Post by mnnuman27 on Dec 5, 2023 4:21:55 GMT
Big Data analytics can help match customer and business expectations. This includes changing the product line of the business to better meet customer needs. and ensure that marketing and advertising campaigns are more effective In fact, many businesses have lost a lot of money. In running an advertising campaign where the results are not as desired That may be because they skipped the step in analyzing the data before making the advertisement. In marketing and advertising we can perform more complex analysis. Such as observing movements in the online world, checking at the point of sale, including analyzing rapidly changing customer behavior. These are the ways marketers and advertisers work to provide more insight into what customers want.
It brings about achieving the goal of marketing campaigns that meet customer needs. Targeted and Phone Number List personalized campaigns mean Businesses can save money and be confident in the effectiveness of their campaigns. This is because they have identified high-potential target groups combined with the right products. Therefore, businesses can access information appropriately and efficiently to avoid the problem of spending a lot of advertising money but not getting good results. Example: Brands using data for targeting in advertising Netflix is a good example of a big brand using Big Data to analyze its audience and deliver ads. With more than 100 million subscribers, the company has amassed a wealth of data that is key to Netflix's success. If you're a Netflix subscriber, we're familiar with how Netflix sends you recommendations for the next movie you should watch. This step uses information from your past searches to create precise recommendations.
This can tell you the % of movies that match your preferences. And this information allows Netflix to use the insights in a useful way and present them to the needs of customers. #3 Data analysis for risk management Risk management plans are an important investment for many businesses because many things are constantly moving or changing. The ability to see potential risks and be able to reduce them before they occur. It is very important for doing business. We will use data analysis to plan. Assess potential risks It can measure and simulate the risks that must be faced. In other words, reducing risk makes the business more profitable. Big Data analysis plays an important role in developing risk management options. Considering the increasing availability of data and the diversity of statistics, big data analytics has enormous potential. Therefore, businesses can achieve their goals and make better strategic decisions.
It brings about achieving the goal of marketing campaigns that meet customer needs. Targeted and Phone Number List personalized campaigns mean Businesses can save money and be confident in the effectiveness of their campaigns. This is because they have identified high-potential target groups combined with the right products. Therefore, businesses can access information appropriately and efficiently to avoid the problem of spending a lot of advertising money but not getting good results. Example: Brands using data for targeting in advertising Netflix is a good example of a big brand using Big Data to analyze its audience and deliver ads. With more than 100 million subscribers, the company has amassed a wealth of data that is key to Netflix's success. If you're a Netflix subscriber, we're familiar with how Netflix sends you recommendations for the next movie you should watch. This step uses information from your past searches to create precise recommendations.
This can tell you the % of movies that match your preferences. And this information allows Netflix to use the insights in a useful way and present them to the needs of customers. #3 Data analysis for risk management Risk management plans are an important investment for many businesses because many things are constantly moving or changing. The ability to see potential risks and be able to reduce them before they occur. It is very important for doing business. We will use data analysis to plan. Assess potential risks It can measure and simulate the risks that must be faced. In other words, reducing risk makes the business more profitable. Big Data analysis plays an important role in developing risk management options. Considering the increasing availability of data and the diversity of statistics, big data analytics has enormous potential. Therefore, businesses can achieve their goals and make better strategic decisions.