The big data and the opportunities and challenges it provides to the marketers. Introduction: The information in large numbers and huge quantities that have been generated in the market by the collection, analysis, and storage mechanism is termed as big data.

Question

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Answer 1

Question

Chapter 4, Problem 4.1DQ

Summary Introduction

To discuss: The big data and the opportunities and challenges it provides to the marketers.

Introduction:

The information in large numbers and huge quantities that have been generated in the market by the collection, analysis, and storage mechanism is termed as big data.

Expert Solution & Answer

Explanation of Solution

The information in recent trends is overflowing, as the consumers get more data through online, mobile, and internet. The big data are the complex information that is used by the companies for various purposes.

Opportunities and challenges of the big data:

There are various opportunities a company can gain from the source of big data. This will help the companies to gain more and achieve consumer insights.

The big data provide various challenges such as too much of information will distract the decision making of the company. Companies need better information than more information.

Example:

If a company wants to know the preference and reviews of its product, it can use the social media to collect the information. However, the social media will have more comments and reviews, where the company cannot read and come to a conclusion.

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Answer 2

Question

Chapter 4, Problem 4.1DQ

Summary Introduction

To discuss: The big data and the opportunities and challenges it provides to the marketers.

Introduction:

The information in large numbers and huge quantities that have been generated in the market by the collection, analysis, and storage mechanism is termed as big data.

Expert Solution & Answer

Explanation of Solution

The information in recent trends is overflowing, as the consumers get more data through online, mobile, and internet. The big data are the complex information that is used by the companies for various purposes.

Opportunities and challenges of the big data:

There are various opportunities a company can gain from the source of big data. This will help the companies to gain more and achieve consumer insights.

The big data provide various challenges such as too much of information will distract the decision making of the company. Companies need better information than more information.

Example:

If a company wants to know the preference and reviews of its product, it can use the social media to collect the information. However, the social media will have more comments and reviews, where the company cannot read and come to a conclusion.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 3

Question

Chapter 4, Problem 4.1DQ

Summary Introduction

To discuss: The big data and the opportunities and challenges it provides to the marketers.

Introduction:

The information in large numbers and huge quantities that have been generated in the market by the collection, analysis, and storage mechanism is termed as big data.

Expert Solution & Answer

Explanation of Solution

The information in recent trends is overflowing, as the consumers get more data through online, mobile, and internet. The big data are the complex information that is used by the companies for various purposes.

Opportunities and challenges of the big data:

There are various opportunities a company can gain from the source of big data. This will help the companies to gain more and achieve consumer insights.

The big data provide various challenges such as too much of information will distract the decision making of the company. Companies need better information than more information.

Example:

If a company wants to know the preference and reviews of its product, it can use the social media to collect the information. However, the social media will have more comments and reviews, where the company cannot read and come to a conclusion.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Question

Chapter 4, Problem 4.1DQ

Summary Introduction

To discuss: The big data and the opportunities and challenges it provides to the marketers.

Introduction:

The information in large numbers and huge quantities that have been generated in the market by the collection, analysis, and storage mechanism is termed as big data.

Expert Solution & Answer

Explanation of Solution

The information in recent trends is overflowing, as the consumers get more data through online, mobile, and internet. The big data are the complex information that is used by the companies for various purposes.

Opportunities and challenges of the big data:

There are various opportunities a company can gain from the source of big data. This will help the companies to gain more and achieve consumer insights.

The big data provide various challenges such as too much of information will distract the decision making of the company. Companies need better information than more information.

Example:

If a company wants to know the preference and reviews of its product, it can use the social media to collect the information. However, the social media will have more comments and reviews, where the company cannot read and come to a conclusion.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 4, Problem 4.1DQ

Summary Introduction

To discuss: The big data and the opportunities and challenges it provides to the marketers.

Introduction:

The information in large numbers and huge quantities that have been generated in the market by the collection, analysis, and storage mechanism is termed as big data.

