A text-based approach to industry classification

Industry classification schemes are a critical topic in academic research due to their use in combining companies into smaller groups that share similar characteristics. Although many studies in the domains of economics, accounting and finance depend heavily on these schemes, existing ones have significant limitations mainly due to their stagnant nature, which makes the schemes incapable of adapting to constant innovation and technological development. The objective of this thesis is to propose an automated, text-based industry classification scheme that can reflect constant changes in industry scope. This thesis approaches the research problem by answering two research questions. First, it studies whether it is possible to build an industry classification scheme by using word-embedding vectors extracted from news article. Second, this thesis identifies the benefits of a text-based industry classification scheme in comparison with existing classification schemes. To identify benefits, both qualitative and quantitative assessments are conducted to measure the performance. In the construction of an industry classification scheme, word-embedding vectors generated from news articles are used. The vectors are built using the Word2Vec algorithm. Word2Vec is a recently developed text-mining tool and is excellent at capturing the relationships between words and expressing them in a quantifiable format. The key findings of this thesis are twofold. First, it is technically possible to build an automated, text-based industry classification scheme by using word-embedding vectors. Two methods of building the scheme are proposed. Second, the proposed text-based scheme performs well in classifying companies into relevant business categories. In addition, the cluster-based scheme exhibits better performance in grouping companies into financially homogenous groups when parameters are optimized. The results suggest that a text-based industry classification scheme can serve as an alternative to existing industry classification schemes if parameters are optimized to the purpose of its use. The usefulness of the scheme is expected to increase due to the accelerating speed of innovation and technological development

Literature review on the smart city resources analysis with big data methodologies

This article provides a systematic literature review on applying different algorithms to municipal data processing, aiming to understand how the data were collected, stored, pre-processed, and analyzed, to compare various methods, and to select feasible solutions for further research. Several algorithms and data types are considered, finding that clustering, classification, correlation, anomaly detection, and prediction algorithms are frequently used. As expected, the data is of several types, ranging from sensor data to images. It is a considerable challenge, although several algorithms work very well, such as Long Short-Term Memory (LSTM) for timeseries prediction and classification.Open access funding provided by FCT|FCCN (b-on).info:eu-repo/semantics/publishedVersio

An integrated clustering analysis framework for heterogeneous data

Big data is a growing area of research with some important research challenges that motivate our work. We focus on one such challenge, the variety aspect. First, we introduce our problem by defining heterogeneous data as data about objects that are described by different data types, e.g., structured data, text, time-series, images, etc. Through our work we use five datasets for experimentation: a real dataset of prostate cancer data and four synthetic dataset that we have created and made them publicly available. Each dataset covers different combinations of data types that are used to describe objects. Our strategy for clustering is based on fusion approaches. We compare intermediate and late fusion schemes. We propose an intermediary fusion approach, Similarity Matrix Fusion (SMF), where the integration process takes place at the level of calculating similarities. SMF produces a single distance fusion matrix and two uncertainty expression matrices. We then propose a clustering algorithm, Hk-medoids, a modified version of the standard k-medoids algorithm that utilises uncertainty calculations to improve on the clustering performance. We evaluate our results by comparing them to clustering produced using individual elements and show that the fusion approach produces equal or significantly better results. Also, we show that there are advantages in utilising the uncertainty information as Hkmedoids does. In addition, from a theoretical point of view, our proposed Hk-medoids algorithm has less computation complexity than the popular PAM implementation of the k-medoids algorithm. Then, we employed late fusion that aggregates the results of clustering by individual elements by combining cluster labels using an object co-occurrence matrix technique. The final cluster is then derived by a hierarchical clustering algorithm. We show that intermediate fusion for clustering of heterogeneous data is a feasible and efficient approach using our proposed Hk-medoids algorithm

Market Segmentation Analysis: Understanding It, Doing It, and Making It Useful

This open access book offers something for everyone working with market segmentation: practical guidance for users of market segmentation solutions; organisational guidance on implementation issues; guidance for market researchers in charge of collecting suitable data; and guidance for data analysts with respect to the technical and statistical aspects of market segmentation analysis. Even market segmentation experts will find something new, including a vast array of useful visualisation techniques that make interpretation of market segments and selection of target segments easier. All calculations are accompanied not only with a detailed explanation, but also with R code that allows readers to replicate any aspect of what is being covered in the book using R, the open-source environment for statistical computing and graphics.Dieses Open Access Buch offeriert allen etwas, die mit Marktsegmentierung zu tun haben: praktische Anleitungen für Anwender von Marktsegmentierungslösungen, organisatorische Hilfe zur Umsetzung und Datensammlung, sowie Hilfe zur technischen und statistischen Umsetzung von Marktsegmentierungsanalysen. Auch Experten der Marktsegmentierung finden neue Werkzeuge, inbesonders eine umfangreiche Sammlung von Visualisierungsmethoden zur einfacheren Interpretation und Selektion von Marktsegmenten. Alle Berechnungen werden nicht nur detailliert erklärt, sondern von R Code begleitet, welcher es dem Leser erlaubt, alle Analysen im Buch mit Hilfe der Open Source Statistiksoftware R zu replizieren

Market Segmentation Analysis

Business; Management science; Market research; Statistics

A review of clustering techniques and developments

© 2017 Elsevier B.V. This paper presents a comprehensive study on clustering: exiting methods and developments made at various times. Clustering is defined as an unsupervised learning where the objects are grouped on the basis of some similarity inherent among them. There are different methods for clustering the objects such as hierarchical, partitional, grid, density based and model based. The approaches used in these methods are discussed with their respective states of art and applicability. The measures of similarity as well as the evaluation criteria, which are the central components of clustering, are also presented in the paper. The applications of clustering in some fields like image segmentation, object and character recognition and data mining are highlighted

Data Clustering: Algorithms and Its Applications

Data is useless if information or knowledge that can be used for further reasoning cannot be inferred from it. Cluster analysis, based on some criteria, shares data into important, practical or both categories (clusters) based on shared common characteristics. In research, clustering and classification have been used to analyze data, in the field of machine learning, bioinformatics, statistics, pattern recognition to mention a few. Different methods of clustering include Partitioning (K-means), Hierarchical (AGNES), Density-based (DBSCAN), Grid-based (STING), Soft clustering (FANNY), Model-based (SOM) and Ensemble clustering. Challenges and problems in clustering arise from large datasets, misinterpretation of results and efficiency/performance of clustering algorithms, which is necessary for choosing clustering algorithms. In this paper, application of data clustering was systematically discussed in view of the characteristics of the different clustering techniques that make them better suited or biased when applied to several types of data, such as uncertain data, multimedia data, graph data, biological data, stream data, text data, time series data, categorical data and big data. The suitability of the available clustering algorithms to different application areas was presented. Also investigated were some existing cluster validity methods used to evaluate the goodness of the clusters produced by the clustering algorithms

Statistical Extraction of Multilingual Natural Language Patterns for RDF Predicates: Algorithms and Applications

