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Purchase Intent, Online Offers and Product Innovation: Misunderstandings in the Ménage à Trois

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Business Information Systems Workshops (BIS 2011)

Part of the book series: Lecture Notes in Business Information Processing ((LNBIP,volume 97))

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Abstract

We discuss a semantic platform that matches a customer’s purchase intent against vendor offers. The customers’ perception on particular products, including evolving needs and preferences, were captured in a request and product ontology, in turn used to annotate vendor offers. During the project, however, we observed an important gap between the intent descriptions of users and the available data in product descriptions. We argue that through the inclusion of peripheral data, vendors are able to innovate according to customer preference, and users receive increasingly relevant results. We present a method that is essentially a customer-driven innovation system using product innovation ontologies.

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Meersman, D., Debruyne, C. (2011). Purchase Intent, Online Offers and Product Innovation: Misunderstandings in the Ménage à Trois. In: Abramowicz, W., Maciaszek, L., Węcel, K. (eds) Business Information Systems Workshops. BIS 2011. Lecture Notes in Business Information Processing, vol 97. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-25370-6_13

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  • DOI: https://doi.org/10.1007/978-3-642-25370-6_13

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-642-25369-0

  • Online ISBN: 978-3-642-25370-6

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