DePaul Combines Theoretical And Practical Knowledge With Big Data
With the rise of big data, marketers are finding new ways to analyze and predict consumer behavior in order to provide products and services to meet customer needs. The term big data refers to the collection of data that is large and complex and gathered through multiple methods. For marketing, that could be data from point-of-sale scanners at a store, loyalty cards or online shopping habits.
“Marketing has become more data driven over the last 30 years,” Sue Fogel, chair of DePaul University’s Department of Marketing said. “Based on the data about what people have bought, what we can do now is make recommendations for other products that they might like. You can get a very detailed profile of customers and use that to predict what it is they’re likely to buy.” Continue reading…
