Data Mining and Business Analytics Software Are Increasingly Used by Large

question 54

Essay

Data mining and business analytics software are increasingly used by large retailers and hotel chains, restaurants, and other businesses. In recent years, the trend is for smaller companies and manufacturers to begin to see the value of data mining, analyzing the data the company has about its customers and competitive environment to help the company make improved decisions about pricing, customer service strategies, new product development, and other competitive issues.
Required:
Explain how a growing, medium-sized manufacturer of furniture for hotels, businesses, and other commercial enterprises could use analytics to help it reach out to new customers.

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Definitions:

Russian

Pertaining to Russia, its people, culture, or language, which is the most widely spoken of the Slavic languages.

Taller

Adjective describing something or someone of greater height in comparison to others or a previous state.

Couple

A couple refers to two persons or things closely associated with each other, often used to describe a romantic partnership.

Stairs

A series of steps constructed for the purpose of providing access between different floors or levels.