Metadata and information asset for infomediary business model on primary product market

Taehan Kim; Sang Chan Park

doi:10.1007/11600930_94

Metadata and information asset for infomediary business model on primary product market

Taehan Kim, Sang Chan Park

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

1 Citation (Scopus)

Abstract

On a marketplace, classic intermediaries based on products become less profitable, but infomediary, an intermediary based on information, plays a new important role. To intermediate meaningful and timely information among participants, it has to maintain a data ware-house with an information asset based on a new attribute, which is metadata of physical transaction, as an alternative of conventional attribute on relational data model. The metadata aggregates the raw transactions more pertinently than current attribute, and the corresponding information asset serves substantially for decision making. In this paper, we describe the constitution of metadata on primary product market and the value of multidimensional information asset for market participants. The application shows that each participant can increase its profit by using the information asset, and so can the infomediary by vending it.

Original language	English
Title of host publication	Internet and Network Economics - First International Workshop, WINE 2005, Proceedings
Publisher	Springer Verlag
Pages	926-935
Number of pages	10
ISBN (Print)	3540309004, 9783540309000
DOIs	https://doi.org/10.1007/11600930_94
Publication status	Published - 2005
Event	1st International Workshop on Internet and Network Economics, WINE 2005 - Hong Kong, China Duration: 15 Dec 2005 → 17 Dec 2005

Publication series

Name	Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)
Volume	3828 LNCS
ISSN (Print)	0302-9743
ISSN (Electronic)	1611-3349

Conference

Conference	1st International Workshop on Internet and Network Economics, WINE 2005
Country/Territory	China
City	Hong Kong
Period	15/12/05 → 17/12/05

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10.1007/11600930_94

Cite this

Kim, T., & Park, S. C. (2005). Metadata and information asset for infomediary business model on primary product market. In Internet and Network Economics - First International Workshop, WINE 2005, Proceedings (pp. 926-935). (Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics); Vol. 3828 LNCS). Springer Verlag. https://doi.org/10.1007/11600930_94

Kim, Taehan ; Park, Sang Chan. / Metadata and information asset for infomediary business model on primary product market. Internet and Network Economics - First International Workshop, WINE 2005, Proceedings. Springer Verlag, 2005. pp. 926-935 (Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)).

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abstract = "On a marketplace, classic intermediaries based on products become less profitable, but infomediary, an intermediary based on information, plays a new important role. To intermediate meaningful and timely information among participants, it has to maintain a data ware-house with an information asset based on a new attribute, which is metadata of physical transaction, as an alternative of conventional attribute on relational data model. The metadata aggregates the raw transactions more pertinently than current attribute, and the corresponding information asset serves substantially for decision making. In this paper, we describe the constitution of metadata on primary product market and the value of multidimensional information asset for market participants. The application shows that each participant can increase its profit by using the information asset, and so can the infomediary by vending it.",

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series = "Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)",

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Kim, T & Park, SC 2005, Metadata and information asset for infomediary business model on primary product market. in Internet and Network Economics - First International Workshop, WINE 2005, Proceedings. Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics), vol. 3828 LNCS, Springer Verlag, pp. 926-935, 1st International Workshop on Internet and Network Economics, WINE 2005, Hong Kong, China, 15/12/05. https://doi.org/10.1007/11600930_94

Metadata and information asset for infomediary business model on primary product market. / Kim, Taehan; Park, Sang Chan.
Internet and Network Economics - First International Workshop, WINE 2005, Proceedings. Springer Verlag, 2005. p. 926-935 (Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics); Vol. 3828 LNCS).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

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AB - On a marketplace, classic intermediaries based on products become less profitable, but infomediary, an intermediary based on information, plays a new important role. To intermediate meaningful and timely information among participants, it has to maintain a data ware-house with an information asset based on a new attribute, which is metadata of physical transaction, as an alternative of conventional attribute on relational data model. The metadata aggregates the raw transactions more pertinently than current attribute, and the corresponding information asset serves substantially for decision making. In this paper, we describe the constitution of metadata on primary product market and the value of multidimensional information asset for market participants. The application shows that each participant can increase its profit by using the information asset, and so can the infomediary by vending it.

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Kim T, Park SC. Metadata and information asset for infomediary business model on primary product market. In Internet and Network Economics - First International Workshop, WINE 2005, Proceedings. Springer Verlag. 2005. p. 926-935. (Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)). doi: 10.1007/11600930_94

Metadata and information asset for infomediary business model on primary product market

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