Four E-Commerce Applications of Big Data
While big data has proven beneficial to brick and mortar stores, it is especially well suited for e-commerce. Unlike the offline world, change is effected more rapidly online in response to information input. For example, the prices of e-commerce products and the types of products displayed, can be instantly adjusted according to the specifics of each visitor viewing the page. Here are four ways that online retailers can benefit from big data: Demand Prediction Social media is an enormous pool of unstructured data on consumer preferences, opinions, and sentiment. Meaningful use of social media on a large scale is a big data