Industry Big Data
Definition
Collection and analytical application of massive industry data.
Historical Background
2010s: big data technology unlocked data value.
Example
Market, production, customer data. Like industry wisdom, revealing trends through analysis.
Formula
Data Value = Data Volume x Data Quality x Analysis Capability
Core Concepts
Decision support weapon: analyzing massive data for industry trend insights.
Extended Applications
Market: size, competition, pricing; production: efficiency, quality, equipment; customer: needs, behavior, satisfaction; supply chain: suppliers, inventory, logistics; technology: trends, patents, R&D.