• Title/Summary/Keyword: Predictive analytics

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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.

Applications of Machine Learning Models on Yelp Data

  • Ruchi Singh;Jongwook Woo
    • Asia pacific journal of information systems
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    • v.29 no.1
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    • pp.35-49
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    • 2019
  • The paper attempts to document the application of relevant Machine Learning (ML) models on Yelp (a crowd-sourced local business review and social networking site) dataset to analyze, predict and recommend business. Strategically using two cloud platforms to minimize the effort and time required for this project. Seven machine learning algorithms in Azure ML of which four algorithms are implemented in Databricks Spark ML. The analyzed Yelp business dataset contained 70 business attributes for more than 350,000 registered business. Additionally, review tips and likes from 500,000 users have been processed for the project. A Recommendation Model is built to provide Yelp users with recommendations for business categories based on their previous business ratings, as well as the business ratings of other users. Classification Model is implemented to predict the popularity of the business as defining the popular business to have stars greater than 3 and unpopular business to have stars less than 3. Text Analysis model is developed by comparing two algorithms, uni-gram feature extraction and n-feature extraction in Azure ML studio and logistic regression model in Spark. Comparative conclusions have been made related to efficiency of Spark ML and Azure ML for these models.

Research study on cognitive IoT platform for fog computing in industrial Internet of Things (산업용 사물인터넷에서 포그 컴퓨팅을 위한 인지 IoT 플랫폼 조사연구)

  • Sunghyuck Hong
    • Journal of Internet of Things and Convergence
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    • v.10 no.1
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    • pp.69-75
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    • 2024
  • This paper proposes an innovative cognitive IoT framework specifically designed for fog computing (FC) in the context of industrial Internet of Things (IIoT). The discourse in this paper is centered on the intricate design and functional architecture of the Cognitive IoT platform. A crucial feature of this platform is the integration of machine learning (ML) and artificial intelligence (AI), which enhances its operational flexibility and compatibility with a wide range of industrial applications. An exemplary application of this platform is highlighted through the Predictive Maintenance-as-a-Service (PdM-as-a-Service) model, which focuses on real-time monitoring of machine conditions. This model transcends traditional maintenance approaches by leveraging real-time data analytics for maintenance and management operations. Empirical results substantiate the platform's effectiveness within a fog computing milieu, thereby illustrating its transformative potential in the domain of industrial IoT applications. Furthermore, the paper delineates the inherent challenges and prospective research trajectories in the spheres of Cognitive IoT and Fog Computing within the ambit of Industrial Internet of Things (IIoT).

Experiencing with Splunk, a Platform for Analyzing Machine Data, for Improving Recruitment Support Services in WorldJob+ (머신 데이터 분석용 플랫폼 스플렁크를 이용한 취업지원 서비스 개선에 관한 연구 : 월드잡플러스 사례를 중심으로)

  • Lee, Jae Deug;Rhee, MoonKi Kyle;Kim, Mi Ryang
    • Journal of Digital Convergence
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    • v.16 no.3
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    • pp.201-210
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    • 2018
  • WorldJob+, being operated by The Human Resources Development Service of Korea, provides a recruitment support services to overseas companies wanting to hire talented Korean applicants and interns, and support the entire course from overseas advancement information check to enrollment, interview, and learning for young job-seekers. More than 300,000 young people have registered in WorldJob+, an overseas united information network, for job placement. To innovate WorldJob+'s services for young job-seekers, Splunk, a powerful platform for analyzing machine data, was introduced to collate and view system log files collected from its website. Leveraging Splunk's built-in data visualization and analytical features, WorldJob+ has built custom tools to gain insight into the operation of the recruitment supporting service system and to increase its integrity. Use cases include descriptive and predictive analytics for matching up services to allow employers and job seekers to be matched based on their respective needs and profiles, and connect jobseekers with the best recruiters and employers on the market, helping job seekers secure the best jobs fast. This paper will cover the numerous ways WorldJob+ has leveraged Splunk to improve its recruitment supporting services.

Analysis and Prediction of Trends for Future Education Reform Centering on the Keyword Extraction from the Research for the Last Two Decades (미래교육 혁신을 위한 트렌드 분석과 예측: 20년간의 문헌 연구 데이터를 기반으로 한 키워드 추출 분석을 중심으로)

  • Jho, Hunkoog
    • Journal of Science Education
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    • v.45 no.2
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    • pp.156-171
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    • 2021
  • This study aims at investigating the characteristics of trends of future education over time though the literature review and examining the accuracy of the framework for forecasting future education proposed by the previous studies by comparing the outcomes between the literature review and media articles. Thus, this study collects the articles dealing with future education searched from the Web of Science and categorized them into four periods during the new millennium. The new articles from media were selected to find out the present of education so that we can figure out the appropriateness of the proposed framework to predict the future of education. Research findings reveal that gradual tendencies of topics could not be found except teacher education and they are diverse from characteristics of agents (students and teachers) to the curriculum and pedagogical strategies. On the other hand, the results of analysis on the media articles focuses more on the projects launched by the government and the immediate responses to the COVID-19, as well as educational technologies related to big data and artificial intelligence. It is surprising that only a few key words are occupied in the latest articles from the literature review and many of them have not been discussed before. This indicates that the predictive framework is not effective to establish the long-term plan for education due to the uncertainty of educational environment, and thus this study will give some implications for developing the model to forecast the future of education.

