Question

How business companies use their information assets to derive competitive advantage and new business approaches?

Answer 1

Answer:

Explanation:

Businesses use data as hidden data to get a competitive advantage and new businessopportunities. Many primary organizations view data as the new way of building competitiveadvantage. They spend in new, inventive ways to combine and use the data that they possess orthe data surrounding the organization's customers and the environment. And through this process,the core business is enhanced, and new opportunities for growth are found.Another way is by using data as a source of information. New implements and abilitiesharness documents more efficiently than before. Data plus the information make products andservices to be efficient thus letting organizations be able to convey more value.

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