The disruptometer: an artificial intelligence algorithm for market insights

Social media data mining is rapidly developing to be a mainstream tool for marketing insights in today’s world, due to the abundance of data and often freely accessed information. In this paper, we propose a framework for market research purposes called the Disruptometer. The algorithm uses keywords...

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Main Authors: Wan Nordin, Mimi Aminah, Vedenyapin, Dmitry, Alghifari, Muhammad Fahreza, Gunawan, Teddy Surya
Format: Article
Language:English
English
Published: Universitas Ahmad Dahlan in collaboration with IAES Indonesia Section 2019
Subjects:
Online Access:http://irep.iium.edu.my/73880/
http://irep.iium.edu.my/73880/1/73880_The%20Disruptometer-%20An%20Artificial%20Intelligence.pdf
http://irep.iium.edu.my/73880/7/73880_The%20disruptometer-An%20artificial%20intelligence%20algorithm%20for%20market%20insights_Scopus.pdf
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author Wan Nordin, Mimi Aminah
Vedenyapin, Dmitry
Alghifari, Muhammad Fahreza
Gunawan, Teddy Surya
author_facet Wan Nordin, Mimi Aminah
Vedenyapin, Dmitry
Alghifari, Muhammad Fahreza
Gunawan, Teddy Surya
author_sort Wan Nordin, Mimi Aminah
building IIUM Repository
collection Online Access
description Social media data mining is rapidly developing to be a mainstream tool for marketing insights in today’s world, due to the abundance of data and often freely accessed information. In this paper, we propose a framework for market research purposes called the Disruptometer. The algorithm uses keywords to provide different types of market insights from data crawling. The preliminary algorithm data-mines information from Twitter and outputs 2 parameters – Product-to-Market Fit and Disruption Quotient, which is obtained from a brand’s customer value proposition, problem space, and incumbent space. The algorithm has been tested with a venture capitalist portfolio company and market research firm to show high correlated results. Out of 4 brand use cases, 3 obtained identical results with the analysts ‘studies.
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English
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publisher Universitas Ahmad Dahlan in collaboration with IAES Indonesia Section
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spelling iium-738802019-11-24T12:01:35Z http://irep.iium.edu.my/73880/ The disruptometer: an artificial intelligence algorithm for market insights Wan Nordin, Mimi Aminah Vedenyapin, Dmitry Alghifari, Muhammad Fahreza Gunawan, Teddy Surya TK7885 Computer engineering Social media data mining is rapidly developing to be a mainstream tool for marketing insights in today’s world, due to the abundance of data and often freely accessed information. In this paper, we propose a framework for market research purposes called the Disruptometer. The algorithm uses keywords to provide different types of market insights from data crawling. The preliminary algorithm data-mines information from Twitter and outputs 2 parameters – Product-to-Market Fit and Disruption Quotient, which is obtained from a brand’s customer value proposition, problem space, and incumbent space. The algorithm has been tested with a venture capitalist portfolio company and market research firm to show high correlated results. Out of 4 brand use cases, 3 obtained identical results with the analysts ‘studies. Universitas Ahmad Dahlan in collaboration with IAES Indonesia Section 2019-09 Article PeerReviewed application/pdf en http://irep.iium.edu.my/73880/1/73880_The%20Disruptometer-%20An%20Artificial%20Intelligence.pdf application/pdf en http://irep.iium.edu.my/73880/7/73880_The%20disruptometer-An%20artificial%20intelligence%20algorithm%20for%20market%20insights_Scopus.pdf Wan Nordin, Mimi Aminah and Vedenyapin, Dmitry and Alghifari, Muhammad Fahreza and Gunawan, Teddy Surya (2019) The disruptometer: an artificial intelligence algorithm for market insights. Bulletin of Electrical Engineering and Informatics, 8 (2). pp. 727-734. ISSN 2302-9285 E-ISSN 2302-9285 http://www.beei.org/index.php/EEI/article/view/1494/1084 10.11591/eei.v8i2.1494
spellingShingle TK7885 Computer engineering
Wan Nordin, Mimi Aminah
Vedenyapin, Dmitry
Alghifari, Muhammad Fahreza
Gunawan, Teddy Surya
The disruptometer: an artificial intelligence algorithm for market insights
title The disruptometer: an artificial intelligence algorithm for market insights
title_full The disruptometer: an artificial intelligence algorithm for market insights
title_fullStr The disruptometer: an artificial intelligence algorithm for market insights
title_full_unstemmed The disruptometer: an artificial intelligence algorithm for market insights
title_short The disruptometer: an artificial intelligence algorithm for market insights
title_sort disruptometer: an artificial intelligence algorithm for market insights
topic TK7885 Computer engineering
url http://irep.iium.edu.my/73880/
http://irep.iium.edu.my/73880/
http://irep.iium.edu.my/73880/
http://irep.iium.edu.my/73880/1/73880_The%20Disruptometer-%20An%20Artificial%20Intelligence.pdf
http://irep.iium.edu.my/73880/7/73880_The%20disruptometer-An%20artificial%20intelligence%20algorithm%20for%20market%20insights_Scopus.pdf