Page 156 - Microsoft Word - 00 BA3 IW Prelims STUDENT.docx
P. 156

Chapter 10





                           Big data





               2.1 Big data

                    Big data allows businesses to expand their knowledge of their customers and
                     develop products/ services that are best suited to their needs.

                    Big data gives businesses a deeper understanding of how their customers
                     behave, allowing them to connect with customers on a more meaningful level.

                    Big data can help boost marketing activities, since it provides businesses with a
                     chance to analyse customer behaviour on multiple channels and understand
                     when the customer is most likely to buy products/ services.






















































               150
   151   152   153   154   155   156   157   158   159   160   161