Applications Based Upon Sensor and Location Data That Contribute to the Exponential

question 18

Short Answer

Applications based upon sensor and location data that contribute to the exponential growth of collected raw data is called ________ identification.

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Definitions:

Low Cost

A strategy or condition of minimizing expenses to offer products or services at a competitive price point.

Focus Strategy

A competitive strategy where a company chooses to serve a particular segment or group of segments within a market, tailoring its products or services to better satisfy the specific needs of those segments.

Service Productivity

A measure of the efficiency of a service operation, typically calculated as the ratio of outputs (services provided) to inputs (resources consumed) in rendering the service.

Flexible Manufacturing System

A system that allows for the easy adaptation of the production equipment and processes to manufacture different types of products or change production volumes in response to market demands.