Explain how data analytics could help to better serve a market niche or a specific customer base.
Use the business of SnackMagic for this assignment. On the discussion board, you provided an example of the use of big data for your business. In this paper, you will describe additional uses. If your business has a low-cost strategy, explain how the various forms of data analytics could help to keep the costs of products and services low. (Note: companies that manufacture their own products will have a different analysis from companies that are resellers.) If your business has a differentiation strategy, explain how data analytics could help your business to continue to provide distinctive products given changing market conditions and evolving tastes. If your business has a focused strategy, explain how data analytics could help to better serve a market niche or a specific customer base. Make sure you consider where you will get the data for your analysis. You should provide examples of descriptive, diagnostic, predictive, and prescriptive analytics for your business. Please be specific.