Machine Learning for the Next Generation: A Guide to Matchmaking at Startups

Authors

  • Rifqi Fahrudin Catur Insan Cendekia University
  • Muhammad Hatta Catur Insan Cendekia University https://orcid.org/0000-0002-1892-9008
  • Yulianti Yulianti ISB Atma Luhur
  • Erwin Erwin ISB Atma Luhur
  • Aurelie Zelene Pandawan Incorporation

DOI:

https://doi.org/10.34306/itsdi.v6i1.678

Keywords:

Matchmaking, Startups Expectancy, UTAUT2, Digital Transformation

Abstract

In todays rapidly evolving digital landscape, the success of startups depends heavily on their ability to innovate and form effective partnerships. The process of connecting startups with compatible business partners is crucial, and Machine Learning (ML) has emerged as a promising solution for enhancing this matchmaking. This study utilizes the Unified Theory of Acceptance and Use of Technology 2 (UTAUT2) to examine attitudes and intentions toward adopting ML for startup matchmaking. Key factors assessed include Performance Expectancy (PE), Ease of Use (EU), Social Influence (SI), and Facilitating Conditions (FC) that affect ML adoption. Using Structural Equation Modeling (SEM), this research analyzes a diverse sample of startups, focusing on variables like Machine Learning Adoption, Data-Driven Matchmaking Strategies, Alignment with Startup Goals, Continuous Learning Integration, and Adaptable Partnerships to evaluate their impact on Matchmaking Efficiency. This study aims to shed light on ML role in enhancing the startup matching process and its overall impact on partnership effectiveness.

Downloads

Download data is not yet available.

References

S. Ammad, W. S. Alaloul, S. Saad, and A. H. Qureshi, “Personal protective equipment (ppe) usage in construction projects: A systematic review and smart pls approach,” Ain Shams Engineering Journal, vol. 12, no. 4, pp. 3495–3507, 2021.

H. Mohd Thas Thaker, A. Khaliq, A. Ah Mand, H. Iqbal Hussain, M. A. B. Mohd Thas Thaker, and A. B. Allah Pitchay, “Exploring the drivers of social media marketing in malaysian islamic banks: An analysis via smart pls approach,” Journal of Islamic Marketing, vol. 12, no. 1, pp. 145–165, 2021.

N. D. Noviati, S. D. Maulina, and S. Smith, “Smart grids: Integrating ai for efficient renewable energy utilization,” International Transactions on Artificial Intelligence, vol. 3, no. 1, pp. 1–10, 2024.

M. A. Memon, T. Ramayah, J.-H. Cheah, H. Ting, F. Chuah, and T. H. Cham, “Pls-sem statistical programs: a review,” Journal of Applied Structural Equation Modeling, vol. 5, no. 1, pp. 1–14, 2021.

T. Rochefort and Z. Ndlovu, “Digital marketing strategies in building brand awareness and loyalty in the online era,” Startupreneur Business Digital (SABDA Journal), vol. 3, no. 2, pp. 107–114, 2024.

D. Hussain, H. Abbas, and D. Wang, “Contributing agents for forest management of rural areas: An analysis through smart pls methods,” Journal of Business Strategies, vol. 15, no. 1, pp. 109–134, 2021.

S. Iqbal, J. Moleiro Martins, M. Nuno Mata, S. Naz, S. Akhtar, and A. Abreu, “Linking entrepreneurial orientation with innovation performance in smes; the role of organizational commitment and transformational leadership using smart pls-sem,” Sustainability, vol. 13, no. 8, p. 4361, 2021.

O. J. Aburumman, K. Omar, M. Al Shbail, and M. Aldoghan, “How to deal with the results of pls-sem?” in International Conference on Business and Technology. Springer, 2022, pp. 1196–1206.

J. Ogwiji, I. O. Lasisi et al., “Internal control system and fraud prevention of quoted financial services firms in nigeria: A smart pls-sem approach,” European Journal of Accounting, Auditing and Finance Research, vol. 10, no. 4, pp. 1–13, 2022.

A. A. A. Talib, N. R. M. Ariff, M. S. Hasim, and M. H. Hanafiah, “Sustainable facilities management (sfm) initiatives in malaysia hotel industry: reliability and validity analysis using smart-pls,” in IOP Conference Series: Earth and Environmental Science, vol. 1067, no. 1. IOP Publishing, 2022, p. 012079.

A. Purwanto, “Education research quantitative analysis for little respondents: comparing of lisrel, tetrad, gsca, amos, smartpls, warppls, and spss,” Jurnal Studi Guru Dan Pembelajaran, vol. 4, no. 2, 2021.

M. Budiarto, S. Audiah, E. D. Astuti, Y. P. A. Sanjaya, and M. Z. Firli, “Enhancing school and college attendance using advanced technology,” in 2024 3rd International Conference on Creative Communication and Innovative Technology (ICCIT). IEEE, 2024, pp. 1–6.

