An IT Architecture Enabling Flexible Adjustment of Exploration/exploitation Trade-Off

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Provided by: Dresden University of Technology
Topic: SMBs
Format: PDF
The trade-off between exploration of new ideas and exploitation of certainties create a need for managing a balance between those two concepts within organizations. To align with an associated strategy, the authors suggest an IT architecture with an embedded mechanism to manage this balance when trying new approaches. A prototype and evaluation with encouraging results show the viability of the proposed architecture design for a product recommender scenario. In this paper, they proposed an architecture providing the capability to dynamically balance between exploring new approaches and exploiting the opportunities discovered by this exploration.
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