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Marketing and Big Data

Personally, when I think of Marketing Analytics, the relationship between marketing and big data comes to mind. A definition for marketing is provided on the marketing analytics overview page under “The MAC”. However, I want to focus on the big data piece here. A consistent sentiment across research is something along the lines of – Yes big data is great! But if no one knows how to manage and interpret it to draw insights, then whats the value?! – Since they say a picture is worth a thousand words, I’ve included a slightly humorous cartoon to illustrate my point below 🙂

via eQuest

 

According to SAS (Statistical Analysis System) Institute Inc., “Big data is a popular term used to describe the exponential growth and availability of data, both structured and unstructured”. SAS Institute Inc. further explains the 5 key characteristics used to describe big data which are:  Read the rest of this entry

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