Sanitizing data for analysis: Designing systems for data understanding

IF 7.1 3区 管理学 Q1 BUSINESS Electronic Markets Pub Date : 2023-10-09 DOI:10.1007/s12525-023-00677-w
Joshua Holstein, Max Schemmer, Johannes Jakubik, Michael Vössing, Gerhard Satzger
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引用次数: 1

Abstract

Abstract As organizations accumulate vast amounts of data for analysis, a significant challenge remains in fully understanding these datasets to extract accurate information and generate real-world impact. Particularly, the high dimensionality of datasets and the lack of sufficient documentation, specifically the provision of metadata, often limit the potential to exploit the full value of data via analytical methods. To address these issues, this study proposes a hybrid approach to metadata generation, that leverages both the in-depth knowledge of domain experts and the scalability of automated processes. The approach centers on two key design principles—semanticization and contextualization—to facilitate the understanding of high-dimensional datasets. A real-world case study conducted at a leading pharmaceutical company validates the effectiveness of this approach, demonstrating improved collaboration and knowledge sharing among users. By addressing the challenges in metadata generation, this research contributes significantly toward empowering organizations to make more effective, data-driven decisions.

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为分析清理数据:为数据理解设计系统
随着组织积累了大量用于分析的数据,充分理解这些数据集以提取准确信息并产生实际影响仍然是一个重大挑战。特别是,数据集的高维性和缺乏足够的文件,特别是元数据的提供,往往限制了通过分析方法充分利用数据价值的潜力。为了解决这些问题,本研究提出了一种混合的元数据生成方法,利用领域专家的深入知识和自动化过程的可扩展性。该方法以两个关键的设计原则为中心——语义化和上下文化——以促进对高维数据集的理解。在一家领先的制药公司进行的实际案例研究验证了这种方法的有效性,展示了用户之间改进的协作和知识共享。通过解决元数据生成中的挑战,本研究为授权组织做出更有效的数据驱动决策做出了重大贡献。
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来源期刊
Electronic Markets
Electronic Markets Multiple-
CiteScore
14.80
自引率
15.30%
发文量
85
期刊介绍: Electronic Markets (EM) stands as a premier academic journal providing a dynamic platform for research into various forms of networked business. Recognizing the pivotal role of information and communication technology (ICT), EM delves into how ICT transforms the interactions between organizations and customers across diverse domains such as social networks, electronic commerce, supply chain management, and customer relationship management. Electronic markets, in essence, encompass the realms of networked business where multiple suppliers and customers engage in economic transactions within single or multiple tiers of economic value chains. This broad concept encompasses various forms, including allocation platforms with dynamic price discovery mechanisms, fostering atomistic relationships. Notable examples originate from financial markets (e.g., CBOT, XETRA) and energy markets (e.g., EEX, ICE). Join us in exploring the multifaceted landscape of electronic markets and their transformative impact on business interactions and dynamics.
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