Principles Of Marketing
17th Edition
ISBN: 9780134492513
Author: Kotler, Philip, Armstrong, Gary (gary M.)
Publisher: Pearson Higher Education,
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Keep the following in mind: Do you believe that, say, Big Data or Predictive Analytics, would have been effective in marketing a decade or two ago? What causes this, exactly?
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- 3. What are some ways that Business Analytics impacts Business Performance?arrow_forwardWhy is marketing research important to the development of a marketing strategy? Provide a specific example.arrow_forwardWhat are the differences between descriptive, predictive, and prescriptive analytics? Explain in detail with examples how each of these can be useful in the current business world.arrow_forward
- What precisely is a business impact analysis (often abbreviated as BIA)?What are some of the roles that have been recognised by BIA for your company or home network?arrow_forwardThink about these things: Consider the marketing industry back a decade or two; do you believe Big Data and Predictive Analytics would have been helpful? How did we ever get here?arrow_forwardWhat is the role of data analytics in business? Who is responsible for performing data analytics? How is data analytics performed?arrow_forward
- What is the primary distinction between business intelligence and analytics?arrow_forwardThere is a lot of misunderstanding of microtargeting in the media. I think the biggest misconception is that there is some "silver bullet" magic indicator out there that will find the perfect targets by itself. This misses the point that the power of predictive analytics comes from combining multiple indicators, but I've run into it time and again. Please post a link to your favorite news story that misses the point about microtargeting. Feel free to add a note about what they seem to be getting wrong, or you can just let the link speak for itself.arrow_forwardIn your view, which of these two terms—business intelligence or analytics—best describes the primary distinction between the two?arrow_forward
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