Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Companies use the big data accumulated in their systems to improve operations, provide better customer service, create personalized marketing campaigns based on specific customer preferences

image text in transcribed

Companies use the big data accumulated in their systems to improve operations, provide better customer service, create personalized marketing campaigns based on specific customer preferences and, ultimately, increase profitability, Businesses that utilize big data hold a potential competitive advantage over those that don't since they're able to make faster and more informed business decisions, provided they use the data effectively. In view of this, GDT Technology plans to venture into the Malaysia market for a targeted marketing system that uses the Internet by harnessing the Big Data Technology. GDT is planning to do a market research on the viability of the Malaysian market. You need to assist the marketing director for planning this market research. Required: c. Suggest with the help of descriptive statistics and examples, how the management can determine the trend in the market when it comes to target marketing 1. Suggest suitable univariate data analysis that can be used to help the management to make effective decision g. Suggest suitable multi-variate data analysis that can be used to help the management to make effective decision h. Suggest a suitable data analysis software that can assist you in data analysis, justify your selection Companies use the big data accumulated in their systems to improve operations, provide better customer service, create personalized marketing campaigns based on specific customer preferences and, ultimately, increase profitability, Businesses that utilize big data hold a potential competitive advantage over those that don't since they're able to make faster and more informed business decisions, provided they use the data effectively. In view of this, GDT Technology plans to venture into the Malaysia market for a targeted marketing system that uses the Internet by harnessing the Big Data Technology. GDT is planning to do a market research on the viability of the Malaysian market. You need to assist the marketing director for planning this market research. Required: c. Suggest with the help of descriptive statistics and examples, how the management can determine the trend in the market when it comes to target marketing 1. Suggest suitable univariate data analysis that can be used to help the management to make effective decision g. Suggest suitable multi-variate data analysis that can be used to help the management to make effective decision h. Suggest a suitable data analysis software that can assist you in data analysis, justify your selection

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

What does the start( ) method defined by Thread do?

Answered: 1 week ago

Question

What is the relationship between humans?

Answered: 1 week ago

Question

What is the orientation toward time?

Answered: 1 week ago