Question

Starbucks monitors tweets and other sources of big data. How might the company increase revenue from big data analytics? 200-500 words

Answer 1

Question-Starbucks monitors tweets and other sources of big data. How might the company increase revenue from big data analytics?

Answer- Big data analytics helps companies increase their revenue in a definite way.Big data analytics helps a company to conduct linkage analysis and helps the company to fing out what kind of good or service the targeted audience requires the most and what are their needs. Big data analytics helps the company to convert potential customers to final customers which helps increase revenues of a firm.

Big data analytics helps in knowing the consumers behaviour Which will help a business to grow rapidly, as analytics are used to analyse and compare the data based on various campaigns and their outcomes.