Answer to Question #197655 in Economics for Laura Mariah Deman

Question

International Business , The question is the following:- Identify and explain 5 different issues (such as Big Data, Inclusion, circular economy etc) and give examples of these issues making a reference to an appliance company such as Haier. Including references. The examples mentioned should include a reference to prove they really happened

Answer 1

Big data is a field that treats ways to analyze, systematically extract information from, or otherwise deal with data sets that are too large or complex to be dealt with by traditional data-processing application software. Current usage of the term big data tends to refer to the use of predictive analytics, user behavior analytics, or certain other advanced data analytics methods that extract value from big data, and seldom to a particular size of data set. 

A circular economy is an economic system of closed loops in which raw materials, components and products lose their value as little as possible, renewable energy sources are used and systems thinking is at the core.