Ontology-based generic template for retail analytics

The retail industry in Malaysia and in the world at large is growing at a fast pace.The ability to make informed decision is the key for retailers‘ survival.The wealth of customer data available for retailers is a key asset, which should provide retailers with information that guides their decision...

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Detalhes bibliográficos
Main Authors: Davou, Kenneth I., Idrus, Rosnah
Formato: Conference or Workshop Item
Idioma:English
Publicado em: 2013
Assuntos:
Acesso em linha:https://repo.uum.edu.my/id/eprint/11999/1/PID41.pdf
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author Davou, Kenneth I.
Idrus, Rosnah
author_facet Davou, Kenneth I.
Idrus, Rosnah
author_sort Davou, Kenneth I.
collection UUM
description The retail industry in Malaysia and in the world at large is growing at a fast pace.The ability to make informed decision is the key for retailers‘ survival.The wealth of customer data available for retailers is a key asset, which should provide retailers with information that guides their decisions. Retailers have not been able to use this data effectively to make better predictions on customer buying behaviour and marketing decisions because of the difficulty involved in processing large amount of data. The focus of this research is to derive a generic retail ontology template and then customize it for grocery store owners.The method used for developing thontological tool retail analytics is based on Grüninger and Fox method, which was adopted due to its simplicity yet, provides a vivid explanation of the processes involved.Our research findings show that the generic ontology template can be customized for specific purpose in data-oriented decision support systems.This paper will illustrate how the generic template can be customized to segment the customers into various categories which provide managers with interfaces to better monitor their business processes and marketing programs.
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spelling uum-119992014-08-24T04:42:18Z https://repo.uum.edu.my/id/eprint/11999/ Ontology-based generic template for retail analytics Davou, Kenneth I. Idrus, Rosnah QA76 Computer software The retail industry in Malaysia and in the world at large is growing at a fast pace.The ability to make informed decision is the key for retailers‘ survival.The wealth of customer data available for retailers is a key asset, which should provide retailers with information that guides their decisions. Retailers have not been able to use this data effectively to make better predictions on customer buying behaviour and marketing decisions because of the difficulty involved in processing large amount of data. The focus of this research is to derive a generic retail ontology template and then customize it for grocery store owners.The method used for developing thontological tool retail analytics is based on Grüninger and Fox method, which was adopted due to its simplicity yet, provides a vivid explanation of the processes involved.Our research findings show that the generic ontology template can be customized for specific purpose in data-oriented decision support systems.This paper will illustrate how the generic template can be customized to segment the customers into various categories which provide managers with interfaces to better monitor their business processes and marketing programs. 2013-08-28 Conference or Workshop Item PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/11999/1/PID41.pdf Davou, Kenneth I. and Idrus, Rosnah (2013) Ontology-based generic template for retail analytics. In: 4th International Conference on Computing and Informatics (ICOCI 2013), 28 -30 August 2013, Kuching, Sarawak, Malaysia. http://www.icoci.cms.net.my/proceedings/2013/TOC.html
spellingShingle QA76 Computer software
Davou, Kenneth I.
Idrus, Rosnah
Ontology-based generic template for retail analytics
title Ontology-based generic template for retail analytics
title_full Ontology-based generic template for retail analytics
title_fullStr Ontology-based generic template for retail analytics
title_full_unstemmed Ontology-based generic template for retail analytics
title_short Ontology-based generic template for retail analytics
title_sort ontology based generic template for retail analytics
topic QA76 Computer software
url https://repo.uum.edu.my/id/eprint/11999/1/PID41.pdf
work_keys_str_mv AT davoukennethi ontologybasedgenerictemplateforretailanalytics
AT idrusrosnah ontologybasedgenerictemplateforretailanalytics