Big data-assisted social media analytics for business model for business decision making system competitive analysis

•Intelligent, detection, design phases to analyze the social media message.•The sentiment analysis methodology is created to analyze praises and complaints.•Development and implementation of integrative management information system. Business is based on manufacturing, purchasing, selling a product,...

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Veröffentlicht in:Information processing & management 2022-01, Vol.59 (1), p.102762, Article 102762
Hauptverfasser: Zhang, Honglei, Zang, Zhenbo, Zhu, Hongjun, Uddin, M. Irfan, Amin, M. Asim
Format: Artikel
Sprache:eng
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Zusammenfassung:•Intelligent, detection, design phases to analyze the social media message.•The sentiment analysis methodology is created to analyze praises and complaints.•Development and implementation of integrative management information system. Business is based on manufacturing, purchasing, selling a product, and earning or making profits. Social media analytics collect and analyze data from various social networks such as Facebook, Instagram, and Twitter. Social media data analysis can help companies identify consumer desires and preferences, improve customer service and market analytics on social networks, and smarter product development and marketing investments. The business decision-making process is a step-by-step process that enables employees to resolve challenges by weighing evidence, evaluating possible solutions, and selecting a route. In this paper, Big Data-assisted Social Media Analytics for Business (BD-SMAB) Model increases awareness and affects decision-makers in marketing strategies. Companies can use big data analytics in many ways to enhance management. It can evaluate its competitors in real-time and change prices, make deals better than its competitors' sales, analyze competitors' unfavorable feedback and see if they can outperform that competitor. The proposed method examines social media analysis impacts on different areas such as real estate, organizations, and beauty trade fairs. This diversity of these companies shows the effects of social media and how positive decisions can be developed. Take better marketing decisions and develop a strategic approach. As a result, the BD-SMAB method enhance customer satisfaction and experience and develop brand awareness.
ISSN:0306-4573
1873-5371
DOI:10.1016/j.ipm.2021.102762