Platform for In-Memory Analysis of Network Data Applied to Site Selection with Current Market Information, Demand Estimates, and Competitor Information

Abstract

A System and method for the application of in-memory analysis of network data applied to site selection with current market information, demand estimates, and competitor information comprising multiple data extractors, a descriptive module, a predictive module, a learning module, at least one application programming interface, and a visualization tool are disclosed. An example of network data is machine readable data that is acquired through an application programming interface. An example of in-memory analysis is the use of in-memory processing and storage objects. A descriptive module is configured to produce market features. An unsupervised learning module is configured to produce site selection market segments and a visualization tool is configured to evaluate one or more market scenarios and to display market features with maps and charts.

Claims

1. A system for site selection with demand estimates, competitor information, and current market information comprising: a controller application programming interface; external spatial market data extractors; internal product data extractors; one or more modules stored in memory and coupled to the controller, further comprising: a data harmonization module that combines market data with internal product data, a descriptive module, a predictive module, a feature selection module, and a spatial segmentation module; a scheduler that communicates with the controller application programming interface; a delivery application programming interface; and a visualization tool.

2. The system as recited in claim 1, wherein the controller application programming interface includes a connection to each module stored in memory.

3. The system as recited in claim 1, wherein the internal data extractors acquire product and distribution network data wherein product data includes price per unit, cost per unit, and the sales unit of measure from a company's system, and spatial market data extractors acquire data from multiples sources about topics including but not limited to retail sales, weather conditions, gas prices, housing prices, social media sentiment, shopping behavior, spending, business establishments in the same industry, employees per business establishment, and revenue per business establishment.

4. The system as recited in claim 1, wherein the data harmonization module combines a company's product data with geo-coded market data into an integrated geo-coded data model that includes both behavioral attributes and spending measures.

5. The system as recited in claim 1, wherein the descriptive module is configured to disaggregate data from the harmonization module and show market features at the country, state, and zip code level for company's product category.

6. The system as recited in claim 1, wherein the forecasting module is configured to forecast consumer spending wherein the forecast includes values in the local currency and the primary sales unit of measure for a product category.

7. The system as recited in claim 1, wherein a feature selection module is configured to identify the market features that are associated with demand for a company's product.

8. The system as recited in claim 1, wherein a spatial segmentation module is configured to build clusters wherein clusters comprise at least market features, demand forecasts, and competitor information.

9. The system as recited in claim 1, wherein a delivery application programming interface includes the output from the spatial segmentation module.

10. The system as recited in claim 1, wherein the visualization tool further comprises at least a selection menu of a company's retail/shipping locations that allows the user to generate site selection scenarios for multiple distribution locations/zip codes.

11. The system as recited in claim 10, wherein the visualization tool further comprises at least a table that shows top market features associated with demand for a product, a chart that shows spending by segment, a chart that shows the spending forecast, and a map of the spatial segments.

12. A non-transitory computer readable storage medium comprising a computer readable program, wherein the computer readable program when executed on a computer causes the computer to perform the steps of: extracting data from multiple data sources and passing the data to modules coupled to a controller, wherein modules further comprise: harmonizing geo-coded market data with geo-coded product data, describing market conditions, forecasting consumer spending as demand for a product category, selecting market features associated with demand for a product category, building spatial market segments, delivering the spatial market segments to a visualization tool through an application programming interface, and visualizing the site selection market segments.

13. The computer readable storage medium as recited in claim 12, wherein consumer spending forecasts are determined for a local area using one or more statistical forecasting methods.

14. The computer readable storage medium as recited in claim 12, wherein selecting market features associated with demand for a product category uses an unsupervised learning method.

15. The computer readable storage medium as recited in claim 12, wherein building site selection market segments uses unsupervised machine learning to build a topographical layer with demand forecasts and competitor information.