A. Purwanto, M. Asbari, and T. I. Santoso, “Analisis data penelitian marketing: perbandingan hasil antara amos, smartpls, warppls, dan spss untuk jumlah sampel besar,” Journal of Industrial Engineering & Management Research, vol. 2, no. 4, pp. 216–227, 2021.

S. Wang, G. Shi, M. Lu, R. Lin, and J. Yang, “Determinants of active online learning in the smart learning environment: An empirical study with pls-sem,” Sustainability, vol. 13, no. 17, p. 9923, 2021.

A. Kamis, R. A. Saibon, F. Yunus, M. B. Rahim, L. M. Herrera, and P. Montenegro, “The smartpls analyzes approach in validity and reliability of graduate marketability instrument,” Social Psychology of Education, vol. 57, no. 8, pp. 987–1001, 2020.

J. F. Hair Jr, M. Sarstedt, L. Hopkins, and V. G. Kuppelwieser, “Partial least squares structural equation modeling (pls-sem): An emerging tool in business research,” European business review, vol. 26, no. 2, pp. 106–121, 2014.

D. Martinez, L. Magdalena, and A. N. Savitri, “Ai and blockchain integration: Enhancing security and transparency in financial transactions,” International Transactions on Artificial Intelligence, vol. 3, no. 1, pp. 11–20, 2024.

N. A. Yaacob, Z. Ab Latif, A. A. Mutalib, and Z. Ismail, “Farmers’ intention in applying food waste as fertilizer: Reliability and validity using smart-pls,” Asian Journal of Vocational Education and Humanities, vol. 2, no. 2, pp. 27–34, 2021.

J.-H. Cheah, R. Thurasamy, M. A. Memon, F. Chuah, and H. Ting, “Multigroup analysis using smartpls: Step-by-step guidelines for business research,” Asian Journal of Business Research, 2020.

C. Zhang and Y. Lu, “Study on artificial intelligence: The state of the art and future prospects,” Journal of Industrial Information Integration, vol. 23, p. 100224, 2021.

G. Briganti and O. Le Moine, “Artificial intelligence in medicine: today and tomorrow,” Frontiers in medicine, vol. 7, p. 509744, 2020.

F. Nakhle and A. L. Harfouche, “Ready, steady, go ai: A practical tutorial on fundamentals of artificial intelligence and its applications in phenomics image analysis,” Patterns, vol. 2, no. 9, 2021.

N. P. Astuti and R. Bakri, “Pelatihan pengolahan data menggunakan aplikasi smart-pls 3 secara online di masa pandemik covid 19,” CARADDE: Jurnal Pengabdian Kepada Masyarakat, vol. 4, no. 1, pp. 613–619, 2021.

I. M. A. A. Pering, “Kajian analisis jalur dengan structural equation modeling (sem) smart-pls 3.0,” Jurnal Ilmiah Satyagraha, vol. 3, no. 2, pp. 28–48, 2020.

A. M. Musyaffi, H. Khairunnisa, and D. K. Respati, Konsep dasar structural equation model-partial least square (sem-pls) menggunakan smartpls. Pascal Books, 2022.

A. Alwiyah and N. Lyraa, “The role of innovation in the success of modern startupreneurs,” Startupreneur Business Digital (SABDA Journal), vol. 3, no. 2, pp. 98–106, 2024.

A. E. E. Sobaih and I. A. Elshaer, “Personal traits and digital entrepreneurship: a mediation model using smartpls data analysis,” Mathematics, vol. 10, no. 21, p. 3926, 2022.

L. K. Harahap and M. Pd, “Analisis sem (structural equation modelling) dengan smartpls (partial least square),” Fakultas Sains Dan Teknologi Uin Walisongo Semarang, vol. 1, no. 1, pp. 1–11, 2020.

R. R. Marliana, “Pelatihan pls-sem menggunakan smartpls 3.0 dosen mata kuliah statistika fisip uin sunan gunung djati bandung,” Jurnal Abdimas Sang Buana, vol. 2, no. 2, pp. 43–50, 2021.

Y. Xu, X. Liu, X. Cao, C. Huang, E. Liu, S. Qian, X. Liu, Y. Wu, F. Dong, C.-W. Qiu et al., “Artificial intelligence: A powerful paradigm for scientific research,” The Innovation, vol. 2, no. 4, 2021.

N. Saputra, F. Mastarida, E. D. Ratnasari, and E. Smith, “Impact of ict and servant leadership on holistic work engagement in the hotel industry,” in Proceedings of the 2024 3rd International Conference on Creative Communication and Innovative Technology (ICCIT). IEEE, 2024, pp. 1–6.

Downloads

Published

2023-10-24

How to Cite

Fahrudin, R., Hatta, M., Yulianti, Y., Erwin, E., & Zelene, A. (2023). Machine Learning for the Next Generation: A Guide to Matchmaking at Startups. IAIC Transactions on Sustainable Digital Innovation (ITSDI), 6(1), 65–74. https://doi.org/10.34306/itsdi.v6i1.678

Issue

Section

Articles