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ESSAYS ON TEXT MINING FOR IMPROVED DECISION MAKING ...

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As a result, this idea mining approach extracts automatically new and useful ideas from a<br />

user given text. The problem solution ideas are presented in a comprehensible way to the<br />

users [16, 21, 34]. This approach is evaluated with patent data and it is realized as webbased<br />

application, named "Technological Idea Miner" that can be used for further testing and<br />

evaluation.<br />

5.6. Study 5: Mining Innovative Ideas to Support new Product<br />

Research and Development<br />

For new product development, a new idea with innovative potential as starting point is<br />

needed [41]. Unfortunately, a high percentage of innovations fail, which means many<br />

selected ideas do not have the potential to become an innovation in future [6]. Additionally,<br />

the process from a new idea as starting point via research, development, and production<br />

activities through to an innovative product is very cost- and time-consuming [12]. Thus, the<br />

main objective of study 5 is to identify the innovative potential of new technological ideas to<br />

improve the performance of the innovation process.<br />

The study 5 uses new technological ideas as inputs that are extracted from provided textual<br />

information by the application from study 4. It identifies innovative technology fields based on<br />

an approach from [46] by analyzing relationships among technologies [17]. All identified<br />

ideas are assigned to innovative technology fields by using text mining and text classification<br />

methods (tokenization [14], term filtering methods [27, 36], Jaccard's coefficient [15]).<br />

For this, the application from study 4 is extended with these innovation-related aspects. With<br />

this new application, technological ideas in innovative fields are presented to the user as<br />

innovative ideas and might be used as starting point for new product research and<br />

development divisions.<br />

5.7. Study 6: Extracting Consumers Needs for New Products - A<br />

Web Mining Approach<br />

The purpose of study 6 is to introduce a web mining approach for automatically identifying<br />

new product ideas extracted from web logs. A web log - also known as blog - is a web site<br />

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