Big data is a new frontier in innovation, characterized by vast data sets that require extensive computer processing to spot trends, and improve productivity. The ability to gather such data sets and effectively translate them in to strategy is seen as a new way of competing and innovating (Manyika et al., 2011). My area of interest is fashion, an area where creativity remains more important than data processing. Yet, big data is having an impact on the mainstream fringes of the fashion business.
For example, mainstream retailers are seeking to acquire more data points from their customers about a variety of different variables, and use those data points to more accurately meet the market's needs. Each season, millions of dollars' worth of merchandise goes unsold, to be sent to discounters at a fraction of the expected cost. This creates waste in the economic system of both the producers and retailers. Hence, many companies have begun to turn to big data in order to reduce this waste.
Social networks are one of the most important gathering points for the data used in the...
Big Data Shopping Big data is a relatively recent concept in the marketing world, that describes the process of analyzing massive data sets to unearth trends. The data sets are so large that it would be almost impossible to find such trends without high-powered analytical technology. Big data has been facilitated by the ability to gather massive amounts of information about consumer profiles and shopping trends. The primarily facilitators of big
Zaslavsky is the leader of the Semantic Data Management Science Area (SMSA). He has published more than 300 publications on science and technology. Perera has vast experience in computing and technology as he is a member of the Commonwealth Scientific and Industrial Research Organization alongside publishing numerous journals. Georgakopoulos is the Director of Information Engineering Laboratory. He has published over 100 journals on issues related to science and technology
Big Data Faris (2013) speculates as to whether NSA leaks will compromise big data's future. The article, published on the website Dataversity, notes that there is public concerns about data leaks at NSA. Consumers are becoming more aware about just how much of their information is available to the government. The author calls into question the dichotomy of private data and public data, in particular were corporate entities are gathering data,
Big Data Nowadays, enterprises are employing statisticians when carrying out sophisticated data analysis. This is caused by the increased affordability in data acquisition and data storage among large scale and small-scale enterprises. This article focuses on highlighting the emerging Magnetic, Agile, Deep (MAD) data analysis. This is figured out as a shift from traditional enterprise data intelligence. The article presents its design philosophy as well as experience and techniques that portray
Big Data Role in Obama Re-Election The volumes, rapid velocity and variation of data otherwise referred to as Big Data has been used in the electioneering process especially in terms of directing the trends of voter psychology and the subsequent voting patterns, a specific example being the Obama reelection process that took more of the internet direction than the traditional door-to-door approach in the campaigns. This paper will hence expound on
Big Data Many companies are making use of big data to give themselves competitive advantage. Tesla is a good example of this. Tesla installed its Autopilot self-driving system on its cars in late 2015, even though the system is not activated. But what it has done is allowed the company to collect data on 1.3 billion miles of driving. This in turn "allows Tesla's engineers to fine-tune the algorithms that control
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