Quantifying Intrinsic Value of Information of Trajectories

Nguyen, Kien; Krumm, John; Shahabi, Cyrus

doi:10.1145/3474717.3483912

Cited by 3 publications

(2 citation statements)

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“…Intrinsic Value of Information 1 (IVI), for example -IVI of trajectories 2 is widely used characteristic to estimate results of information use. Value of Information (VOI) defined 2 for location-based trajectory. It is stated that 2 : "quantifying trajectory with VOI helps measure how valuable, revealing, informative it is, how it distinct, and surprising".…”

Section: Introductionmentioning

confidence: 99%

“…Value of Information (VOI) defined 2 for location-based trajectory. It is stated that 2 : "quantifying trajectory with VOI helps measure how valuable, revealing, informative it is, how it distinct, and surprising". More specifically, the VOI defined as "the value which corresponds to how much the trajectory data helps reduce the uncertainty of estimating its owner's locations in continuous time".…”

Section: Introductionmentioning

confidence: 99%

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The method of information use schematization

Geyda

2023

International Conference on Digital Transformation: Informatics, Economics, and Education (DTIEE2023)

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The article provides a summary of existing concepts and methods for estimating the quality of information use in solving various problems. It is noted that there is a lack of mathematical models and frameworks to explain the measures of information quantity, quality, and information use in relation to human activity outcomes. The aim of the presented research is to suggest concepts and diagrammatic models for developing mathematical models of information use for technological and organizational systems, based on probabilistic activity models. The method of modeling suggested uses the concept of complex state and modeling of their transitions, including details about the possible elementary states and substates of the system, as well as the cause-and-effect relationships between those states and any measures that apply to them. The proposed diagrammatic models aim to close the gap between existing concepts and formalized actionable mathematical models and methods that can be used for discrete and organizational systems in the real world. The concepts of actionable knowledge and information value are highlighted as important concepts in today's knowledge-based economy, where organizations and individuals seek to gain a competitive advantage through the effective use of information and knowledge.

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Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%