Measuring the Business Value of Recommender Systems
نویسندگان
چکیده
منابع مشابه
Empirical Analysis of the Business Value of Recommender Systems
Online retailers are increasingly using information technologies to provide value added services to customers. Prominent examples of these services are online recommender systems and consumer feedback mechanisms that serve to reduce consumer search costs and uncertainty associated with the purchase of unfamiliar products. The central question we address is the business value of online recommend...
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A lot of current research on recommender systems focuses on objectives that go beyond the accuracy of the recommendations; for instance, ensuring that the list of recommended items is diverse. In this work we explore a particular beyondaccuracy objective — serendipity. Existing approaches to measuring serendipity rely on comparing the produced recommendations against a baseline recommender syst...
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Recommender systems are embedded in almost every commercial site, proposing users items which are likely to draw their interest. While most systems maximize the immediate gain, a better notion of success would be the lifetime value (LTV) of the user-system interaction. The LTV approach instead considers the future implications of the item recommendations, and seeks to maximize over the cumulati...
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Recommender systems (RS) are increasingly adopted by ebusiness, social networks and many other user-centric websites. Based on the user’s previous choices or interests, a RS suggests new items in which the user might be interested. With constant changes in user behavior, the quality of a RS may decrease over time. Therefore, we need to monitor the performance of the RS, giving timely informatio...
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Recommender systems are a branch of retrieval systems and information matching, which through identifying the interests and requires of the user, help the users achieve the desired information or service through a massive selection of choices. In recent years, the recommender systems apply describing information in the terms of the user, such as location, time, and task, in order to produce re...
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ژورنال
عنوان ژورنال: ACM Transactions on Management Information Systems
سال: 2019
ISSN: 2158-656X,2158-6578
DOI: 10.1145/3370082