Which type of technology is used to analyze large-scale data sets for market research? 🔊
Big data analytics technology is used to analyze large-scale datasets for market research. This involves employing advanced algorithms and tools to examine complex data from various sources, revealing insights into consumer behavior and market trends. Techniques such as data mining, machine learning, and statistical analysis enable businesses to derive actionable intelligence from vast amounts of information, influencing strategic decisions, product development, and targeted marketing initiatives.
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