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You have not been archiving emails for no reason! Using big data analytics to cluster B2B interest in products and services and link clusters to financial performance

Lookup NU author(s): Dr Eric See-To, Professor Savvas Papagiannidis

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This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License (CC BY-NC-ND).


Abstract

The potential of big data analytics when it comes to gaining business insights, such as market trends and consumer preferences, has captured the interest of both scholars and business practitioners. However, the extant literature has so far provided limited empirical evidence to demonstrate how big data analytics can create business value. To address this research gap, this paper followed a novel big data analytical approach that involved analysing email archives about product/services demand clusters in a B2B setting. We analysed 621k emails exchanged between 2009 and 2018. We identified a number of discussion clusters that were considered proxies for the interest buyers expressed in the products/services on offer. These clusters and associated discussion trends were linked to the company’s revenues and financial performance, showing good predictive power. In doing this, we have demonstrated how widely available data, such as emails, which all companies have, can be used to underpin new methods for the early identification and monitoring of product demand trends, informing marketing strategies.


Publication metadata

Author(s): Yang Y, See-To E, Papagiannidis S

Publication type: Article

Publication status: Published

Journal: Industrial Marketing Management

Year: 2020

Volume: 86

Pages: 16-29

Print publication date: 01/04/2020

Online publication date: 01/02/2019

Acceptance date: 25/01/2019

Date deposited: 25/01/2019

ISSN (print): 0019-8501

Publisher: Elsevier

URL: https://doi.org/10.1016/j.indmarman.2019.01.016

DOI: 10.1016/j.indmarman.2019.01.016


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