The disruptometer: an artificial intelligence algorithm for market insights
Mimi Aminah binti Wan Nordin, Dmitry Vedenyapin, Muhammad Fahreza Alghifari, Teddy Surya Gunawan
Abstract
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.
Keywords
Artificial intelligence; Market research; Social media data mining; Twitter
DOI:
https://doi.org/10.11591/eei.v8i2.1494
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Bulletin of EEI Stats
Bulletin of Electrical Engineering and Informatics (BEEI) ISSN: 2089-3191, e-ISSN: 2302-9285 This journal is published by the Institute of Advanced Engineering and Science (IAES) in collaboration with Intelektual Pustaka Media Utama (IPMU) .