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2019 Marketing and Data Analytics; Increasing Importance of Marketing

At the moment we are entering a new era of knowledge, we are experiencing the first stages of a digital transformation. Businesses should be restructured in a structure suitable for the digital age when they are moving towards Industry 4.0, which is rising on cyber physical systems. In this period when the digital enterprises are rising, each business unit of the enterprise should be in the effort of using these innovations in accordance with this structure and using them in the most effective way to reach their goals. With the understanding of marketing in the modern sense, one of the most basic functions of marketing is to provide the information about the customer demands and expectations in order to be used in the product design and planning stage. For this reason, marketing is not only about the sales and marketing of the products or services produced, but also for the decision of what to produce. In this period, where the effects of the digital age are becoming more evident, the weight of digital applications in marketing is increasing and the concept of Digital Marketing is becoming more prominent. Innovations on the transformation of Data (which is called New oil) into information, give enterprises more competitive advantages and help to make more accurate decisions. In parallel with the developments in technology, the change in the market and the business environment necessitates the marketing to be prepared for these changes and to transform itself with this change. In this study, the analytical concept is discussed with marketing. In addition, the relationship between the analytical concepts of marketing is tried to be explained and the opportunities awaiting marketing are put forward. At the end of the study, it has been concluded that this digital transformation and developments all over the world increase the importance of marketing.

International Data Science & Engineering Symposium
IDSES

Muhammet GİRGİN

221 157
Subject Area: Engineering Broadcast Area: International Type: Oral Paper Language: English