1) What is BI? Business intelligence, or BI, is an umbrella term that refers to a variety of software applications used to analyze an organization’s raw data. Companies use BI and several related activities, including data mining, online analytical processing, querying and reporting to improve decision making, cut costs, identify new business opportunities and identify inefficient business processes that are ripe for re-engineering. 2) What is Visual Analytics, dashboards, data warehouse, data dictionary, meta data, ETL, schema, attributes, hierarchy, cube, OLAP, “drill down”, data mining, data mapping.…
The Hollywood film industry is constantly expanding, creating a competitive atmosphere that continues to grow and change through the years. The entertainment industry especially. The process of launching films is risky due to the number of different film options to choose from. How a film is marketed, determines its success or failure. When trying to position a film, research is a crucial tactic throughout the entire process.…
As companies started to acknowledge the value of customer data and how that data can be used to increase profits, many companies were willing to go a little further than others in acquiring that data. An example of one of these companies is the department store Nordstrom. Back in 2013, Nordstrom enlisted the aid of analytics company Euclid to assist in acquiring information on customers that could help improve insights on how shoppers spent their time in the store. At the time, Nordstrom was among 100 Euclid customers that the New York Times reported had already tracked about 50 million devices in 4,000 locations (Cohan 2013). Nordstrom with assistance from Euclid was operating a pilot program in the Dallas-Fort Worth area for a special technology that would track shoppers’ in-store foot traffic via cell phone signals (Hinshaw 2013).…
It also stared many changes in the video industry, forcing it to create new ways of telling engaging complex stories to a smarter audience, and find new revenue streams to make up for lost ad revenue. However these changes are not all positive. The major networks and advertisers are slow to change and are trying to force things to stay the same. And a new growing reliance on meta-data could lead to a different kind of stagnation in what is available to viewers.…
This article however is very useful due to the fact it lets the consumers see the companies thoughts on data mining, and how this practice may not be an invasion of privacy but an aid for companies. Furthermore, Singers strengths include grabbing the attention of readers right away. An example is in the first sentence when Singer states “It knows who you are. It knows where you live. It knows what you do.”…
With viewers’ high demand, programmers are able to make TiVo smarter to satisfy their needs. Nowadays, viewers do not rely anymore on their cable providers for their favorite tv shows. With the intelligence of TiVo, they are able to record their favorite shows and watch it at any time they want without interruption. In that case, digital recorders are capable to read people minds because they know what favorite tv shows people want and when to watch them. We can say that we have come far to understand the behavior of others to create a system for our entertainment and to appreciate more the emergent system that helps us to organize…
The goal is for this to make sense because there’s a large amount of data information within the servers. Many organizations feel they need to always be a step ahead of competition when the focus is analytics. This is talked about in article Biggest Barriers to Business Analytic Adoption: People. The focus is not the up to date technology but the older population; many are not ready for this change in culture resistance. This article focused on four concerns: (1) lack of understanding of how to use analytics to improve the business, (2) lack of bandwidth due to competing priorities, (3) lack of skill set and last culture does not encourage sharing information.…
Hashem Alameedi Netflix essay Netflix is one of the most successful streaming corporations that has entered the streaming industry. The founder of Netflix, Reed Hasting was the original founder of the corporation. Hasting originally launched the company as a DVD rental service that would charge its customers monthly. Fast forward to today Netflix has become one of the most known corporations in the world changing the game by not only eliminating dvd rentals, but making it accessible on the go. They’ve created an online streaming service allowing the company to thrive through unimaginable heights.…
BUSINESS PLAN Netflix is the world’s leading internet television network with over 100 million members in over 190 countries enjoying more than 125 million hours of TV shows and movies per day. The company’s target market…
This assignment has presented three main points why big data is so crucial. Firstly, Amazon is widely praised for having pioneered web-based customer relations, setting an industry benchmark in market-leading technological infrastructure. Secondly Amaxon offer anonline personal service References Kotler, P., Armstrong, G., Wong, V., and Saunders, J., 2008. Principles of Marketing.…
The precision in results dramatically improves the quality of new leads and helps predictive marketers generate higher revenue growth rate than that of the industry. Lead Scoring and Content Recommendations Predictive marketing can score leads in terms of their stages in a non-linear purchase funnel. This is of immense help to marketers in two ways. Firstly, they prioritize the leads and invest their energy in those prospects that can be converted easily and quickly. Secondly, they nurture other leads to pushing them to the next level of the purchase funnel.…
All the above information can be used by the e commerce companies to know about their user’s interest and can make some attractive recommendations to the users which helps to improve their business. Using web analytics will also help the website administrators to understand their website’s performance and on which part of the website there is more traffic, etc. Web analytics provides these…
2.0 Market Segmentation Market segmentation is a method of separating the large population and divide them into minor segments with the similar needs, wants and demands for each segment of the customer (Agarwal, 2015). The goal is to plan out a marketing mix that exactly matches the expectations of the target market (businessdictionary.com, 2015). Before a company start up a business, they need to know that which segment of customer prefers which sort of product and which segment of customer will become the target customer base (businessdictionary.com, 2015). There are four types of market segmentation which are demographic segmentation, psychographic segmentation, behavioural segmentation, and geographical segmentation (businessdictionary.com,…
DVDs in Blu-ray and HD [High Definition] formats are offered by Netflix to consumers who demand more out of their home entertainment experience. One of the most critical features offered by Netflix that got the company recognition and market share is that it caters to a wide selection of people from different geographical locations and demographic groups. The variety of movies offered by Netflix, vis-à-vis its competitors, is unmatched. With the technical help provided by the company Web site combined with software that tracks and provides consumers with useful information, Netflix enjoys a competitive parity advantage in this regard. One of the main reasons Netflix enjoys this advantage is because it was the first in the market to come out with a DVD rental system that does not involve late fees, but rather includes a fixed monthly subscription fee and a software that provides assistance in simplifying the processes for the end…
Netflix made viewers label films and TV shows with hundreds of metadatap descriptorsq to comment, among others, about the actors, the screenplay, the overall appeal, and the category. Previously, these labels were employed to suggest other shows available on the service, fundamentally constructing outlines of individual viewers according to their choices. However, Netflix began gradually ordering original content as it was aware of what subscribers desired prior to their being in the know.46 Netflix, akin to other networks, desired a series of hits. The challenge for it was never to have access to viewers’ homes — its streaming service could be accessed on any gadget that could be connected to television.…