The Data Web has undergone a tremendous growth period. It currently consists of more then 3300 publicly available knowledge bases describing millions of resources from various domains, such as life sciences, government or geography, with over 89 billion facts. In the same way, the Document Web grew to the state where approximately 4.55 billion websites exist, 300 million photos are uploaded on Facebook as well as 3.5 billion Google searches are performed on average every day. However, there is a gap between the Document Web and the Data Web, since for example knowledge bases available on the Data Web are most commonly extracted from structured or semi-structured sources, but the majority of information available on the Web is contained in unstructured sources such as news articles, blog post, photos, forum discussions, etc. As a result, data on the Data Web not only misses a significant fragment of information but also suffers from a lack of actuality since typical extraction methods are time-consuming and can only be carried out periodically. Furthermore, provenance information is rarely taken into consideration and therefore gets lost in the transformation process. In addition, users are accustomed to entering keyword queries to satisfy their information needs. With the availability of machine-readable knowledge bases, lay users could be empowered to issue more specific questions and get more precise answers. In this thesis, we address the problem of Relation Extraction, one of the key challenges pertaining to closing the gap between the Document Web and the Data Web by four means. First, we present a distant supervision approach that allows finding multilingual natural language representations of formal relations already contained in the Data Web. We use these natural language representations to find sentences on the Document Web that contain unseen instances of this relation between two entities. Second, we address the problem of data actuality by presenting a real-time data stream RDF extraction framework and utilize this framework to extract RDF from RSS news feeds. Third, we present a novel fact validation algorithm, based on natural language representations, able to not only verify or falsify a given triple, but also to find trustworthy sources for it on the Web and estimating a time scope in which the triple holds true. The features used by this algorithm to determine if a website is indeed trustworthy are used as provenance information and therewith help to create metadata for facts in the Data Web. Finally, we present a question answering system that uses the natural language representations to map natural language question to formal SPARQL queries, allowing lay users to make use of the large amounts of data available on the Data Web to satisfy their information need

