Panel discussions on Leveraging Service Computing and Big Data Analytics for E-Commerce at the Workshop on e-Business (WeB) 2015 held on December 12, 2015 at Fort Worth, Texas, USA.
Leveraging Service Computing and Big Data Analytics for E-Commerce
1. Karthikeyan Umapathy
School of Computing
University of North Florida
Workshop on e-Business (WeB) 2015
Panel Discussions on
Fort worth,TX December 12, 2015
http://www.unf.edu/~k.umapathy/
http://web2015.isy.vcu.edu/
2. Volume
Variety
Velocity
Value
Big Data technologies
describe a new generation of
technologies and architectures
designed to economically
extract value from very large
volumes of a wide variety of
data by enabling high-velocity
capture, discovery, and/or
analysis.
2
Source: EU Data Market study by Gabriella Cattaneo, IDC Europe, May 27, 2014
Taken from http://www.slideshare.net/kszkuta/nessi-european-data-market-presentation-30/3
3. Source: EU Data Market study by Gabriella Cattaneo, IDC Europe, May 27, 2014
Taken from http://www.slideshare.net/kszkuta/nessi-european-data-market-presentation-30/3
4. Financial
services
Healthcare
Discrete
manufacturing
Top 3 sectors by
Investment Plans by 2015
Sectors Ranking by %
enterprises users of Big Data
Source: EU Data Market study by Gabriella Cattaneo, IDC Europe, May 27, 2014
Taken from http://www.slideshare.net/kszkuta/nessi-european-data-market-presentation-30/3
5. Organizations have been gathering and analyzing data to make process
improvements and increase profits
Moving from operational data focus to contextual data
Organizations have gone beyond collecting sales/transactional data and
customer information (name and address) onto
Location-based data
Customer behavioral data
Apart from web, data are being captured from electronic devices such as
smartphones and tablets
In the big data era, organizations focus more on
Creating new products and services
Predicting customer demands and needs
Responding to customer complaints in real time
Data monetization
Data is valuable not only for organizations but also for partners and other
constituents
Source: http://www.sas.com/news/intelligence_quarterly/q413.pdf
6. Integrating online experience and in-store experience
Individualized and targeted marketing campaigns
Integrating multi-dimensional data
Locational data
Customer information
Customer purchase history
Social media data
Use real time data to create value and revenue via marketing,
messaging, display advertising, loyalty services and point-of-sale
payment options
FIS GenNOW™ Financial Services
https://www.youtube.com/watch?v=37jQZO-wshs
7. Mobile services for offering location-based content delivery,
entertainment, and advertisements
Cloud services (application Software as a Service (SaaS)) are key for
providing mobile services
In upcoming years, as focus changes from mobile devices to other
interconnected devices – cars, refrigerators, and TVs – Big Data as a
Service will play major role
Big Data as a Service (BDaaS) is service applications offerings on the
cloud catering to on-demand fulfillment model
Big data consumption services to gather data
Big data analytics services to analyze data for specific need
Big data analytics access services to retrieve results
Big data QoS services for security, validation, and audit
8. Web Services will play key role in improving online customer
experience
Gathering data on customer browsing behavior globally and providing
localized navigational suggestions
Current Process of Changing Site experience Proposed Framework
Notas del editor
IDC defines Big Data using the four Vs: volume, variety, velocity, and value.
There is no question that the data volume being created is accelerating. This occurs every time a human interacts with technology and via computer-generated data (such as automotive engine monitoring).
The variety of data being created also provides insights into the way customers interact with technology and how they may purchase products in the future. Variety goes far beyond that of structured versus unstructured data. It includes text, graphics, images, and many others.
The velocity of data creation and transmission continues to accelerate as the sources of data creation expand. Social media in all its forms is a perfect example of additional data inputs from numerous devices that can provide invaluable information, which can be used to better identify customer needs and respond to changing customer demands and environments.
The value component is often missing in others' definition of Big Data, and this is a big mistake because not all data has value. While storage tiering often places higher-value data on more expensive storage media, the value is typically based on when it was last accessed. On the other hand, Big Data values existing data stores based on their ability to generate future revenue and profits by analyzing buying trends and customer demographics.