Internet Retailing London: How the Semantic Web is Creating New Opportunities for Ecommerce

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V e r t r a u l i c h VERTRAULICH VERTRAULICH Smart Information Systems GmbH www.smart-infosys.com How the Semantic Web is Creating New Opportunities for Ecommerce Internet Retailing, London October 13 th 2009 Markus Linder ceo & founder

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In his presentation which Markus Linder gave on Oct. 13th 2009 at Internet Retailing 2009 in London, he explaines how a new standard of web data handling is being created that is already championed by firms such as Google, Wikipedia, Siemens, Microsoft and Yahoo. He uses case studies to show how this technology is currently being used, as well as how this technology will transform the way the web will be used in years to come. Why is this important?The key to Semantic Web Technology from the point of view of a firm that sells or promotes goods or services online, is that it will create a vastly increased level of visibility to consumers. This is relevant for any firm who is looking to improve their Search Engine Optimisation (SEO) and their presence on third party websites. The Semantic Web offers suppliers the opportunity to describe their products and services in a form that is machine-interpretable. Suppliers that have already done so are now already better presented in search engines like Google or Yahoo (rich snippets and Yahoo Search Monkey). The development of innovative semantic web-search technologies, semantic web mashups, semantic affiliate and semantic search engine marketing will lead to a paradigm shift in online marketing and e-commerce. When searching for “a 4-star hotel in England from the 4th to the 6th of August that has a swimming pool and is located in a region, where visitors can attend a yoga-course and a classical concert during their stay” the search engine Google suggests a vast amount of links but no useful results. Entering the same phrase in a Semantic Web-based search engine, users will be able to obtain hotel recommendations that fit their search criteria including their desired yoga course and classical concert within the region during their stay. This means that the consumer will be able to find a packaged solution, rather than having to look on multiple websites.

Transcript of Internet Retailing London: How the Semantic Web is Creating New Opportunities for Ecommerce

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www.smart-infosys.com

V e r t r a u l i c hVERTRAULICHVERTRAULICH

Smart Information Systems GmbH

www.smart-infosys.com

How the Semantic Web is Creating New Opportunities for

Ecommerce

Internet Retailing, London

October 13th 2009

Markus Linder

ceo & founder

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Smart Information Systems GmbH was established in 2005 and focuses on

next generation e-commerce solutions

Positioning: Strategic partner to firms with an e-commerce presence for the

implementation and maintenance of intelligent product advisors

European market leader

Located in Vienna, Austria

References (excerpt):

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THE BOUNDARIES OF WEB 1.0

AND WEB 2.0

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Notebook Sony or Asus light max. 12 inch with webcam

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World-Wide-Web: the meaning of information

remains hidden for computers

Computers can only recognize a combination of characters

(syntax)

T-R-A-I-N

The meaning (semantics) remains hidden:

– Synonyms (rail)

– Homonyms (rail vs. instruction)

– Hyponyms (means of transportation)

– Hyperonyms (compartment)

Only a human being can put spread information from the WWW

into an intelligent context.

Google & Co find a combination of characters on websites, but they neither understand what the user is looking for nor the

meaning of the search results.

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SEMANTIC WEB BASED E-

COMMERCE

Bringing product and service offerings into a machine-interpretable

form

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Example: Best Buy stores in the WWW

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Example: Best Buy offering in the WWW

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Example: Best Buy in the Semantic Web

Informationen:

Adress

Opening hours

Payment

methods

Offer range

Target group

Type of product

Manufacturer

Prices

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Example: Digital camera in the WWW

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Example: Digital camera in the Semantic Web

Information:

name

producer

resolution

Video

playback

touch screen

colour

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Applications can use the Semantic Web like a

integrated global data base

© Prof. Dr. Martin Hepp

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Graph representation of a Good Relations

Instance

© Prof. Dr. Martin Hepp

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WEB 3.0

=

SEMANTIC WEB + WEB 2.0

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SEMANTIC WEB - EXTERNAL

APPLICABILITY (WEB OF DATA)

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Applicability - External

Search Engine (Yahoo Search Monkey and Google Rich

Snippets)

Price comparison platforms

Browser Add-ons

Semantic-Web-Mashups

Semantic-Web-Search engines

Semantic Web Affiliate Marketing

Semantic Web Search Engine Marketing

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Search engines: Yahoo Search Monkey

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Search engines: Google Rich Snippets

Search result with Rich Snippets:

Search result without Rich Snippets:

