Intelligent Brand Positioning Visualization System Based on Web Search Traffic Information : Focusing on Tablet PC
Seung-Pyo Jun,Do-Hyung Park +1 more
- 30 Sep 2013
- Vol. 19, Iss: 3, pp 93-111
TL;DR: This study proposes a method of analyzing how brands are positioned by consumers and what relationships exist between product attributes and an individual brand, using simultaneous search traffic information, and presents case studies demonstrating the actual application of this method.
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Abstract: As Internet and information technology (IT) continues to develop and evolve, the issue of big data has emerged at the foreground of scholarly and industrial attention. Big data is generally defined as data that exceed the range that can be collected, stored, managed and analyzed by existing conventional information systems and it also refers to the new technologies designed to effectively extract values from such data. With the widespread dissemination of IT systems, continual efforts have been made in various fields of industry such as R&D, manufacturing, and finance to collect and analyze immense quantities of data in order to extract meaningful information and to use this information to solve various problems. Since IT has converged with various industries in many aspects, digital data are now being generated at a remarkably accelerating rate while developments in state-of-the-art technology have led to continual enhancements in system performance. The types of big data that are currently receiving the most attention include information available within companies, such as information on consumer characteristics, information on purchase records, logistics information and log information indicating the usage of products and services by consumers, as well as information accumulated outside companies, such as information on the web search traffic of online users, social network information, and patent information. Among these various types of big data, web searches performed by online users constitute one of the most effective and important sources of information for marketing purposes because consumers search for information on the internet in order to make efficient and rational choices. Recently, Google has provided public access to its information on the web search traffic of online users through a service named Google Trends. Research that uses this web search traffic information to analyze the information search behavior of online users is now receiving much attention in academia and in fields of industry. Studies using web search traffic information can be broadly classified into two fields. The first field consists of empirical demonstrations that show how web search information can be used to forecast social phenomena, the purchasing power of consumers, the outcomes of political elections, etc. The other field focuses on using web search traffic information to observe consumer behavior, identifying the attributes of a product that consumers regard as important or tracking changes on consumers` expectations, for example, but relatively less research has been completed in this field. In particular, to the extent of our knowledge, hardly any studies related to brands have yet attempted to use web search traffic information to analyze the factors that influence consumers` purchasing activities. This study aims to demonstrate that consumers` web search traffic information can be used to derive the relations among brands and the relations between an individual brand and product attributes. When consumers input their search words on the web, they may use a single keyword for the search, but they also often input multiple keywords to seek related information (this is referred to as simultaneous searching). A consumer performs a simultaneous search either to simultaneously compare two product brands to obtain information on their similarities and differences, or to acquire more in-depth information about a specific attribute in a specific brand. Web search traffic information shows that the quantity of simultaneous searches using certain keywords increases when the relation is closer in the consumer`s mind and it will be possible to derive the relations between each of the keywords by collecting this relational data and subjecting it to network analysis. Accordingly, this study proposes a method of analyzing how brands are positioned by consumers and what relationships exist between product attributes and an individual brand, using simultaneous search traffic information. It also presents case studies demonstrating the actual application of this method, with a focus on tablets, belonging to innovative product groups.
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Citations
Analysis of Highway Traffic Indices Using Internet Search Data
TL;DR: The main objective of this study is to prove the hypothesis that highway traffic indices are similar to the internet search patterns, and a model to predict the number of vehicles entering the expressway and space-mean speed was developed and the goodness-of-fit of the model was assessed.
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Clustering Corporate Brands based on Opinion Mining: A Case Study of the Automobile Industry
TL;DR: In this article, the authors proposed a framework for clustering brand names using the social metrics gathered on social media and conducted a case study of the automobile industry to verify the feasibility of the proposed framework.
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Detecting influenza epidemics using search engine query data
Jeremy Ginsberg,Matthew H. Mohebbi,Rajan Patel,Lynnette Brammer,Mark S. Smolinski,Lawrence B. Brilliant +5 more
TL;DR: A method of analysing large numbers of Google search queries to track influenza-like illness in a population and accurately estimate the current level of weekly influenza activity in each region of the United States with a reporting lag of about one day is presented.
Predicting the Present with Google Trends
Hyunyoung Choi,Hal R. Varian +1 more
TL;DR: This paper used search engine data to forecast near-term values of economic indicators, such as automobile sales, unemployment claims, travel destination planning, and consumer confidence, and showed how to use this information to forecast future economic indicators.
Forecasting Private Consumption: Survey-based Indicators vs. Google Trends
Simeon Vosen,Torsten Schmidt +1 more
TL;DR: The results show that in almost all conducted in‐sample and out-of-sample forecasting experiments the Google indicator outperforms the survey‐based indicators, suggesting that incorporating information from Google Trends may offer significant benefits to forecasters of private consumption.
Characteristics of Consumer Search On-Line: How Much Do We Search?
TL;DR: Results indicate that consumers like the Internet shopping process more when search transparency of the interface is high and price search and nonprice product information search increase when cross- site search and in-site search are made easy.
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An empirical study of users' hype cycle based on search traffic: the case study on hybrid cars
TL;DR: A new method for measuring the users’ expectation is presented and a new direction for future research is suggested that enables the forecasting of promising technologies and technological opportunities in linkage with the conventional technology life cycle model.
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