Aplicação de técnicas de Clustering ao contexto da Tomada de Decisão em Grupo

Nowadays, decisions made by executives and managers are primarily made in a group. Therefore, group decision-making is a process where a group of people called participants work together to analyze a set of variables, considering and evaluating a set of alternatives to select one or more solutions. There are many problems associated with group decision-making, namely when the participants cannot meet for any reason, ranging from schedule incompatibility to being in different countries with different time zones. To support this process, Group Decision Support Systems (GDSS) evolved to what today we call web-based GDSS. In GDSS, argumentation is ideal since it makes it easier to use justifications and explanations in interactions between decision-makers so they can sustain their opinions. Aspect Based Sentiment Analysis (ABSA) is a subfield of Argument Mining closely related to Natural Language Processing. It intends to classify opinions at the aspect level and identify the elements of an opinion. Applying ABSA techniques to Group Decision Making Context results in the automatic identification of alternatives and criteria, for example. This automatic identification is essential to reduce the time decision-makers take to step themselves up on Group Decision Support Systems and offer them various insights and knowledge on the discussion they are participants. One of these insights can be arguments getting used by the decision-makers about an alternative. Therefore, this dissertation proposes a methodology that uses an unsupervised technique, Clustering, and aims to segment the participants of a discussion based on arguments used so it can produce knowledge from the current information in the GDSS. This methodology can be hosted in a web service that follows a micro-service architecture and utilizes Data Preprocessing and Intra-sentence Segmentation in addition to Clustering to achieve the objectives of the dissertation. Word Embedding is needed when we apply clustering techniques to natural language text to transform the natural language text into vectors usable by the clustering techniques. In addition to Word Embedding, Dimensionality Reduction techniques were tested to improve the results. Maintaining the same Preprocessing steps and varying the chosen Clustering techniques, Word Embedders, and Dimensionality Reduction techniques came up with the best approach. This approach consisted of the KMeans++ clustering technique, using SBERT as the word embedder with UMAP dimensionality reduction, reducing the number of dimensions to 2. This experiment achieved a Silhouette Score of 0.63 with 8 clusters on the baseball dataset, which wielded good cluster results based on their manual review and Wordclouds. The same approach obtained a Silhouette Score of 0.59 with 16 clusters on the car brand dataset, which we used as an approach validation dataset.Atualmente, as decisões tomadas por gestores e executivos são maioritariamente realizadas em grupo. Sendo assim, a tomada de decisão em grupo é um processo no qual um grupo de pessoas denominadas de participantes, atuam em conjunto, analisando um conjunto de variáveis, considerando e avaliando um conjunto de alternativas com o objetivo de selecionar uma ou mais soluções. Existem muitos problemas associados ao processo de tomada de decisão, principalmente quando os participantes não têm possibilidades de se reunirem (Exs.: Os participantes encontramse em diferentes locais, os países onde estão têm fusos horários diferentes, incompatibilidades de agenda, etc.). Para suportar este processo de tomada de decisão, os Sistemas de Apoio à Tomada de Decisão em Grupo (SADG) evoluíram para o que hoje se chamam de Sistemas de Apoio à Tomada de Decisão em Grupo baseados na Web. Num SADG, argumentação é ideal pois facilita a utilização de justificações e explicações nas interações entre decisores para que possam suster as suas opiniões. Aspect Based Sentiment Analysis (ABSA) é uma área de Argument Mining correlacionada com o Processamento de Linguagem Natural. Esta área pretende classificar opiniões ao nível do aspeto da frase e identificar os elementos de uma opinião. Aplicando técnicas de ABSA à Tomada de Decisão em Grupo resulta na identificação automática de alternativas e critérios por exemplo. Esta identificação automática é essencial para reduzir o tempo que os decisores gastam a customizarem-se no SADG e oferece aos mesmos conhecimento e entendimentos sobre a discussão ao qual participam. Um destes entendimentos pode ser os argumentos a serem usados pelos decisores sobre uma alternativa. Assim, esta dissertação propõe uma metodologia que utiliza uma técnica não-supervisionada, Clustering, com o objetivo de segmentar os participantes de uma discussão com base nos argumentos usados pelos mesmos de modo a produzir conhecimento com a informação atual no SADG. Esta metodologia pode ser colocada num serviço web que segue a arquitetura micro serviços e utiliza Preprocessamento de Dados e Segmentação Intra Frase em conjunto com o Clustering para atingir os objetivos desta dissertação. Word Embedding também é necessário para aplicar técnicas de Clustering a texto em linguagem natural para transformar o texto em vetores que possam ser usados pelas técnicas de Clustering. Também Técnicas de Redução de Dimensionalidade também foram testadas de modo a melhorar os resultados. Mantendo os passos de Preprocessamento e variando as técnicas de Clustering, Word Embedder e as técnicas de Redução de Dimensionalidade de modo a encontrar a melhor abordagem. Essa abordagem consiste na utilização da técnica de Clustering KMeans++ com o SBERT como Word Embedder e UMAP como a técnica de redução de dimensionalidade, reduzindo as dimensões iniciais para duas. Esta experiência obteve um Silhouette Score de 0.63 com 8 clusters no dataset de baseball, que resultou em bons resultados de cluster com base na sua revisão manual e visualização dos WordClouds. A mesma abordagem obteve um Silhouette Score de 0.59 com 16 clusters no dataset das marcas de carros, ao qual usamos esse dataset com validação de abordagem

Search and Retrieval in Massive Data Collections

The main goal of this research is to produce a novel and efficient searching application by means of best match and proximity searching with particular application to very large numeric and textual data stores. In today’s world a huge amount of information is produced. Almost every part of our society is touched by systems that collect, store and analyse data. As an example I mention the case of scientific instrumentation: new sensors capture massive amounts of information (e.g. new telescopes acquiring data from different regions of the spectrum). Description of biological and chemical interactions also produce complex and large amounts of data. It is in this context that a big challenge for current analysis algorithms is presented. Many of the traditional methods for data analysis do not scale well in massive data sets nor in very high dimensional spaces. In this work I introduce a novel (ultrametric) distance called Baire based on the longest common prefix and show how it can be used to produce clusters through grouping data in ’bins’ taking linear or O(n) computational time. Furthermore, it follows that this distance can be strictly fitted to a hierarchy tree. This is a property that proves very useful for classifying, storing, accessing and retrieving information. I go further to apply this methodology on data from different scientific areas such as astronomy and chemistry to create groups or clusters. Additionally I apply this method to document sets for clustering and retrieval. In particular, I look into the new area of enterprise search to propose a new method to support scalable search and clustering