practical applications of semantic web in retail -- semtech 2014

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PRACTICAL APPLICATIONS OF SEMANTICS IN RETAIL A YEAR OF EXPERIMENTATION Jay Myers, Best Buy @jaymyers

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This presentation explores a year of experimentation, POCs, and research of Linked Data and Semantic Web technologies within Best Buy. It highlights three use cases where a small team approached internal data problems with semantics -- reviewing high level technical methodologies, application details, and technical and business metrics (ROI, conversion, etc.)

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Page 1: Practical Applications of Semantic Web in Retail -- Semtech 2014

PRACTICAL APPLICATIONS OF SEMANTICS IN RETAILA YEAR OF EXPERIMENTATIONJay Myers, Best Buy @jaymyers

Page 2: Practical Applications of Semantic Web in Retail -- Semtech 2014

Broken data

Page 3: Practical Applications of Semantic Web in Retail -- Semtech 2014

IMPORTANT INFORMATIONGETS FILTERED

Page 4: Practical Applications of Semantic Web in Retail -- Semtech 2014

COMMON DATA FLOW INTO CMS/ PIM

Data Source(s) PIM/ CMSwith

schema

Accepted data

Discardeddata

RDBMS

Page 5: Practical Applications of Semantic Web in Retail -- Semtech 2014

SEMANTIC METHOD

Data Source(s) RDBMS

D2RQ

RDF & SPARQL

Page 6: Practical Applications of Semantic Web in Retail -- Semtech 2014

COMPLETE DATA + SEMANTICS = DISCOVERY

+ +

Page 7: Practical Applications of Semantic Web in Retail -- Semtech 2014

Product relationships

Page 8: Practical Applications of Semantic Web in Retail -- Semtech 2014

MOST ENTERPRISE SYSTEMS DON’T PROJECT RELATIONSHIP DATA

Page 9: Practical Applications of Semantic Web in Retail -- Semtech 2014

CUSTOMERS WANT TO KNOW WHICH PRODUCTS WORK TOGETHER

Page 10: Practical Applications of Semantic Web in Retail -- Semtech 2014

Product OntologyVendor Named Graph

Vendor Named Graph

Best Buy Product Data (RDF)

Data Source(s)

JSON-LD services

Page 11: Practical Applications of Semantic Web in Retail -- Semtech 2014

The product long tail

Page 12: Practical Applications of Semantic Web in Retail -- Semtech 2014

OPPORTUNITY EXISTS TO EXPAND REVENUE BY EXPLOITING EVERY ITEM IN THE PRODUCT CATALOG

Page 13: Practical Applications of Semantic Web in Retail -- Semtech 2014

PERSONALIZATION DOESN’T UNCOVER LONG TAIL PRODUCTS

…rather than discovering new facts or perspectives when you search for news, information, or products, you will be presented with “adjacent” concepts. It’s not so much discovery of new ideas as it is exploitation of existing ideas.

Don Peppers, “The Downside of Personalization”https://www.linkedin.com/today/post/article/20140620114239-17102372-the-downside-of-personalization

Page 14: Practical Applications of Semantic Web in Retail -- Semtech 2014

BRING BACK SERENDIPITY!

Page 15: Practical Applications of Semantic Web in Retail -- Semtech 2014

Best Buy Product Data/ Triplestore

SPARQL

168840126990083194853175420885261657394087476084826100415000832

SKU Results Promo builder

Dev and bizideation

Page 16: Practical Applications of Semantic Web in Retail -- Semtech 2014

CONVERSION

11x 5x9x

* vs. standard site conversion

“Stocking Stuffers” Valentine’s Day St Patrick’s Day

Page 17: Practical Applications of Semantic Web in Retail -- Semtech 2014

CHALLENGES

• Enterprise data is still a mess

• Ontologies/ vocabularies are misunderstood

• IT focuses on systems, not data

• Integration into Enterprise systems

Page 18: Practical Applications of Semantic Web in Retail -- Semtech 2014

POSITIVES

• Leadership is on board

• Ontology is now a “thing” internally

• Positive results from experimentation drive business interest

Page 19: Practical Applications of Semantic Web in Retail -- Semtech 2014

@JAYMYERS