411 - Describe how big data, continuous data tracking and streaming, the Internet of things (IoT) and SoLoMo marketing have enhanced enterprise knowledge of current and potential customers. Explain how location analytics tools have contributed to these technolo

Describe how big data, continuous data tracking and streaming, the Internet of things (IoT) and SoLoMo marketing have enhanced enterprise knowledge of current and potential customers. Explain how location analytics tools have contributed to these technologies.

Topics

  • [DA-024] GIS&T and Marketing

    Marketing is about communicating, delivering, and exchanging goods and services that are desired by customers, clients, and the public alike. They identify the groups the enterprise is striving to serve, developing offerings which match their needs, and establishing exchange relationships which satisfy those needs while accomplishing enterprise objectives of profit, service and/or social impact. Marketers use their planning processes to scan the relevant environment for opportunities, select target markets with unmet or insufficiently met needs, and design marketing mix strategies to serve them. In all of these activities, the qualitative and quantitative measures of location and geography are key.  Delivery of marketing mix strategies relies on tasks such as marketing research, market segmentation and customer profiling, all of which GIS supports.  In addition, specialized marketing functions and emerging technologies also benefit from location analytics resources.