 no.12B
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    • pp.1509-1521
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    • 2011
  • WfMC, which is one of the international standardization organizations leading the business process and workflow technologies, has been officially released the BPAF1.0 that is a standard format to record process instances' event logs according as the business process intelligence mining technologies have recently issued in the business process and workflow literature. The business process mining technologies consist of two groups of algorithms and their analysis techniques; one is to rediscover flow-oriented process-intelligence, such as control-flow, data-flow, role-flow, and actor-flow intelligence, from process instances' event logs, and the other has something to do with rediscovering relation-oriented process-intelligence like process-driven social networks and process-driven affiliation networks from the event logs. The current standardized format of BPAF1.0 aims at only supporting the control-flow oriented process-intelligence mining techniques, and so it is unable to properly support the relation-oriented process-intelligence mining techniques. Therefore, this paper tries to extend the BPAF1.0 so as to reasonably support the relation-oriented process-intelligence mining techniques, and the extended BPAF is termed BPAF2.0. Particularly, we have a plan to standardize the extended BPAF2.0 as not only the national standard specifications through the e-Business project group of TTA, but also the international standard specifications of WfMC.

The Necessity of Business Intelligence as an Indispensable Factor in the Healthcare Sector

  • KANG, Eungoo
    • The Korean Journal of Food & Health Convergence
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    • v.8 no.6
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    • pp.19-29
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    • 2022
  • Business intelligence (BI) is a process for turning data into insights that inform an organization's strategic and tactical decisions. BI aims to give decision-makers the information they need to make better decisions Patient safety analysis, illness surveillance, and fraud identification are just a few healthcare decision-making processes that can be supported by data mining. Thus, the purpose of the current research is to outline the need if BI as an essential factor in the healthcare sector by reviewing various scholarly materials and the findings. The present author conducted one of the most famous qualitative literature approach which has been called as PRISMA (Preferred Reporting Items for Systematic Reviews and Meta-Analysis) statement. The selecting criteria for eligible prior studies were estimated by whether studies are suitable for the current research, identifying they are peer-reviewed and issued by notable publishers between 2017 and 2022. According to the result based on the PRISMA analysis, BI plays a vital role in the healthcare sector and there are four business intelligence factors (Data, Analytic, Reporting, and Visualization) that will ensure that the healthcare sector provides the right healthcare services to the customers to be addressed in this section include; data, analytics, reporting, and visualization.

A Systematic Review of Big Data: Research Approaches and Future Prospects

  • Cobanoglu, Cihan;Terrah, Abraham;Hsu, Meng-Jun;Corte, Valentina Della;Gaudio, Giovanna Del
    • Journal of Smart Tourism
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    • v.2 no.1
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    • pp.21-31
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    • 2022
  • This review paper aims at providing a systematic analysis of articles published in various journals and related to the uses and business applications of big data. The goal is to provide a holistic picture of the place of big data in the tourism industry. The reviewed articles have been selected for the period 2013-2020 and have been classified into 8 broad categories namely business strategy and firm performance; banking and finance; healthcare; hospitality; networks and telecommunications; urbanism and infrastructures; law and legal regulations; and government. While the categories are reflective of components of tourism industries and infrastructures, the meta-analysis is organized around 3 broad themes: preferred research contexts, conceptual developments, and methods used to research big data business applications. Main findings revealed that firm performance and healthcare remain popular contexts of research in the big data realm, but also demonstrated a prominence of qualitative methods over mixed and quantitative methods for the period 2013-2020. Scholars have also investigated topics involving the notions of competitive advantage, supply chain management, smart cities, but also ethics and privacy issues as related to the use of big data.

Identification of Convergence Trend in the Field of Business Model Based on Patents (특허 데이터 기반 비즈니스 모델 분야 융합 트렌드 파악)

  • Sunho Lee;Chie Hoon Song
    • Journal of the Korean Society of Industry Convergence
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    • v.27 no.3
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    • pp.635-644
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    • 2024
  • Although the business model(BM) patents act as a creative bridge between technology and the marketplace, limited scholarly attention has been paid to the content analysis of BM patents. This study aims to contextualize converging BM patents by employing topic modeling technique and clustering highly marketable topics, which are expressed through a topic-market impact matrix. We relied on BM patent data filed between 2010 and 2022 to derive empirical insights into the commercial potential of emerging business models. Subsequently, nine topics were identified, including but not limited to "Data Analytics and Predictive Modeling" and "Mobile-Based Digital Services and Advertising." The 2x2 matrix allows to position topics based on the variables of topic growth rate and market impact, which is useful for prioritizing areas that require attention or are promising. This study differentiates itself by going beyond simple topic classification based on topic modeling, reorganizing the findings into a matrix format. T he results of this study are expected to serve as a valuable reference for companies seeking to innovate their business models and enhance their competitive positioning.

