Assignment:
Explain how big data relates to online marketplaces such as Amazon and eBay. Describe the costs and benefits of collecting data for these online marketplaces. Propose some ways online marketplaces can use to benefit most from data regarding online participation, and consider the major costs of this data collection. Cite at least 5 works from reputable sources in operations management or media studies that help support your argument.
Q1. How do online marketplaces use big data? (cite readings, can be from online marketplaces in general or a specific platform)
Q2. What are the benefits and costs of the use of big data for online marketplaces?
Q3. Have there been any concerns regarding this big data collection?
Your answer must be in 400 words, typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.