Question

In: Computer Science

What role does IT play in achieving business competitiveness?


What role does IT play in achieving business competitiveness? How does the consideration of Data Analytics comes into your answer? Support your answers with relevant discussion and examples

Solutions

Expert Solution

Role of IT in business competitiveness :

Information technology is playing a massive role for business's across the globe to determine who their customers are , what their customers like ,what do they dislike , which geographical location is most suitable for their business , how much revenue they are able to generate from which location.

This is possible majorly because of Data Analytics which majorly comprises of data mining and Big data techniques. Data mining has helped to gather the data about customer's need and favourites in the data warehouses . Big data techniques have helped the business's to process that data and analyse the trend amongst the customers , through which companies respond to their customer's need even before their business competitor's found it out. Thus leading business group in the world are making huge profit via data analytics .

We could take example of pizza delivery service like Domino's they are able to analyse the customer trend and favourite via analysing the orders customers are placing via mobile app , or the feedback they are sharing after delivery. All of this is possible via data analytics only.


Related Solutions

What role does the design of a comprehensive learning strategy play in the firm achieving its...
What role does the design of a comprehensive learning strategy play in the firm achieving its strategic goals?
What role does the design of a total rewards strategy play in the firm achieving its...
What role does the design of a total rewards strategy play in the firm achieving its strategic goals?
What is a zero-based channel? What role does inventory management play in achieving a zero-based channel?...
What is a zero-based channel? What role does inventory management play in achieving a zero-based channel? What methods are available for reducing inventory?
1. In Business to Business marketing and transactions what role does Amazon play?
Amazon Rising Assignment 1. In Business to Business marketing and transactions what role does Amazon play?2. Describe Business to Business functions and activities performed by Amazon.3. Describe Amazon's role and affect on specific industries, for example publishing.
What role does empowerment play in growth projects and in business in general?
What role does empowerment play in growth projects and in business in general?
Does social media play a role in advertising? If so, what role does it play?
Does social media play a role in advertising? If so, what role does it play?
what role does consumption play in shaping your sense of self? what role does it play...
what role does consumption play in shaping your sense of self? what role does it play in our society?
Q1. What role does the accounting department play (or what role should it play) in the...
Q1. What role does the accounting department play (or what role should it play) in the budgeting process? In the end, who is ultimately responsible for the budget, anyway? Instead of the president of the company, would it be more effective if the budgeting committee as a whole was responsible for the budget? Q2. Who should represent the various departments in the budget committee? What are the roles of these individuals?
What is lobbying? What role does it play in the relationship between government and business? How...
What is lobbying? What role does it play in the relationship between government and business? How does it relate to our lives. Explain
What role do customers play in a business? What is sales revenue and how does it...
What role do customers play in a business? What is sales revenue and how does it relate back to customers? What does “Accounts Receivable” mean? What benefit does the A/R report provide? What are credit memos and are they a good thing? What is a Trial Balance? What does an account reconciliation provide?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT