Research on highly consumable platform for business analytics

Abstract

Business analytics is an important means of gaining new insights and understanding of business performance. Data mining technology provides information needed by business analytics based on data. But due to the barriers of skill, resource and cost, business analytics is hard to carry out and put into practice for small and even medium sized enterprises. This paper presents a novel concept named Highly Consumable Business Analytics (HCBA) aiming to improve consumability of business analytics. We discuss the ways to simplify the use of data mining algorithms, establish end-to-end integrated lifecycle management of model and ultimately wrap models into web service to provide model-wise services. We propose a general reference architecture of HCBA. And a prototype is designed and implemented based on this architecture.