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Function and sales tools
Ultimately, the key to Netflix’s success is personalization, and big data is what makes it possible. Only kazakhstan phone number list can they provide a unique experience for each user.
Apple
Apple uses big data applied to behavioral economics to draw insights about its user base and use them to its advantage. Here are the six principles of behavioral economics that have helped build its brand:
The secret to its success lies in its advanced big data analytics tools, such as advertising algorithms and start your journey to connecting with aunties on whatsapp today! Amazon Elastic MapReduce platform for machine learning.
Zara
Since 2008, when it surpassed Gap, Zara has been the world’s largest clothing retailer. The secret to its success lies in its ability to detect new trends as soon as they emerge and deliver garments to stores faster to meet its customers’ needs.
Zara’s supply chain relies on the use of data and analytics to make predictions sms list informed decisions. The data comes from both daily inventory and store orders, as well as customer feedback.
To analyze all this raw data and make the right decisions, Zara incorporates multiple artificial intelligence, automation, and big data tools into its business strategy.
UOB Bank (Singapore)
Singapore’s UOB Bank is a great example of big data for risk management . As a financial institution, there is a huge potential for losses if risks are not managed properly. That’s why, in 2018, it recently piloted a big data-based risk management system. This allows them to reduce the calculation time for risk variables from 18 hours to just a few minutes. Through this initiative, UOB Bank hopes to be able to perform real-time risk analysis, which will lead to significant savings in avoided losses.