What kinds of competitive advantages could big dataand analytics give a firm?
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What kinds of competitive advantages could big data
and analytics give a firm?
Step by step
Solved in 2 steps
- Discuss the challenges associated with managing big data, including volume, velocity, variety, and veracity. How can organizations address these challenges effectively?How surprising is it that a little firm like Sunny Delight has so many analytics tools? How has Sunny Delight's ownership history affected the amount and kind of business intelligence (BI) products used?Is using big data essential to a business success? Why or why not. According to the case above why did your competitor do better than you? Can a small business use big data or will be costly? Explain Knowing that your competitor is doing better than you, what can you do to reverse this Knowing that your competitor is doing better than you, what can you do to reverse this fact and become better than them by using big data?
- Using what you learned about TripAdvisor TripAdvisor Business Model Canvas (innovationtactics.com) TripAdvisor Business Model Canvas (innovationtactics.com) Share with us what you feel is one of the most interesting, compelling pieces of this business? Identify which of the 9 key components this information falls within (for example it could be: how TripAdvisor actually makes money being a "reviews" page or these are Tripadvisor's key competitors and this is one that actually surprised me...). Have you ever used TripAdvisor or posted on TripAdvisor? What was your experience? Pick an international dream vacation spot. Lookup a hotel that has a 4.8 out of 5.0 rating or higher in that destination. Examine a few reviews. Share with us your destination spot and a link to the hotel. Would the reviews of this property make you decide to book there? Why could user-generated content/feedback be seen as a revenue stream?How can the Porter Competitive Forces Model assist firms in developing competitive information systems strategies?how Business Intelligence (BI) knowledge can help you in your professional career?
- If the Porter Competitive Forces Model is used to assist firms develop competitive information systems strategies, what is its role?What are the different types of analytics? How can they be applied to improve business performance? Provide examples.How are businesses now using Big Data, and what is driving this trend?
- Explain business intelligence and its benefits.Do you find it incredible that such a small firm like Sunny Delight has developed so many different types of analytics programs? What effects may the several ownership transitions at Sunny Delight have had on the company's use of business intelligence (BI) tools?What is the scope of business intelligence and why are BI technologies necessary?