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retailers in terms of brick-and-mortar retailers in that it affords a faster and more direct
link to consumer data than the latter. Detailed information could be gathered from the
customer directly, and faster responses could be made to managerial queries on a real
time basis.Companies that sell via online, not through a brick-and-mortar, have a coin of
vantage in terms of data collection. Since such companies are generating online, all of
their transactions can be assumed to be stored in a database already. Why? Because
the company’s platform is the Web itself. The data collected can be easily stored in a
database warehouse system and such information can be retrieved and/or accessed
any time, 24/7. Data collecting could be very convenient as it no longer requires
physical presence, therefore less strenuous. Everything can be done through one’s
online presence. Moreover, such companies like Overstock.com have the advantage of
having a greater flexibility and convenience given that the Internet is the backbone of
the business.
3. What can executive do now that they could not do in 2004 in terms of data analysis?