Big Data Flashcards
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WALSE
W =
What is it? Data rich in Velocity, Variety, Volume Facts: - More data since NYE 2013 than history previously - 90% of data created in last 2 years Consumer Data Research Centre - Provides data for research purposes - Data from: financial services, retail, social networks, phones - Data for: Crime, Health, Marketing
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Aim in Retail Geography=
To create groups large enough to be useful, but distinct enough to target
- Likert
- Semantic Differential Procedures
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Loyalty Cards - Seasonality (Newing et al., 2016) - e.g. Tesco Clubcard Create profile for 45,000 products, see what people whol buy one product also by Led to creation of Tesco finest range Can see geographical patterns emerge
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Smart Steps
We Leave a digital footprint
-90% of smartphone users never more than 1m away from phone
SS creates grid of the UK that shows footfall every hours
Powerful Catchment Analysis
- Can find key customer postcodes - targets for next loyalty campaigns
- Shows strong transport links (e.g. Virgin East Coast Trains)
- Can see time people visit your stores
- Good for multipurpose trips
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Ethical Issues
- Security - Hackers
- Anonymisation - hard to achieve
- Do people realise they’re giving this data (Malleson and Birkin, 2013)
- Use of the data - personal use, research use etc
- People making money out of personal data
Newing, (2013)
Loyalty Cards show seasonal shifts in demand
Malleson and Birkin (2013)
Are people aware they are providing this data - Ethical Issue