Big Data Case Studies
Big Data Case Studies
2) Netflix:
The online entertainment company’s 148 million subscribers give it a
massive BI advantage.
Netflix has digitized its interactions with its 151 million subscribers. It
collects data from each of its users and with the help of data analytics
understands the behavior of subscribers and their watching patterns. It
then leverages that information to recommend movies and TV shows
customized as per the subscriber’s choice and preferences.
As per Netflix, around 80% of the viewer’s activity is triggered by
personalized algorithmic recommendations. Where Netflix gains an
edge over its peers is that by collecting different data points, it creates
detailed profiles of its subscribers which helps them engage with them
better.
The recommendation system of Netflix contributes to more than 80%
of the content streamed by its subscribers which has helped Netflix
earn a whopping one billion via customer retention. Due to this
reason, Netflix doesn’t have to invest too much on advertising and
marketing their shows. They precisely know an estimate of the people
who would be interested in watching a show.
3) Coca-Cola:
Coca Cola is the world’s largest beverage company, with over 500 soft
drink brands sold in more than 200 countries. Given the size of its
operations, Coca Cola generates a substantial amount of data across
its value chain – including sourcing, production, distribution, sales and
customer feedback which they can leverage to drive successful
business decisions.
Coca Cola has been investing extensively in research and
development, especially in AI, to better leverage the mountain of data
it collects from customers all around the world. This initiative has
helped them better understand consumer trends in terms of price,
flavors, packaging, and consumer’ preference for healthier options in
certain regions.
With 35 million Twitter followers and a whopping 105 million Facebook
fans, Coca-Cola benefits from its social media data. Using AI-powered
image-recognition technology, they can track when photographs of its
drinks are posted online. This data, paired with the power of BI, gives
the company important insights into who is drinking their beverages,
where they are and why they mention the brand online. The
information helps serve consumers more targeted advertising, which
is four times more likely than a regular ad to result in a click.
Result:
Coca Cola is increasingly betting on BI, data analytics and AI to drive
its strategic business decisions. From its innovative free style fountain
machine to finding new ways to engage with customers, Coca Cola is
well-equipped to remain at the top of the competition in the future. In a
new digital world that is increasingly dynamic, with changing customer
behavior, Coca Cola is relying on Big Data to gain and maintain their
competitive advantage.