From data to decision

distilling decision intelligence from user-generated content

Tjaša Redek (Author), Uroš Godnov (Author)

Abstract

Purpose - The Internet has changed consumer decision-making and influenced business behaviour. User- generated product information is abundant and readily available. This paper argues that user-generated content can be efficiently utilised for business intelligence using data science and develops an approach to demonstrate the methods and benefits of the different techniques. Design/methodology/approach - Using Python Selenium, Beautiful Soup and various text mining approaches in R to access, retrieve and analyse user-generated content, we argue that (1) companies can extract information about the product attributes that matter most to consumers and (2) user-generated reviews enable the use of text mining results in combination with other demographic and statistical information (e.g. ratings) as an efficient input for competitive analysis. Findings - The paper shows that combining different types of data (textual and numerical data) and applying and combining different methods can provide organisations with important business information and improve business performance. Research limitations/implications - The paper shows that combining different types of data (textual and numerical data) and applying and combining different methods can provide organisations with important business information and improve business performance. Originality/value - The study makes several contributions to the marketing and management literature, mainly by illustrating the methodological advantages of text mining and accompanying statistical analysis, the different types of distilled information and their use in decision-making.

Keywords

informacijski sistem;odločanje;umetna inteligenca;information system;decision making;artificial intelligence;

Data

Language:	English
Year of publishing:	2024
Typology:	1.01 - Original Scientific Article
Organization:	UL EF - Faculty of Economics
UDC:	004.8
COBISS:	189558275
ISSN:	0368-492X
Views:	44
Downloads:	8
Average score:	0 (0 votes)
Metadata:

Other data

Secondary language:	Slovenian
Secondary keywords:	informacijski sistem;odločanje;umetna inteligenca;
Type (COBISS):	Article
Pages:	str. 1-23
Volume:	ǂVol. ǂ52
Issue:	ǂiss. ǂ13
Chronology:	2024
DOI:	10.1108/K-08-2023-1447
ID:	23668383