Description

BRIEF DESCRIPTION OF DRAWINGS

[0014] FIG. 1 is a block/flow diagram showing a method for site selection with demand estimates, competitor information, and current market information in accordance with the present principles;

[0015] FIG. 2 is a block/flow diagram showing a system for site selection with demand estimates, competitor information, and current market information in accordance with the present principles;

[0016] FIG. 3 is a block/flow diagram showing a method for site selection with demand estimates, competitor information, and current market information based on descriptive analysis, statistical forecasting, and an unsupervised learning framework in accordance with the present principles;

[0017] FIG. 4 is a block/flow diagram showing a high-level overview of the data flow for site selection with demand estimates, competitor information, and current market information in accordance with the present principles;

[0018] FIG. 5 is a block/flow diagram showing a high-level overview of the data hierarchy for site selection with demand estimates, competitor information, and current market information in accordance with the present principles;

[0019] FIG. 6A is a block/flow diagram of a visualization tool which shows a summary of the site selection results in accordance with the present principles; and

[0020] FIG. 6B is a block/flow diagram of a visualization tool which shows a dashboard with a table summary of the top real estate market features, a chart of real estate market features and values, and a map of the real estate segments in accordance with present principles.

DETAILED DESCRIPTION

[0021] A methodology for site selections with demand estimates, competitor information and current market conditions is provided according to the present principles. A visualization tool may also be provided for exploring the associations between supply and demand and multiple market attributes. A method for classifying market conditions to determine associations between supply and demand for a product and multiple market attributes within the context of a competitive location may include extracting data from multiple data sources, harmonizing data from multiple sources, describing market features, forecasting consumer spending for a given product category, selecting market features associated with demand for a product category, building spatial market segments, delivering the spatial market segments to a visualization tool through an application programming interface, and visualizing the spatial market segments for site selection.

[0022] An integrated spatial data model may be constructed at multiple levels of granularity for describing market conditions associated with supply and demand for a given product category. Features that may be employed for building the integrated spatial data model may include product price, product cost, product sales unit of measure, sales, inventory, shopping behavior (e.g. people who eat at Panera Bread), gas prices, wages, housing prices, weather conditions, social media sentiment, and relevant business information. Thorough classifications and associations may be constructed from the integrated spatial model by using unsupervised learning algorithms (e.g. self-organizing maps).

[0023] The visualization system for analyzing the classifications and associations between supply and demand and other market conditions may include one or more of a scenario-based representations for site selection, a drop down menu of available scenarios that can include multiple zip codes, one or more tables which may display the top segments of the model by amount of demand, one or more charts which may display associations between features within a segment of the model, one or more charts which may display demand history and forecast, and one or maps which may display the locations of the market segments with a pop-up window that includes information about the segment. Given the involvement of a forecast with descriptive market features, the present invention may not only reveal future downturns and accelerations in demand months ahead of the event, but also show information that may explain the downtown or acceleration.

[0024] Determining descriptive spatial market segmentations for site selection is beneficial for supply chain planning, inventory control, marketing, and sales. For example, a demand forecast may be employed to improve corporate forecasting processes restricted to internal sales data. Furthermore, if a company has a new product without sales history, supply chain planning and marketing can use the data for similar products in the market to evaluate potential sites based on growth opportunities.

[0025] External spatial data offers information that can improve the sales and operations planning process. Intuitively, if supply chain planning, sales, and marketing personnel have a better understanding of market conditions and their associations with the sales for a product, then they will produce better plans and forecasts. Better plans and forecasts enable optimal inventory levels and enhanced customer service. In other words, an integrated data model comprising external spatial data and internal product and distribution network data ensures better outcomes than a traditional sales and operations planning process that is restricted to anecdotal use of external data.

[0026] As will be appreciated by one skilled in the art, aspects of the present invention may be embodied as a system, method or computer program product. Accordingly, aspects of the present invention may take the form of an entirely hardware embodiment, an entirely software embodiment (including firmware, resident software, micro-code, etc.) or an embodiment combining software and hardware aspects that may all generally be referred to herein as a circuit, module or system. Furthermore, aspects of the present invention may take the form of a computer program product embodied in one or more computer readable medium(s) having computer readable program code embodied thereon.