Crowdfunding Research in the Information Systems Discipline and Beyond: Development and Outlook

  • Sunghan Ryu;Keongtae Kim;Jungpil Hahn
    • Asia pacific journal of information systems
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    • v.31 no.4
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    • pp.575-581
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    • 2021
  • In this opinion article, we review the current streams of the information systems (IS) literature on crowdfunding and discuss how the literature has contributed to expanding our understanding of crowdfunding. Reflecting on the review, we propose avenues for future research to expand the existing knowledge on this impactful topic for the benefit of researchers and practitioners.

Real time predictive analytic system design and implementation using Bigdata-log (빅데이터 로그를 이용한 실시간 예측분석시스템 설계 및 구현)

  • Lee, Sang-jun;Lee, Dong-hoon
    • Journal of the Korea Institute of Information Security & Cryptology
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    • v.25 no.6
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    • pp.1399-1410
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    • 2015
  • Gartner is requiring companies to considerably change their survival paradigms insisting that companies need to understand and provide again the upcoming era of data competition. With the revealing of successful business cases through statistic algorithm-based predictive analytics, also, the conversion into preemptive countermeasure through predictive analysis from follow-up action through data analysis in the past is becoming a necessity of leading enterprises. This trend is influencing security analysis and log analysis and in reality, the cases regarding the application of the big data analysis framework to large-scale log analysis and intelligent and long-term security analysis are being reported file by file. But all the functions and techniques required for a big data log analysis system cannot be accommodated in a Hadoop-based big data platform, so independent platform-based big data log analysis products are still being provided to the market. This paper aims to suggest a framework, which is equipped with a real-time and non-real-time predictive analysis engine for these independent big data log analysis systems and can cope with cyber attack preemptively.

Factors Influencing the Continuous Watching and Paid Sponsorship Intentions of YouTube Real-Time Broadcast Viewers: Based on the S-O-R Framework (유튜브 실시간 방송 시청자의 지속시청 및 유료후원 의도에 영향을 미치는 요인: S-O-R 프레임워크를 기반으로)

  • Kwon, Ji Yoon;Yang, Seon Uk;Yang, Sung-Byung
    • Knowledge Management Research
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    • v.23 no.3
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    • pp.285-311
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    • 2022
  • In this study, based on the S-O-R framework, how individual's stimuli (i.e., video characteristics, YouTuber characteristics, real-time broadcasting characteristics of YouTube channel) form organisms (i.e., perceived usefulness, perceived pleasure, social presence), leading to viewers' responses (i.e., continuous watching intention, paid sponsorship intention) on real-time YouTube channels. For this purpose, a research model and hypotheses were constructed, and 369 questionnaire data collected from users of real-time broadcasting channel services on the YouTube platform were analyzed. Result findings confirmed that some video/YouTuber/real-time broadcasting characteristics significantly affect viewers' perceived usefulness/perceived pleasure/social presence, and further influence continuous watching/paid sponsorship intentions. Theoretical and practical implications of the findings are discussed in conclusion.

The Correlation between Social Media and the Behaviors of the Supreme Court in Korea (소셜미디어와 대법원 판결의 상관 관계에 대한 분석)

  • Heo, Junhong;Seo, Yeeun;Lee, Seoyeong;Lee, Sang-Yong Tom
    • Knowledge Management Research
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    • v.22 no.3
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    • pp.31-53
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    • 2021
  • As a communication channel for individuals, social media is affecting various areas such as business, economy, politics, and society. One of the less-studied areas is the law. Therefore, this study collected various information from social media and analyzed its impacts on the legal decisions, especially the Supreme Court decisions in Korea. This study was conducted by compiling information from Internet news articles and public responses. We found that when the negative reactions from the public got higher, the trial duration until the supreme court making the final decisions became shorter. However, we were not able to find the significant relationship between social media reactions and dismissal of appeal nor annulment. Our study would contribute to the information systems and knowledge management research in a sense that the social analytics is applied to the area of legal decisions, instead of using conventional qualitative study methodology. Our study is also meaningful to the practitioners because that big data analytical business can be applied to the field of law by creating a new database for the emerging legal technology. Finally, law makers can think of a better way to standardize the legal decision process to minimize the reverse effects from social media.