Big Data gives organizations unprecedented opportunities to tap into their data to mine valuable business intelligence. Read this study to learn how businesses can utilize this analytics framework to analyze consumers' product preferences, leading to more effective marketing and production strategies.
Discussions and Summary
While some research work has been devoted
to big data analytics recently, very few studies about big data stream
analytics are reported in the literature. The main theoretical
contributions of our research include the design and development of a
novel big data stream analytics framework, named BDSASA for the near
real-time analysis of consumer sentiments. Another main contribution of
this paper is the illustration of a probabilistic inferential language
model for analyzing the sentiments embedded in an evolving big data
stream generated from online social media. The business implication of
our research is that business managers and product designers can apply
the proposed big data stream analytics framework to more effectively
analyze and predict consumers' preferences about products and services.
Accordingly, they can take proactive business strategies to streamline
the marketing or product design operations.
One limitation of our
current work is that the proposed framework has not been tested under
an empirical setting. We will devote our future effort to evaluating the
effectiveness and efficiency of the BDSASA framework based on realistic
consumer reviews and social media messages collected from the Web. On
the other hand, we will continue to refine the proposed inferential
language model for better sentiment polarity prediction. For instance, a
consumer may connect to other consumers via a social network. We may
incorporate such connection features in the inferential language model
when the sentiment polarity of a review is analyzed. Moreover, the
prediction thresholds for probabilistic opinion scoring will be
fine-tuned using the proposed PCGA. Finally, we will conduct a usability
study for the proposed big data stream analytics service in a
real-world e-Business environment.