Information Retrieval in Business
Information Retrieval in Business
Information Retrieval in Business
LICENSE
CC BY 4.0
01-06-2021 / 09-06-2021
CITATION
DOI
10.36227/techrxiv.14709456.v1
Information Retrieval in Business
Revati Vilas Wable
Department of Information Technology, National Institute of Technology Raipur
G.E. Road, Raipur, Chhattisgarh-492010, India
[email protected]
Abstract— For several years people have realized the Figure 1 explains the working of information retrieval
importance of archiving and finding information. With process. We can classify information retrieval as free recall,
the need of computers, finding useful information from cued recall, and recognition. Therefore data technology is
such collections has become a necessity. Information useful in managing vital production knowledge and supports
retrieval has become an important research area in the the information it helps the assembly, management, and
field of computer science and gained importance in house owners of the corporation to rise, run their business [4]
several fields like business, healthcare, agriculture, and earn most profits. As per Olson (2003), the term
medicine, law and many other fields. This research ‘Information Retrieval’ was coined in 1952 and gained
paper focuses on the need, models and the processes popularity in the research community from 1961. Information
involved in information retrieval. A case study on Retrieval was seen as the organizing function to obtain major
INSYDER system has been proposed to gain holistic advances in libraries that were no longer storehouses of books
knowledge of information retrieval in the field of business.
[5] but a place where information was indexed and
catalogued. The concept of Information Retrieval helped
Keywords— Information Retrieval, IR models, some documents or records containing information that have
Processes, IR tools, INSYDER system. been organized in an order suited for easy retrieval and that is
why it was designed to retrieve the documents or information
I. INTRODUCTION required by the user community. It should be such that the
right information is available to the target users. Some of the
Information retrieval is finding material that could be in tools generally used for information retrieval [6] are
the form of a document consisting of unstructured nature bibliography, index and abstract; shelve lists and library card
that provides the required information [1]. It collects this catalogue. Evaluation in information retrieval is considered as
information from large collections stored on computers. It is the process of systematically determining a subject’s worth,
the process of obtaining information system resources that merit, and significance by using necessary criteria governed
are relevant to an information need from a collection of by a set of standards. The primary issues of the information
those resources. An information retrieval system [2] is a retrieval systems [7] are: Query Evaluation, Document and
software system that provides access to books, journals and Query Indexing, and System Evaluation.
other documents; stores and manages those documents. It is An example of information retrieval problem would be:
often said that information is not knowledge without consider a fat book owned by many people like Shakespeare's
information retrieval systems. The objective of an Collected Works. Now if you want to determine which plays
information retrieval [3] system is to minimize the time it contain the words ‘Brutus’ and ‘Caesar’ and not ‘Calpurnia’
takes for a user to locate the information they need or in one way would be to start at the beginning and read through
other words to provide the information needed to satisfy the all the text [8]. However, the simplest form of document
user's question. Satisfaction does not mean finding all the retrieval for a computer would be a sort of linear scan through
required information on a particular issue. Thus, an these documents. This process is generally referred as
Information Retrieval system collects and organizes the grepping through text. It can be a very effective process when
information in more than one subject area to equip users the speed of modern computers allows useful possibilities for
with all the relevant information as soon as requested. It wildcard pattern matching through the use.
helps in identifying the potential candidates for business on
the basis of the idea they want. Hence, an information In our modern technology driven society data, facts, and
retrieval system does not inform the user on the subject of knowledge have a higher priority than they were a few years
his inquiry but the existence or non-existence and ago. With greater use of the internet, information has become
whereabouts of documents related to his request more and more accessible. When we want to access
information, it has to retrieve from online sources like the
most famous Google search engine (that is why search
engines are common). The answer to all the queries is
“Information Retrieval” [9] that gathers the information more
precisely and recovers to ensure a discipline in computer and
information science. Above all the importance of search
engines and accuracy is due to the complex information
retrieval systems that the use. They recognize the intentions
or needs behind that specific search terms and thus provide
relevant data on search queries.
Fig. 1: Information Retrieval Process
4) To make adequate adjustments in the system based on
the feedback from the users and retrieve the information
that is relevant to the business. Additionally, it can be
made easier to provide and monitor all the internal
controls designed to cross check frauds, waste and abuse
and ensure the business is complying with information
privacy requirements along with the required electronic
system.
Figure 2 explains the various concepts involved in the 6) To analyze users’ queries and to represent them in a
model of a information retrieval system. Each concept has form that will be suitable for matching with the database.
been discussed in the latter sections of this paper. For simple A proper information retrieval system includes an
querying in modern computers collections of the size of effective indexing system (that not only decreases the
Shakespeare's Collected Works [10] is a bit under one chances of information will be misfiled but also
million words of text in total hence you don’t need anything enhances the retrieval process of information). The result
more. The primary aim of these systems is to arrange all is time-saving benefit which increases office efficiency
knowledge collected from each level, summarize it, and and productivity while decreasing other issues like stress
present it in a manner that facilitates and improves the and anxiety.
standard of the choices being created to extend the
company’s profit and productivity. Information system is 7) To match the search statement as per user’s requirement
incredibly essential for running and managing a business from the stored database. This information is retrieved via
these days. a variety of tools and techniques used to determine the
relevance of information and their ranking. It also follows
compliance regulations and tax record-keeping guidelines
II. SIGNIFICANCE significantly for businesses to increases their confidence
by checking that the business is fully complying.
Worldwide organizations rely majorly on modern
technology that includes information systems to develop Thus continuous changes in all aspects of the system [12]
new ways to generate revenue, engage customers and with rapid developments in information and communication
streamline time-consuming tasks. With an adequate technologies related to changing patterns of society, users and
information system [11], businesses can save time, money their required information. It uses complex algorithms hence
and take smarter decisions. This technology can be less human error. Furthermore, employees can focus on the
automated depending on the requirement. Here are some of core aspects of a business rather than spending hours collecting
the uses of information retrieval systems in business: data, filling out paperwork and doing manual analysis,
simplified by several data analytics tools.
1) To represent the contents of analyzed sources in a way
that matches users’ queries and analyze them. Further,
it can represent them in a form that will be appropriate III. MODELS
for matching the database. This can be achieved
through the design of sophisticated search interfaces.