[0027] Any combination of one or more computer readable medium(s) may be utilized. The computer readable medium may be a computer readable signal medium or a computer readable storage medium. A computer readable storage medium may be, for example, but not limited to, an electronic, magnetic, optical, electromagnetic, infrared, or semiconductor system, apparatus, or device, or any suitable combination of the foregoing. More specific examples (a non-exhaustive list) of the computer readable storage medium would include the following: an electrical connection having one or more wires, a portable computer diskette, a hard disk, a random access memory (RAM), a read-only memory (ROM), an erasable programmable read-only memory (EPROM or Flash memory), an optical fiber, a portable compact disc read-only memory (CD-ROM), an optical storage device, a magnetic storage device, or any suitable combination of the foregoing. In the context of this document, a computer readable storage medium may be any tangible medium that can contain or store a program for use by or in connection with an instruction execution system, apparatus, or device.

[0028] A computer readable signal medium may include a propagated data signal with computer readable program code embodied therein, for example, in baseband or as part of a carrier wave. Such a propagated signal may take any of a variety of forms, including, but not limited to, electro-magnetic, optical, or any suitable combination thereof. A computer readable signal medium may be any computer readable medium that is not a computer readable storage medium and that can communicate, propagate, or transport a program for use by or in connection with an instruction execution system, apparatus, or device.

[0029] Program code embodied on a computer readable medium may be transmitted using any appropriate medium, including but not limited to wireless, wireline, optical fiber cable, RF, etc., or any suitable combination of the foregoing. Computer program code for carrying out operations for aspects of the present invention may be written in any combination of one or more programming languages, including an object-oriented programming language such as Java, Smalltalk, C++ or the like and conventional procedural programming languages, such as the C programming language or similar programming languages. The program code may execute entirely on the user's computer, partly on the user's computer, as a stand-alone software package, partly on the user's computer and partly on a remote computer or entirely on the remote computer or server. In the latter scenario, the remote computer may be connected to the user's computer through any type of network, including a local area network (LAN) or a wide area network (WAN), or the connection may be made to an external computer (for example, through the Internet using an Internet Service Provider).

[0030] Aspects of the present invention are described below with reference to flowchart illustrations and/or block diagrams of methods, apparatus (systems) and computer program products according to embodiments of the invention. It will be understood that each block of the flowchart illustrations and/or block diagrams, and combinations of blocks in the flowchart illustrations and/or block diagrams, can be implemented by computer program instructions. These computer program instructions may be provided to a processor of a general-purpose computer, special purpose computer, or other programmable data processing apparatus to produce a machine, such that the instructions, which execute via the processor of the computer or other programmable data processing apparatus, create means for implementing the functions/acts specified in the flowchart and/or block diagram block or blocks.

[0031] These computer program instructions may also be stored in a computer readable medium that can direct a computer, other programmable data processing apparatus, or other devices to function in a particular manner, such that the instructions stored in the computer readable medium produce an article of manufacture including instructions which implement the function/act specified in the flowchart and/or block diagram block or blocks. The computer program instructions may also be loaded onto a computer, other programmable data processing apparatus, or other devices to cause a series of operational steps to be performed on the computer, other programmable apparatus or other devices to produce a computer implemented process such that the instructions which execute on the computer or other programmable apparatus provide processes for implementing the functions/acts specified in the flowchart and/or block diagram block or blocks.

[0032] The flowchart and block diagrams in the Figures illustrate the architecture, functionality, and operation of possible implementations of systems, methods and computer program products according to various embodiments of the present invention. In this regard, each block in the flowchart or block diagrams may represent a module, segment, or portion of code, which comprises one or more executable instructions for implementing the specified logical function(s). It should also be noted that, in some alternative implementations, the functions noted in the blocks may occur out of the order noted in the figures. For example, two blocks shown in succession may, in fact, be executed substantially concurrently, or the blocks may sometimes be executed in the reverse order, depending upon the functionality involved. It will also be noted that each block of the block diagrams and/or flowchart illustration, and combinations of blocks in the block diagrams and/or flowchart illustration, can be implemented by special purpose hardware-based systems that perform the specified functions or acts, or combinations of special purpose hardware and computer instructions.