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Semantic-Web-Mashup 1: Bikemap-Portal with

hotel- and restaurant recommendations

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Semantic-Web-Mashup 2: Allergy-Travel portal

Recommendation of holiday trips including pollen types and

intensity

Region

Klopeinersee

AccomodationType

Hotel

Guesthouse

Pollen

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Semantic-Web-Mashup 3: Hotel website with

relevant events from the surrounding area

http://www.landhaus-jost.at/

Events in the surrounding area

Description Date Place

Ballet Karl Alfred

Schreiner

Vienna Hofburg

Orchestra

Film Festival at

Rathausplatz

Event

Event

Events

22.4.09

17h

23.4.09

20h

24.04.0

9

21h

Stadttheater

Theaterplatz 4

Klagenfurt

Josefsplatz 6/15

1010 Vienna

Vienna City Hall

1010 Vienna

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Semantic Web Search Engine

©Smart Information Systems - Internal Prototyp

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REVENUE MODELS IN THE

SEMANTIC WEB

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Semantic Web Affiliate Marketing

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Semantic Web Advertising

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Semantic Web Search Engine Marketing

©Smart Information Systems - Internal Prototyp

Screen cleaner

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SEMANTIC WEB – INTERNAL

APPLICABILITY

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Applicability - Internal

Import of product data details into online-shops and portals

Mashups and Micro-Sites

Recommendation Engine

Analytics

On-Site-Search and After-Search-Navigation

Online Product Advisor

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SMART ASSISTANT

TECHNOLOGY

Online Product Advisors based on Semantic Web Technology

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Smart Assistant Technology

Enabling product and service advice in several categories:

– Consumer Electronics

– White Goods

– Clothes

offering:

– Interactive advice

for laymen and experts

– Ranking of product-

recommendations and

alternatives

– Integration with

search and navigation

For online-shops, manufacturers and price comparison plattforms

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SMART ASSISTANT DEMO:

INTEGRATED WITH NAVIGATION

AND SEARCH (EN.ESOLDA.COM )

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SMART FINDER + SEMANTIC

SEARCH AT HOH.DE

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SEMANTIC WEB – TECHNICAL

FOUNDATIONS

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The Semantic Web brings information into a

machine-interpretable form

„Everything“ is clearly identified by a URI

Information is expressed in triples: subject, predicate, object

RDF: simple language for expressing data models which refer to

resources

RDFS and OWL: formal language to describe properties and

classes of RDF-based resources

=> foo:digital-camera rdfs:subClassOf foo:camera

SPARQL: Query-language for the Semantic Web

The range of products and services is described by means of

domain-specific ontology's (standards):

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HOW DOES MY DATA GET INTO

THE SEMANTIC WEB?

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Means to get offers into the Semantic Web

Web-based Instantiation-Tools

Web-Shop Software (e.g. Intershop Enfinity, osCommerce,…)

CMS Export (Joomla/VirtueMart,…)

Database export

Google Shopping Converter

BMEcat2GoodRelations Converter

RDF2dataRSS Web Service & Python Bindings

Microsoft Word Plug-in

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Company portal: Semantic company directory of

the Austrian Chamber of Commerce

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Instantiation-tool: Good Relations Annotator

Link: http://www.ebusiness-unibw.org/tools/goodrelations-annotator/

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Export from existing portals: Simskultur.net

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Export from existing portals: Simskultur.net

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SEMANTIC WEB – PARADIGM-

SHIFT IN E-COMMERCE AND

ONLINE-MARKETING

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Web of Data – Paradigm shift in

E-Commerce and Online-Marketing

Massive reduction of search costs

“Content remains King but Context becomes the Sun King“

More efficient marketing for niche players

Reduction of entry barriers for special-interest Portals

Massive increase of Revenue Potentials in Affiliate-Marketing

Massive increase of efficiency and effectiveness in Online-

Marketing

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Benefit from First-Mover-Advantage!

Put your business onto the Semantic Web!

Relevant information:

Smart Information Systems: http://www.smart-infosys.com/

Good Relations: http://purl.org/goodrelations/

ebSemantics (tourism): http://www.ebsemantics.net/

University of Armed Forces Munich: (Chair of General

Management and E-Business): http://www.unibw.de/ebusiness/

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Contact:

Markus Linder

Smart Information Systems GmbH

1040 Vienna, Phorusgasse 8

AUSTRIA

Tel: +43 (0)1 890 53 18-0

[email protected]

http://www.smart-infosys.com

Follow me on Twitter: http://twitter.com/markuslinder/

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