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Indicators of Market Information and of Market Research in Tourism
Indicators of Market Information and of Market Research in Tourism
It offers a number of key advantages, such as They include data collection and storage,
Computer system that facilitates the flow of
informed decision making, better marketing information analysis and processing,
information to support an organization's
performance, competitive advantages, cost distribution to interested parties, decision
marketing activities. It has collaborative,
efficiency, customer understanding, real-time data, support applications, customer management,
analytical and operational functions. The MkIS
improved collaboration, long-term planning, data integration with others. systems, data security
is considered the company's "window to the
integration and measurable results. and reporting. These elements work together
world" and its main interface with customers.
to provide marketers with information.
Large-scale embedded software companies performs several key functions, including data
These systems provide critical information
such as Oracle, SAP, PeopleSoft, and IBM are analysis, modeling and simulation, forecasting
that helps companies understand their market
using web-based technologies to redesign tools, market segmentation, campaign evaluation,
environment, identify opportunities and
business processes. The primary challenge for access to real-time information, content
threats, and develop effective strategies to
marketers is integrating data generated by e- personalization. , data integration and reporting.
compete and achieve competitive advantages
commerce with legacy information systems to Together, these features empower marketing
in the market.
have a unified view of each customer. professionals to make informed and strategic
decisions, leveraging data and analytics to
optimize their marketing strategies and tactics.
Data Warehousing MDSS Analyses Marketing Decisions
Marketing decision support systems (MDSS) Support System Functions
IBM defines a data warehouse as a storage space
perform various analyzes to assist in marketing
for enterprise data, which facilitates They play a crucial role in providing insights and
decisions. These analyzes include:
management decisions. It serves as the data analysis to aid marketing decisions. These
foundation for an analytical system, collecting systems typically perform functions such as
Market segmentation analysis.
periodic data points for future analysis. Data data collection, analysis, forecasting, and
Competitor analysis.
warehousing allows marketers to organize and scenario modeling to help marketers make
Forecasting.
store valuable customer and market data derived informed decisions about product launches,
Customer Behavior Analysis.
from daily business operations. pricing strategies, and promotional campaigns.
ROI (Return on Investment) Analysis.
Data Mining
Data Marts n-line Analytical Processing (OLAP)
In marketing, data mining is used to analyze large
Online Analytical Processing (OLAP) in marketing
sets of data with the goal of discovering patterns
refers to a technology that enables interactive
and trends that are relevant to marketing strategies.
Data marts are subsets of data warehouses analysis of multidimensional data, allowing
Some applications include:
focused on specific business functions or marketers to explore and analyze data from
Market Segmentation: Identify groups of
departments. They are smaller, specialized various perspectives easily. In the marketing
customers with similar characteristics to
databases that store and manage data relevant context, OLAP is valuable for:
personalize marketing strategies and messages.
to a particular group within an organization. Market Segmentation Analysis
Customer Behavior Prediction: Use historical
Sales Performance Analysis
data to predict future customer behavior and
Campaign Effectiveness
adapt strategies.
PRIVACY AND THE MARKETING
INFORMATION SYSTEM Geographical Information Systems
Tracking Internet Users
Privacy is paramount in Marketing Information in marketing involve the use of spatial data and
This is typically done using technologies such as Systems. This involves obtaining consent for data mapping technology to analyze and visualize
cookies, pixels, and tracking scripts. While it collection, ensuring robust security measures, and information related to geographic locations.Overall,
allows companies to personalize content and complying with privacy laws. Anonymization GIS provides marketers with a spatial perspective,
improve user experience, concerns arise techniques may be used to protect identities, and enhancing their ability to make data-driven
regarding user privacy. providing opt-out options empowers customers to decisions and tailor strategies to specific
control their information. geographic contexts.