Skip to main content

Advertisement

Log in

Insight monetization intermediary platform using recommender systems

  • Research Paper
  • Published:
Electronic Markets Aims and scope Submit manuscript

Abstract

Fundamental changes have prepared the grounds for a rapid movement towards becoming data and insight-driven. Businesses are continually seeking approaches to create more value from data. The main purpose of this article is to propose a model by which experts as Human Intelligence, can participate to share their expectations to orient the data processing towards the generation of insights needed to target industries and consequently, the realization of indirect data monetization. A set of recommendation systems as Artificial Intelligence, facilitate the submission and validation of expectations, access to data, and selling insights. The model also encompasses a direct data monetization strategy, wherein participants access or request their requirements in an Online Insight Marketplace. We have used the design science methodology to develop and validate our proposed model. The model is validated by comparison with competitive models from the literature, and also by bringing evidence from real-world applications which relate to the components of our model.

This is a preview of subscription content, log in via an institution to check access.

Access this article

Price excludes VAT (USA)
Tax calculation will be finalised during checkout.

Instant access to the full article PDF.

Fig. 1
Fig. 2
Fig. 3
Fig. 4
Fig. 5
Fig. 6
Fig. 7
Fig. 8

Similar content being viewed by others

References

Download references

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to Payam Hanafizadeh.

Additional information

Responsible Editor: Ravi S Sharma

Publisher’s note

Springer Nature remains neutral with regard to jurisdictional claims in published maps and institutional affiliations.

This article is part of the Topical Collection on Recommendation Systems (RS) in Electronic Markets

Appendix

Appendix

Glossary of Acronyms

AI: Artificial Intelligence

BPMN: Business Process Model Notation.

CIST: Collective Intelligence Social Tagging.

DOR: Data Offering Repository.

DSR: Design Science Research.

DVC: Data Vendor Community.

FR: Feedback Repository.

HI: Human Intelligence.

HIT: Human Intelligence Tasks.

IaaS: Insight-as-a-Service.

IH: Insight Hunter.

IP: Insight Provider.

IR: Insight Repository.

IT: Information Technology.

MEEM: Monetizing Expert Expectation Model.

MEET: Monetizing Expert Expectation Token.

PC: Professional Community.

SaaS: Software-as-a-Service.

Rights and permissions

Reprints and permissions

About this article

Check for updates. Verify currency and authenticity via CrossMark

Cite this article

Hanafizadeh, P., Barkhordari Firouzabadi, M. & Vu, K.M. Insight monetization intermediary platform using recommender systems. Electron Markets 31, 269–293 (2021). https://doi.org/10.1007/s12525-020-00449-w

Download citation

  • Received:

  • Accepted:

  • Published:

  • Issue Date:

  • DOI: https://doi.org/10.1007/s12525-020-00449-w

Keywords

JEL classifications

Navigation