Which of the following are ways for companies to leverage big data to gain value? (check all that apply)
A) Creating transparencies
B) Reducing spending on technical initiatives
C) Segmenting a population to customize actions
D) Analyzing less data
E) Providing automated algorithms to support decision making

Question

Quizplus · Accepted Answer

A) Creating transparencies: Companies can leverage big data to create transparency about their operations, supply chain, and other aspects of the business. This helps build credibility and trust with stakeholders.
B) Reducing spending on technical initiatives: This is not a way to leverage big data. In fact, companies may need to invest more in technical infrastructure and expertise to effectively analyze big data.
C) Segmenting a population to customize actions: Big data allows companies to segment their target audience based on demographics, behavior, and other factors. This enables them to provide personalized products and services that meet specific needs.
D) Analyzing less data: Analyzing less data may lead to inaccurate or incomplete insights. Big data provides a wealth of information that can be used to uncover patterns, trends, and correlations.
E) Providing automated algorithms to support decision making: Big data analytics can enable companies to develop automated algorithms that support decision making processes. These tools can quickly analyze large datasets to generate insights and recommendations.

Which of the Following Are Ways for Companies to Leverage