[0033] Reference in the specification to one embodiment or an embodiment of the present principles, as well as other variations thereof, means that a feature, structure, characteristic, and so forth described in connection with the embodiment is included in at least one embodiment of the present principles. Thus, the appearances of the phrase in one embodiment or in an embodiment, as well any other variations, appearing in various places throughout the specification are not necessarily all referring to the same embodiment.

[0034] It is to be appreciated that the use of any of the following /, and/or, and at least one of, for example, in the cases of A/B, A and/or B and at least one of A and B, is intended to encompass the selection of the first listed option (A) only, or the selection of the second listed option (B) only, or the selection of both options (A and B). As a further example, in the cases of A, B, and/or C and at least one of A, B, and C, such phrasing is intended to encompass the selection of the first listed option (A) only, or the selection of the second listed option (B) only, or the selection of the third listed option (C) only, or the selection of the first and the second listed options (A and B) only, or the selection of the first and third listed options (A and C) only, or the selection of the second and third listed options (B and C) only, or the selection of all three options (A and B and C). This may be extended, as readily apparent by one of ordinary skill in this and related arts, for as many items listed.

[0035] Referring now to the drawings in which like numerals represent the same or similar elements and initially to FIG. 1, a block/flow diagram illustratively showing a method for site selection with demand estimates, competitor information, and current information 100 in accordance with the present principles is shown. In one embodiment, a market data extractor 102 and a customer product and distribution network data extractor 104 may be constructed for acquiring spatial data. The harmonization module 106 combines the data from the market 102 with data from a customer's internal system 104. In contrast with traditional site selection methods, the harmonization module integrates internal data with external data. A descriptive model emerges from block 108 by applying statistical methods to the harmonized spatial model 106. Following the descriptive module, a demand forecast may be obtained in block 110.

[0036] In one embodiment, an unsupervised learning method may be constructed in block 112 to select the features that are associated with demand/spending for a given product category, and this process may be repeated for all available product categories and distribution network locations/zip codes. The data that is input when building the spatial demand market models 114 may include a subset of features from the feature selection block 112 and may use an unsupervised learning method to build a topographical layer of the real estate market segments with demand forecasts.

[0037] In one embodiment, a visualization tool 116 may enable the analysis of multiple scenarios wherein a single scenario comprises at least one product category and one distribution location/zip code. The results may be displayed in block 116 on a display device that includes the capacity to display spatial information on a map.

[0038] Referring to FIG. 2, a computer system for site selection with demand estimates, competitor information, and current market information 200 is illustratively shown according to one embodiment of the present principles. In one embodiment, the input 202 to the system may be market data 204, wherein market data may include retail sales, gas prices, wages, social media sentiment, weather conditions, shopping behavior, and consumer spending, and the customer's product and distribution network data 206, wherein the customer's product and distribution network data may include sales, inventory, price, cost, and the sales unit of measure.

[0039] In one embodiment, a computer system 208 may include in-memory processing 210 which may have one or more modules for the purpose of building market segments, demand forecasts, and current market information including real estate property data. The system may include data extractors 212 having one or methods of extracting data from multiple sources. A harmonization module 214 may be employed to combine spatial data from multiple sources to create an integrated data structure. A descriptive module 216 may be employed to describe market features for the given product category. A predictive module 218 may be employed to forecast demand/consumer spending for the given product category. A feature selection module 220 may deployed to select a subset of features that have strong associations with demand/consumer spending. A spatial segmentation module 222 may be deployed to build a topographical representation of market segments. In one embodiment, a controlling application programming interface 224 may activate all in-memory activities in response to a request from a scheduling module 226.

[0040] In one embodiment, the output 228 includes both an application programming interface 230 and a visualization tool 234. The spatial real estate market segments from block 222 may be delivered by the application programming interface 230 into a visualization tool 234. Each input 202 component and output 228 component may be coupled with the system 208 to comprise an automated information pipeline.

[0041] In one embodiment, the input data 202 may be extracted from multiple sources according to a variety of time intervals/schedules. Furthermore, input data 202 may be extracted in either a continuous data stream or a discrete batch data set. If the input data 202 updates frequently and the system 208 and the output 228 are coupled together, then the embodiment may enable a real time automated information pipeline.

