Application and Influence of Big data Analysis in Marketing Strategy

Authors

  • Qing Liu
  • Hao Wan
  • Hongfang Yu

DOI:

https://doi.org/10.54097/fbem.v9i3.9580

Keywords:

Big data analysis, Marketing strategy, Consumer insight, Personalized marketing, Target market positioning.

Abstract

This paper aims to study the application and impact of Big data analysis in marketing strategies. Through comprehensive literature review and empirical research, this paper discusses the potential value and actual effect of Big data analysis on marketing decisions. The study found that Big data analysis can provide accurate and comprehensive market insight, help enterprises better understand consumer needs and Market trend, and thus develop personalized and accurate marketing strategies. The impact of Big data analysis on marketing strategy is mainly reflected in the improvement of consumer insight, the accuracy of target market positioning and the implementation of personalized marketing. In addition, this study proposes practical significance and suggestions, including strengthening data collection and integration, establishing a data analysis team, flexibly utilizing various analysis techniques, and implementing personalized marketing strategies. However, this study also has some limitations, such as sample limitations and data reliability issues. Future research can further explore the application effect of Big data analysis in different industries and market environments, and further study its impact on different types of enterprises. This study has important practical significance for enterprises to develop more effective marketing strategies.

Downloads

Download data is not yet available.

References

Wang, D., Li, Y., & Wang, Y. (2019). Effects of big data analytics capability on firm performance: The mediating role of marketing capability and the moderating role of environmental uncertainty. Industrial Marketing Management, 80, 204-215.

Verhoef, P. C., & Leeflang, P. S. (2009). Understanding the marketing department's influence within the firm. Journal of Marketing, 73(2), 14-37.

Li, Y., Wang, D., & Wang, Y. (2017). The effect of big data analytics capability on firm performance: Evidence from China. International Journal of Information Management, 37(3), 128-138.

Chen, J., Li, M., Liu, Y., & Song, L. (2018). The impact of big data analytics on firms' marketing value. Journal of Business Research, 92, 360-369.

Nguyen, T. T., & Nguyen, T. N. (2020). The impact of big data analytics capability on business performance: The mediating role of marketing capability and the moderating role of environmental turbulence. Journal of Business Research, 115, 293-301.

Gandomi, A., & Haider, M. (2015). Beyond the hype: Big data concepts, methods, and analytics. International Journal of Information Management, 35(2), 137-144.

Wang, Y., Kung, L., & Byrd, T. A. (2018). Big data analytics: Understanding its capabilities and potential benefits for healthcare organizations. Technological Forecasting and Social Change, 126, 3-13.

Vemuri, V. K., Bondhugula, U., & Hwu, W. M. (2018). Big data analytics: Challenges and opportunities. ACM SIGARCH Computer Architecture News, 45(1), 94-108.

Chae, B. K., & Kim, J. (2019). The role of big data analytics in innovation: A literature review. Information Systems Frontiers, 21(2), 263-282.

Davenport, T. H., & Patil, D. J. (2012). Data scientist: The sexiest job of the 21st century. Harvard Business Review, 90(10), 70-76.

Wang, S., & Xie, X. (2017). Understanding customer satisfaction and loyalty: An empirical study of mobile instant messages in China. Journal of Organizational and End User Computing (JOEUC), 29(2), 1-19.

Wu, M. L., & Adams, R. J. (2018). Big data in hospitality and tourism: A literature review. Journal of Hospitality and Tourism Management, 42, 54-67.

Agnihotri, R., Dingus, R., Hu, M. Y., & Krush, M. T. (2016). Social media: Influencing customer satisfaction in B2B sales. Industrial Marketing Management, 53, 172-180.

De Mauro, A., Greco, M., & Grimaldi, M. (2016). What is big data? A consensual definition and a review of key research topics. AIP Conference Proceedings, 1793

Chen, J., & Zhang, Y. (2014). Big data-driven marketing: How to use big data to win customers, beat competitors, and boost profits. John Wiley & Sons.

Fan, L., & Lv, Z. (2016). The Application of Big Data Analytics in Market Segmentation and Targeting. International Journal of Database Theory and Application, 9(4), 39-48.

Davenport, T. H., & Harris, J. G. (2007). Competing on analytics: The new science of winning. Harvard Business Review Press.

Li, X., Zhang, M., & Zuo, M. (2018). Big Data Analytics for Customer Relationship Management. In Handbook of Research on Integrating Big Data into the Business Environment (pp. 165-186). IGI Global.

Wang, X., Li, H., & Sun, Z. (2017). A Study on the Application of Big Data Analysis in Marketing. In 2017 International Conference on Education, Sports, Arts and Management Engineering (ICESAME 2017). Atlantis Press.

Chen, L., & Hu, B. (2018). The Application of Big Data Analytics in Marketing: A Review. International Journal of Smart Home, 12(5), 183-192.

Gupta, R., & Singh, R. (2016). Big Data Analytics in Marketing: A Review. Journal of Digital Marketing, 1(1), 39-48.

Li, X., Chai, S., & Zhao, Y. (2019). Big Data Analytics and Marketing Performance. International Journal of Information Management, 48, 108-118.

Singh, N., & Srivastava, P. (2017). Big Data Analytics in Marketing: An Exploratory Study. Journal of Data Science, 15(2), 215-230.

Shi, Y., Li, Y., & Sun, Y. (2020). The Role of Big Data Analytics in Marketing Decision-Making: A Literature Review. Journal of Systems Science and Information, 8(2), 105-118.

Verhoef, P. C., Kannan, P. K., & Inman, J. J. (2015). From Multi-Channel Retailing to Omni-Channel Retailing: Introduction to the Special Issue on Multi-Channel Retailing. Journal of Retailing, 91(2), 174-181.

Hair, J. F., Wolfinbarger, M., Money, A. H., & Samouel, P. (2019). Essentials of Business Research Methods. Routledge.

Bryman, A., & Bell, E. (2015). Business Research Methods. Oxford University Press.

Yin, R. K. (2017). Case Study Research and Applications: Design and Methods. Sage Publications.

Downloads

Published

28-06-2023

Issue

Section

Articles

How to Cite

Liu, Q., Wan, H., & Yu, H. (2023). Application and Influence of Big data Analysis in Marketing Strategy. Frontiers in Business, Economics and Management, 9(3), 168-171. https://doi.org/10.54097/fbem.v9i3.9580