Expert Solution & Answer

Explanation of Solution

The information in recent trends is overflowing, as the consumers get more data through online, mobile, and internet. The big data are the complex information that is used by the companies for various purposes.

Opportunities and challenges of the big data:

There are various opportunities a company can gain from the source of big data. This will help the companies to gain more and achieve consumer insights.

The big data provide various challenges such as too much of information will distract the decision making of the company. Companies need better information than more information.

Example:

If a company wants to know the preference and reviews of its product, it can use the social media to collect the information. However, the social media will have more comments and reviews, where the company cannot read and come to a conclusion.

Answer 6

Chapter 4, Problem 4.1DQ

Summary Introduction

To discuss: The big data and the opportunities and challenges it provides to the marketers.

Introduction:

The information in large numbers and huge quantities that have been generated in the market by the collection, analysis, and storage mechanism is termed as big data.

Expert Solution & Answer

Explanation of Solution

The information in recent trends is overflowing, as the consumers get more data through online, mobile, and internet. The big data are the complex information that is used by the companies for various purposes.

Opportunities and challenges of the big data:

There are various opportunities a company can gain from the source of big data. This will help the companies to gain more and achieve consumer insights.

The big data provide various challenges such as too much of information will distract the decision making of the company. Companies need better information than more information.

Example:

If a company wants to know the preference and reviews of its product, it can use the social media to collect the information. However, the social media will have more comments and reviews, where the company cannot read and come to a conclusion.

Answer 7

Chapter 4, Problem 4.1DQ

Summary Introduction

To discuss: The big data and the opportunities and challenges it provides to the marketers.

Introduction:

The information in large numbers and huge quantities that have been generated in the market by the collection, analysis, and storage mechanism is termed as big data.

Answer 8

Expert Solution & Answer

Explanation of Solution

The information in recent trends is overflowing, as the consumers get more data through online, mobile, and internet. The big data are the complex information that is used by the companies for various purposes.

Opportunities and challenges of the big data:

There are various opportunities a company can gain from the source of big data. This will help the companies to gain more and achieve consumer insights.

The big data provide various challenges such as too much of information will distract the decision making of the company. Companies need better information than more information.

Example:

If a company wants to know the preference and reviews of its product, it can use the social media to collect the information. However, the social media will have more comments and reviews, where the company cannot read and come to a conclusion.

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Ch. 4 - Prob. 4.1DQ Ch. 4 - Prob. 4.2DQ Ch. 4 - Prob. 4.3DQ Ch. 4 - Prob. 4.4DQ Ch. 4 - Prob. 4.5DQ Ch. 4 - Prob. 4.6CTE Ch. 4 - Prob. 4.7CTE Ch. 4 - Prob. 4.9AC Ch. 4 - Prob. 4.10AC Ch. 4 - Prob. 4.11AC

The big data and the opportunities and challenges it provides to the marketers. Introduction: The information in large numbers and huge quantities that have been generated in the market by the collection, analysis, and storage mechanism is termed as big data.

Concept explainers

To discuss: The big data and the opportunities and challenges it provides to the marketers.

Introduction:

The information in large numbers and huge quantities that have been generated in the market by the collection, analysis, and storage mechanism is termed as big data.

Explanation of Solution

Want to see more full solutions like this?

Chapter 4 Solutions

The big data and the opportunities and challenges it provides to the marketers. Introduction: The information in large numbers and huge quantities that have been generated in the market by the collection, analysis, and storage mechanism is termed as big data.

Concept explainers

To discuss: The big data and the opportunities and challenges it provides to the marketers. Introduction: The information in large numbers and huge quantities that have been generated in the market by the collection, analysis, and storage mechanism is termed as big data.

Explanation of Solution

Want to see more full solutions like this?

Chapter 4 Solutions

To discuss: The big data and the opportunities and challenges it provides to the marketers.

Introduction:

The information in large numbers and huge quantities that have been generated in the market by the collection, analysis, and storage mechanism is termed as big data.