Convert Big Data into Insight to make really useful Marketing Decisions

3m to read / Companies today use Big Data for their digital marketing efforts. But unless any data is analysed and converted to useful marketing and business insights, it remains as a large volume of meaningless numbers. Most every one in marketing and advertising has seen the Tesco South Korea virtual stores in subway stations case study. Most translate the case study as an example of using technology in a new way. What they don't see is how Tesco used 'big data' coming out of that exercise to gather valuable information about their customers – their shopping habits, their preferred products, their buying frequencies, typical shopping basket content, order histories and more. Data converted to Insight Tesco's subway virtual stores were electronic billboards which mimicked stocked supermarket shelves packed with products – each with an unique barcode. Customers who were on the platform used a phone based application to scan the codes and add products to their online ba...