How big data relates to online marketplaces

Reference no: EM131871166

Question: Explain how big data relates to online marketplaces such as Amazon and eBay. Describe the costs and benefits of collecting data for these online marketplaces. Propose some ways online marketplaces can use to benefit most from data regarding online participation, and consider the major costs of this data collection. Cite at least 5 works from reputable sources in operations management or media studies that help support your argument.

To help you organize your answer, I need responses for three parts...

1. How do online marketplaces use big data? (cite readings, can be from online marketplaces in general or a specific platform)

2. What are the benefits AND costs of the use of big data for online marketplaces?

3. Have there been any concerns regarding this big data collection?

Please answer with a response of at least 400 words. The main questions are 1 and 2, and I appreciate your analysis.

Reference no: EM131871166

Questions Cloud

Prepare an annotated bibliography of your research : Prepare an annotated bibliography of your research. Read Annotated Bibliography.pdf for an overview on annotated bibiographies.

What are some examples of symptoms of anxiety disorders : What are some examples of symptoms of anxiety disorders? How does an anxiety disorder differ from normal worry? What makes it a disorder

What are the specialized sensory receptor cells for smell : For the past two days I'm struggling on answering this questions. What are the specialized sensory receptor cells for smell

What type of errors should you keep an eye out : Where is the best place to look for your error? What type of errors should you keep an eye out for and why do you think this

How big data relates to online marketplaces : Explain how big data relates to online marketplaces such as Amazon and eBay. Describe the costs and benefits of collecting data for these online marketplaces.

How do two elements contribute to a specific theme : How do two elements contribute to a specific theme? How do two elements contribute to a specific characterization?

Explain post-purchase satisfaction : Explain the 5 hedonic shopping motives? Explain post-purchase satisfaction and why marketers need to be concerned?

What was progressivism its religious and intellectual roots : What was progressivism, its religious and intellectual roots and why were so many people drawn to it? What was the one thing that Progressives lacked in vision?

Discuss the budget-based compensation scheme : Explain why a budget-based compensation scheme may encourage a manager to shift income from the current period to a future period if expected performance.

User Account

All Pages