Data has become a competitive advantage in a whole new way. However, the value o
Data has become a competitive advantage in a whole new way. However, the value or how to use it as a competitive advantage is lacking in most organizations. So, where is data and this competitive advantage going? Amazon is using big data more effectively than most of its competition. They also have a key advantage of not only being able to provide just about anything you can think of purchasing but they have invested in big data architecture with their smart home technologies surrounding television and active listening technology. A successful Amazon business is ThredUp.
ThredUp was growing by 100% per year, running on the Amazon AWS platform before it decided it needed more options and expertise to evolve their company into the next phase of their online business. They reached out to a company called Kubernetes to help them speed up their performance and provide a better customer experience. Kubernetes segmented their massive database into small containers using the agile processes of project management to improve performance and server response times. A hidden value of this project resulted in “rapid deployment of new services and a decreased by 56% of hardware costs for this business while the number of services ThredUP runs has doubled”. Finding the right company to host your services is key to your ebusiness model and plan. “Our future’s all about automation, and behind that, cloud-native technologies are going to unlock our ability to embrace that and go full force towards the future.”
CHRIS HOMER, COFOUNDER/CTO, THREDUP
As we continue to thrive online performing basic offerings and then discover new ways to reach our customers, this is a value-added step we must consider meeting the demand of our customers and evolve with them into the next generation of the online experience. Watch this video before answering the questions below. Instructions
In the example of ThredUp, use figure 3.8 on page 111 of the textbook and explain which of the four business models they are using as they sell products to consumers, purchase products from customers, and resell these goods. Explain your answer or answers. How would this organization benefit from User-Contributed Content to help sell their goods and services?
General information about the Project and This Report
“APA StyleFor your convenience, we have provided a template in APA Style. You can reuse this template for other parts of the project.
The template is an MS Word document and is already formatted for APA Style.Tabs are set for indenting; paragraphs are set for double spacing.
This template includes a cover page, headings you see in the outline above, and the references page. Your title for this report is Management Overview.
The template gives you a good guide to follow for APA style.
There are tutorials in Canvas that show you how to use APA Style and how to cite information you find.
You can also get help in the Writing Assistance Center (WAC) with APA citation and style.
Resources and Citations for this ProjectYou should not copy/paste any parts of your report from a website on the internet.
Provide a citation for any information that is not your own. For example, if you tell how many people a company employs, then include a citation for this data to let your reader know which resource you used for this data.
The purpose of any research here at school and on your job is to find solid, reliable information and then to form your own ideas about your findings.
We want to see evidence of research with your own findings based upon this research
You do NOT cite your own ideas.