Cookies help us display personalized product recommendations and ensure you have great shopping experience.

By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
SmartData CollectiveSmartData Collective
  • Analytics
    AnalyticsShow More
    warehouse accidents
    Data Analytics and the Future of Warehouse Safety
    10 Min Read
    stock investing and data analytics
    How Data Analytics Supports Smarter Stock Trading Strategies
    4 Min Read
    predictive analytics risk management
    How Predictive Analytics Is Redefining Risk Management Across Industries
    7 Min Read
    data analytics and gold trading
    Data Analytics and the New Era of Gold Trading
    9 Min Read
    composable analytics
    How Composable Analytics Unlocks Modular Agility for Data Teams
    9 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-25 SmartData Collective. All Rights Reserved.
Reading: A Semantic Web Case Study
Share
Notification
Font ResizerAa
SmartData CollectiveSmartData Collective
Font ResizerAa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > Inside Companies > A Semantic Web Case Study
Inside Companies

A Semantic Web Case Study

MIKE20
MIKE20
6 Min Read
SHARE

Contents
  • GoodRelations
  • Motivation
  • Results
  • Feedback

This series on the semantic web started with an introduction in Part I, continued with the business case in Part II, and turned to complementary technologies in Part III. It’s now time to put theory into practice with a case study. With the requisite background out of the way, let’s look at what one company is doing with the semantic web and related technologies. And this isn’t some obscure company of which no one has heard. This is Best Buy.

More Read

byod mobile management
BYOD: Reducing the Risk with Mobile App Management
The Data Paradox
Are Data Scientists Overpaid?
What should business journalists disclose?
Decision Management and Insurance – Business Optimization and Governance

Best Buy is using the GoodRelations ontology to make its sales’ data much more meaningful to everyone and everything, including suppliers, real and potential customers, applications, systems, and the public at large.

GoodRelations

Of course, this begs the question: What is GoodRelations? According to its website, GoodRelations is an e-commerce ontology that allows for the use of “a standardized vocabulary for product, price, and company data that

  1. can be embedded into existing static and dynamic Web pages and that
  2. can be processed by other computers

This increases the visibility of your products and services in the latest generation of search engines, recommender systems, and novel mobile or social applications.”

Best Buy was smart in going semantic. It did initially go all in. Rather, as Jay Myers points out, Best Buy initially rolled out GoodRelations across a number of stores. Buoyed by early successes, only then did the company embrace GoodRelations company-wide. Today, it’s at least “a little semantic” at each of its more than 1,000 stores.

Motivation

Simple search means that traditional SEO dictates what appears at the top of searches. In other words, it can be difficult for a company to reach its intended customers–or, more accurately, for potential customers to reach the right company. To be sure, Google is amazing at simple search and smart folks type in additional words to provide greater context to basic searches. In the end, many ultimately find more relevant results with their queries.

However, at present, one thing is obvious: simple searches often do not find the most meaningful results. Bottlenecks and frustrated customers can result that, in turn, reduce sales. (For more information on some of the challenges of simple search and how semantic technologies such as GoodRelations can overcome these, check out this presentation.)

If you’re anything like me, you’re not patient when trying to find something. This is not 1995, when search first appeared. Results were laughably inaccurate and people often gave up without finding what they wanted. While we have made a great deal of progress with search, in large part thanks to two folks name Larry and Sergei and a horde of imitators, there’s still a great deal of room for improvement. We are at the just the tip of the iceberg with search, as Google CEO Eric Schmidt recently pointed out on the Charlie Rose show.

Companies such as Best Buy should be commended for being proactive. They understand where the web is going and, despite being a market leader, they are avoiding The Innovator’s Dilemma.

Results

The adoption of GoodRelations has hardly been universal and I certainly can’t claim that it’s the best or only ontology that meet retailers’ needs. But focusing on “the best” of anything often misses the point. What are the odds that everyone in any company–much less one as big as Best Buy–would agree on what to do and how to do it?

Best Buy has already seen concrete results by utilizing GoodRelations. Myers recently revealed that “since they launched their beta Semantic Product Web, augmented with GoodRelations and RDFa, they’ve seen a 30% increase in traffic to their pages. Again, there could be many reasons for this—not a perfectly controlled experiment—but the correlation is remarkable.”

It takes a great deal of work to transform data from a bunch of structured or unstructured junk into the accurate, contextual, and complete information capable of supporting the semantic web. Absent good data, GoodRelations or any other ontology is likely to yield disappointing results. Web 3.0–or whatever you want to call it–hinges upon technologies, good data, and proactive management. It’s refreshing to see a large company lead the way and avoid the complacency often associated with organizations typically content to maintain the status quo.

On a different level, Best Buy is instructive for refusing to take baby steps. So often with large companies–and I speak from years of personal experience, naysayers and opponents of substantive change block efforts to dramatically improve technologies, data, and management practices. Clearly, this is not the case with Best Buy. I have no doubt that they’ll benefit from deploying semantic technologies in the long-term.

Feedback

What say you?

Read more at MIKE2.0: The Open Source Standard for Information Management

TAGGED:semantic web
Share This Article
Facebook Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

Diverse Research Datasets
The 5 Best Platforms Offering the Most Diverse Research Datasets in 2026
Big Data Exclusive
macro intelligence and ai
How Permutable AI is Advancing Macro Intelligence for Complex Global Markets
Artificial Intelligence Exclusive
warehouse accidents
Data Analytics and the Future of Warehouse Safety
Analytics Commentary Exclusive
stock investing and data analytics
How Data Analytics Supports Smarter Stock Trading Strategies
Analytics Exclusive

Stay Connected

1.2KFollowersLike
33.7KFollowersFollow
222FollowersPin

You Might also Like

A Layman’s Intro to the Semantic Web: Web 3.0, ontology, and RDFa

12 Min Read

The Semantic Web, Customer Service, and the Financial World

7 Min Read

The Semantic Web, Part V: Getting Ready

7 Min Read

Happy New Year: What’s Ahead for the Semantic Web (Part 2)

2 Min Read

SmartData Collective is one of the largest & trusted community covering technical content about Big Data, BI, Cloud, Analytics, Artificial Intelligence, IoT & more.

AI and chatbots
Chatbots and SEO: How Can Chatbots Improve Your SEO Ranking?
Artificial Intelligence Chatbots Exclusive
giveaway chatbots
How To Get An Award Winning Giveaway Bot
Big Data Chatbots Exclusive

Quick Link

  • About
  • Contact
  • Privacy
Follow US
© 2008-25 SmartData Collective. All Rights Reserved.
Go to mobile version
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?