Big Data
Many companies are making use of big data to give themselves competitive advantage. Tesla is a good example of this. Tesla installed its Autopilot self-driving system on its cars in late 2015, even though the system is not activated. But what it has done is allowed the company to collect data on 1.3 billion miles of driving. This in turn "allows Tesla's engineers to fine-tune the algorithms that control its cars' active-safety systems," the basis of fully autonomous driving (Edelstein, 2016). Other car companies are working towards self-driving cars, but are doing it without the benefit of this enormous data set, which means that Tesla should in theory enjoy a technological competitive advantage with its self-driving cars (Edelstein, 2016).
The implementation of this big data is a work in progress. It will take years, and in theory the implementation should remain ongoing even once Tesla's cars are fully autonomous. The company is pursuing this project with an eye to gaining competitive advantage. It will be able to develop better self-driving cars, safer and more effective, than those of its competitors. When self-driving cars arrive on the market there will be intense competition and battle for market share, but in this Tesla will have the ability to...
Introduction Big data has become one of the most important aspects of supply chain management. The concept of big data refers to the massive data sets that are generated when millions of individual activities are tracked. These data sets are processed to yield insights that help inform managerial decision-making. Supply chains in particular have leveraged big data because companies have been able to develop technology to not only capture hundreds of
Big Data What is "big data" and how does this field relate to decision analysis? Big data is really an expansion and improvement on what has been done for years and that is the collection and analysis of data. However, the two major differences that have emerged over the years is that the amount of data that can be harnessed at one time is much larger than it used to be and
Collapse of the Big Three America was once the leader and pioneer in the auto industry, a title that the country had for decades and a title that was so dear to America's heart that it was unfathomable to think that title might ever be lost. It's commonly misconstrued that America invented the automobile, when in reality that honor goes to German Karl Benz in 1885 (Rozema, 2010). "Americans did, however,
risks associated with exchanging data with outside partners. The most significant risk is probably with respect to data security. A survey of people within the health care industry noted that within the industry there are a number of concerns expressed relating to security. These include the risks of exchanging data between health care providers and government (fear of government), storage in insecure databases (fear of technology), and patient registration
Literature that is associated with actual vehicles is often provided by designers and manufacturers of such vehicles as they attempt to sell their significant economic outlay to consumers. The footage in the film, Who Killed the Electric Car? showing individuals using such technology and even president George W. Bush attempting, though rather stiltedly, to fill the tank of an alternative fuel vehicle are examples of marketing. It is difficult to
Customer Roles At least three customer roles are needed for a marketplace transaction: (Ibid) 1. Buying, choosing a particular product or service; 2. Closing sale by paying for product or service; 3. Consuming or using product or service. Subsequently, one customer may be a buyer, a payer, or a user; or each of these roles may be filled by an organization; various individuals; or different departments. During the process of transforming a showroom visitor to
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