[0042] Referring now to FIG. 3, a method for site selection with demand estimates, competitor information, and current market information based on descriptive analysis, statistical forecasting, and unsupervised learning framework 300 in accordance with the present principles is illustratively depicted. In one embodiment, the descriptive method is depicted in block 301, the forecasting method is depicted in block 303, the feature selection method is depicted in block 305, and the spatial segmentation method is depicted in block 307.

[0043] In one embodiment, harmonized data 302 is input to a descriptive statistical module 304. A statistical forecasting module 306 may be deployed to construct a demand forecast with input from the descriptive module 304. A harmonized vector set 308 includes data that may deployed as input to an unsupervised learning method 310 to extract market features that have strong associations with demand for a give product. The harmonized feature set 312 is a subset of the harmonized vector set 308 and may be deployed as input to a second unsupervised learning method 314 to produce spatial market segments with commercial real estate property information 316.

[0044] Referring to FIG. 4, a block/flow diagram illustratively depicting a high-level overview of the data flow 400 which may be deployed for site selection with demand estimates, competitor information, and current market information accordance with the present principles. In one embodiment, spatial market data structures 402 may be integrated with spatial product data structures 404 in harmonization block 406 to obtain an integrated data structure for a given scenario. With an integrated data structure 406, a descriptive data structure 408 and a forecast data structure 410 may deployed for producing feature data structures 412. Spatial data structures 414 create topographical layers over the feature data structures 412.

[0045] Referring to FIG. 5, a block/flow diagram illustratively depicting a high-level overview of the data hierarchy 500 which may be deployed for site selection with demand estimates, competitor information, and current market information accordance with the present principles. In one embodiment, a scenario entity 502 includes one or more market level entities 504 wherein an example of a market level entity is harmonized market data for a distribution location/zip code. One or more market level entities 504 may include one or more segments 506 wherein an example of a segment is a set of spatial demand market features comprising environmental features, economic features, demand features, a forecast, and competitor features. For a scenario 502 and market level 504, a segment 506 may include one or more product/service categories 508, wherein an example of a product/service category is the category video game systems, and one or more attribute categories 510, wherein an example of an attribute category is the category weather. A product/service category 508 may include one or more products 512 and an attribute category 510 may include one or more attributes 514.

[0046] Referring to FIG. 6A, a visualization tool which may analyze and/or output site selections with demand forecasts, competitor information, and current market information 600 is illustratively shown in accordance with the present principles. In one embodiment, the visualization system 601 (e.g., on-line tool) may analyze the associations between demand/consumer spending and attribute categories within a segment. The visualization system 601 may include a button 602 to generate new scenarios, a drop-down list 604 of available scenarios, a table 606 that shows the descriptions of each available scenario, and a table 608 that reveals a high-level summary of each site selection segment for a given scenario.

[0047] Referring now to FIG. 6B, a visualization tool which may analyze and/or output site selection segments with demand forecasts, and competitor information 620 is illustratively shown in accordance with the present principles. In one embodiment the visualization system 620 (e.g. on-line tool) may analyze associations between demand/consumer spending and attribute categories within a segment. The visualization system 621 may include a filter for market level 622, a filter for segments 624, a filter for attribute categories 626, a filter for product categories 628, a filter for attributes 630, and a filter for products 632. A table of the top segments 634 may appear alongside a chart of features with a three-month moving average demand forecast 636, a map of spatial segments 638, a chart of the top features 640 with market values, and a time series chart 642 of the demand forecast.

[0048] Having described preferred embodiments of a method and system for classifying market conditions to determine the associations between demand for a product and multiple consumer attributes within the context of a competitive location, it is noted that modifications and variations can be made by persons skilled in the art considering the above teachings. It is therefore to be understood that changes may be made in the particular embodiments disclosed which are within the scope of the invention as outlined by the appended claims. Having thus described aspects of the invention, with the details and particularity required by the patent laws, what is claimed and desired protected by Letters Patent is set forth in the appended claims.