Suggest an E-business with following

A- Which area of market

Consumer to consumer market (C2C)

B- What will be the features provided?

The consumer market in the United States is made up of approximately 300 million consumers. The United States has the largest consumer market in the world. Consumers spend more money in the U.S. than in any other country.

Because this market is so large, it is helpful to break it down into more manageable segments. Within the consumer market, there are subsets that can be identified based on demographics and other groupings. Some of these subsets include age, gender, interests, income level, and geographic location. The consumer market is the umbrella that covers all of the segments that can be created within that huge market

 

C- For each feature what E-technology you will use

WEKA is suitable for this business because it process relationships and it’s important for this business.

Give an example of analytics life cycle model (use ALC in an example)

The  Data  Analytics  Lifecycle  is  designed  specifically  for  Big  Data  problems  and  data science  projects.  The  lifecycle  has  six  phases,  and  project  work  can  occur  in  several phases at once. For most phases in the lifecycle, the movement can be either forward or backward. This iterative depiction of the lifecycle is intended to more closely portray a real  project,  in  which  aspects  of  the  project  move  forward  and  may  return  to  earlier stages  as  new  information  is  uncovered  and  team  members  learn  more  about  various stages of the project. This enables participants to move iteratively through the process and drive toward operationalizing the project work

List ten data mining tools in business

1-Software-R (another popular GNU open-source data mining tool. It already has a number of pre-defined modules and functions. Users need to write scripts for their operations)

2-Rapid miner (Rapid Miner is one of the most popular data-mining tool available free. It is an open source data mining software. The best thing is that users do not need to write code)

3-SAS DATA MINING (Discover data set patterns using SAS data mining commercial software. Its descriptive and predictive modelling provides insights for better understanding of the data)

 

4-WEKA (WEKA is a very sophisticated data mining tool. It shows you various relationships between the data sets, clusters, predictive modelling, visualization etc. There are a number of classifiers you can apply to get more insight into the data)

5-ORANGE DATA MINING SOFTWARE (Orange is an open source data mining)

6-KNIME (Has all the required tools for data extraction)

7-NLTK (Natural language tool kit, is best for language processing task)

8-JHepWork (This software is suitable for scientists, students and researchers)
9-PENTAHO (with this tool you can easily blend data from any source)

10-Tangara (software used for academic research purposes)

Explain porter fire forces model and give example where it can employed

Five Forces Analysis assumes that there are five important forces that determine competitive power in a business situation. These are:

  1. Supplier Power: Here you assess how easy it is for suppliers to drive up prices. This is driven by the number of suppliers of each key input, the uniqueness of their product or service, their strength and control over you, the cost of switching from one to another, and so on. The fewer the supplier choices you have, and the more you need suppliers’ help, the more powerful your suppliers are.
  2. Buyer Power: Here you ask yourself how easy it is for buyers to drive prices down. Again, this is driven by the number of buyers, the importance of each individual buyer to your business, the cost to them of switching from your products and services to those of someone else, and so on. If you deal with few, powerful buyers, then they are often able to dictate terms to you.
  3. Competitive Rivalry: What is important here is the number and capability of your competitors. If you have many competitors, and they offer equally attractive products and services, then you’ll most likely have little power in the situation, because suppliers and buyers will go elsewhere if they don’t get a good deal from you. On the other hand, if no-one else can do what you do, then you can often have tremendous strength.
  4. Threat of Substitution: This is affected by the ability of your customers to find a different way of doing what you do – for example, if you supply a unique software product that automates an important process, people may substitute by doing the process manually or by outsourcing it. If substitution is easy and substitution is viable, then this weakens your power.
  5. Threat of New Entry: Power is also affected by the ability of people to enter your market. If it costs little in time or money to enter your market and compete effectively, if there are few economies of scale in place, or if you have little protection for your key technologies, then new competitors can quickly enter your market and weaken your position. If you have strong and durable barriers to entry, then you can preserve a favorable position and take fair advantage of it.