A Study on Big Data Anti-Money Laundering Systems Design through A Bank's Case Analysis (A 은행 사례 분석을 통한 빅데이터 기반 자금세탁방지 시스템 설계)

  • Kim, Sang-Wan;Hahm, Yu-Kun
    • The Journal of Bigdata
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    • v.1 no.1
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    • pp.85-94
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    • 2016
  • Traditional Anti-Money Laundering (AML) software applications monitor bank customer transactions on a daily basis using customer historical information and account profile data to provide a "whole picture" to bank management. With the advent of Big Data, these applications could be benefited from size, variety, and speed of unstructured data, which have not been used in AML applications before. This study analyses the weaknesses of a bank's current AML systems and proposes an AML systems taking advantage of Big Data. For example, early warning of AML risk can be improved by exposing identities and uncovering hidden relationships through predictive and entity analytics on real-time and outside data such as SNS data.

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The Relationship between Meal Regularity and Oral Health and Metabolic Syndrome of Adults in Single Korean Households

  • Jung, Jin-Ah;Cheon, Hye-Won;Ju, On-Ju
    • Journal of dental hygiene science
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    • v.21 no.3
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    • pp.185-197
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    • 2021
  • Background: This study aimed at investigating the meal regularity, health, and oral health habits of single Korean households to understand the impact of these factors on the risk of metabolic syndrome, in addition to preventing and managing metabolic syndrome. Methods: Using raw data from the 8th Korea National Health and Nutrition Examination Survey (2019), 274 study subjects, aged 19 to 64, were selected primarily from single adult households. Complex sample statistical analysis was performed using the Predictive Analytics Software Statistics ver. 18.0 program. Results: Regarding the meal regularity in single-person households in Korea, the younger group outperformed the middle-aged group, and those who drank more than once a month performed better than those who drank less than once a month. In terms of oral health, regardless of the age and the income level, participants who ate three meals a day had a higher rate of speech problems and chewing difficulties than those who ate irregularly or regularly on a regular day. Factors influencing the risk of developing metabolic syndrome were age, speech problems, and frequency of toothbrushing. Compared to the younger group, there were 0.361 times more people in the middle-aged group; and compared to those without speech problems, there were 1.161 more people with speech problem. Compared to those who tooth brushed more than four times a day, there were 1.284 more people who tooth brushed 2 to 3 times a day and there were 5.673 times more people who tooth brushed less than once. Conclusion: Based on the study results, it is necessary to implement a program that can plan and apply customized management measures and prevent metabolic syndrome by improving and correcting the health and oral health behaviors of single-person households in Korea. Therefore, active mediation measures, such as support and publicity at the local or national level, should be planned.

Exploring the Prediction of Timely Stocking in Purchasing Process Using Process Mining and Deep Learning (프로세스 마이닝과 딥러닝을 활용한 구매 프로세스의 적기 입고 예측에 관한 연구)

  • Youngsik Kang;Hyunwoo Lee;Byoungsoo Kim
    • Information Systems Review
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    • v.20 no.4
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    • pp.25-41
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    • 2018
  • Applying predictive analytics to enterprise processes is an effective way to reduce operation costs and enhance productivity. Accordingly, the ability to predict business processes and performance indicators are regarded as a core capability. Recently, several works have predicted processes using deep learning in the form of recurrent neural networks (RNN). In particular, the approach of predicting the next step of activity using static or dynamic RNN has excellent results. However, few studies have given attention to applying deep learning in the form of dynamic RNN to predictions of process performance indicators. To fill this knowledge gap, the study developed an approach to using process mining and dynamic RNN. By utilizing actual data from a large domestic company, it has applied the suggested approach in estimating timely stocking in purchasing process, which is an important indicator of the process. The analytic methods and results of this study were presented and some implications and limitations are also discussed.

Development of Big Data and AutoML Platforms for Smart Plants (스마트 플랜트를 위한 빅데이터 및 AutoML 플랫폼 개발)

  • Jin-Young Kang;Byeong-Seok Jeong
    • The Journal of Bigdata
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    • v.8 no.2
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    • pp.83-95
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    • 2023
  • Big data analytics and AI play a critical role in the development of smart plants. This study presents a big data platform for plant data and an 'AutoML platform' for AI-based plant O&M(Operation and Maintenance). The big data platform collects, processes and stores large volumes of data generated in plants using Hadoop, Spark, and Kafka. The AutoML platform is a machine learning automation system aimed at constructing predictive models for equipment prognostics and process optimization in plants. The developed platforms configures a data pipeline considering compatibility with existing plant OISs(Operation Information Systems) and employs a web-based GUI to enhance both accessibility and convenience for users. Also, it has functions to load user-customizable modules into data processing and learning algorithms, which increases process flexibility. This paper demonstrates the operation of the platforms for a specific process of an oil company in Korea and presents an example of an effective data utilization platform for smart plants.

A Study on the Learning Model Based on Digital Transformation (디지털 트랜스포메이션 기반 학습모델 연구)

  • Lee, Jin Gu;Lee, Jae Young;Jung, Il Chan;Kim, Mi Hwa
    • The Journal of the Korea Contents Association
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    • v.22 no.10
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    • pp.765-777
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    • 2022
  • The purpose of this study is to present a digital transformation-based learning model that can be used in universities based on learning digital transformation in order f to be competitive in a rapidly changing environment. Literature review, case study, and focus group interview were conducted and the implications for the learning model from these are as follows. Universities that stand out in related fields are actively using learning analysis to implement dashboards, develop predictive models, and support adaptive learning based on big data, They also have actively introduced advanced edutech to classes. In addition, problems and difficulties faced by other universities and K University when implementing digital transformation were also confirmed. Based on these findings, a digital transformation-based learning model of K University was developed. This model consists of four dimensions: diagnosis, recommendation, learning, and success. It allows students to proceed with learning by diagnosing and recommending various learning processes necessary for individual success, and systematically managing learning outcomes. Finally, academic and practical implications about the research results were discussed.