Digital Technologies in Marketing: A Case Study of ASOS
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Added on 2023/06/17
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This report explores the significance of digital technology in marketing with a case study of ASOS. It covers data collection methods, current service provision, and its advantages and disadvantages.
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Table of Contents INTRODUCTION..........................................................................................................................3 TASK...............................................................................................................................................3 Data technologies........................................................................................................................3 Current service provision............................................................................................................4 CONCLUSION...............................................................................................................................5 REFERENCES................................................................................................................................6
INTRODUCTION Digital technology are termed as the electronic tool, system tool, devices and resources that produces process sections. The significance of digital technology in marketing will relates to the record and examine the implementation and outcome of their drive. The digital technical experts spend their time and cost in creating efficient campaigns, that they require to present an effective result of those campaign (Brock, and Von Wangenheim, 2019). The organisation consider in this report is ASOS. It is an online cosmetic and fashion retailer that manages several goods including shoes, accessories, beauty andwearing apparel. The business was established by Nick Robertson, Quentin Griffiths, Andrew Regan and Deborah Thorpe in the year of 2000 with the purpose to influence teenagers. The following report covers the collection of data from social media, the media and statistics that will examine while utilising suitable qualitative and quantitative method. At last it covers advantages and disadvantages of organisation's current service provision. TASK Data technologies Data is meant by the collection of objects, figures, facts, events and symbols gathered from various sources. In context of ASOS, collecting data from various sources can help to make better decisions. Without collecting information, it becomes difficult for the company to make relevant decisions, that is why data is important to be collected from different audiences. For example, before introducing or commercializing a new product, the ASOS needs to gather information on the demands of product, competitors, preferences and many more. If in case, the data is not gathered then there will be high chances of product failure for several reasons, such as inability to meet the demands and so on(Smith, Iversen,and Veerasawmy,2018). Analysing data can take different formats. In context of ASOS, the data can be collected by two methods, which are discussed below: Primary Data:This is the data collected from first hand experience and not available in the historical data. These are particular in nature and highly accurate. Quantitativemethods:Quantitativetechniquesfordemandforecastingandmarket research generally make use of statistical tools. In this method, demand forecasting is based on the past records.
Time Series Analysis:It defines to a sequential order of values of a factor, identified as s trend at equal time intervals. ASOS can predict the products' demand for the projected time.Smoothing Techniques:This is useful where time series lacks with trend. They detect and eliminate a random variation from the past records(Wang,Sigerson, and Cheng, 2019). It helps in finding demand levels and patterns to forecast future. Qualitative method:It is based on words, colours, feelings, sounds and other elements. These are based von judgement, experience, intuition, emotion and so on.Interviews:In this method, interviewer ask different questions either on call or face to face to the respondents.Polls:It is include of one single or MCQ. It is known to online polls, surveys and so on that can be integrated into different platforms such as Instagram or Facebook. Secondary Data:It is a data that is used in the past. This can involve both quantitative and qualitative data techniques. Data can be gathered from sources like internet, social media platforms, business journals, government reports and so on.These are time-consuming as well as expensive. Current service provision The manner of the current service will manage their dealings in wider section of the actions and activities that involves the provision of the required mentioned devices and facilities in terms of the therapy and services as effectively and efficiently. CurrentService provision is an essential factor in a residential field of area(Kane, 2019). It covers effective and efficient set of the techniques that might be causing difficulty in the procedure of delivery as per to the facilities. It relates to the term of waste products, facilities and services in respect to the collection of the data that need wider term of section in the field of the area. As there are several advantages and disadvantages of the current service provision in ASOS business of management that are as follows - AdvantagesNo inventory-If the business of management sells the services and facilities they might not have any inventory. In terms of the buying and selling goods, they manage their consumers to take several term of the benefits as per to their capability to make their life easy. They might not have any manufacture terms of the production services that might
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notgetfinishedoftheirinventoryaccordingly.Itwillhelptheindividualsin concentrating on their sales instead of their inventory and manufacturing. Individual need to be expert– As by maximising the manner of size of the business of management it will help the individuals in managing their skills and abilities with level of service(Li,Pearce, and Low, 2018). It need consistent supervising, evaluation and training of candidates as effectively and efficiently. The management of ASOS focus on their enhancement of service and facilities that can evaluate the term of the productivity. DisadvantagesDifficult valuation– The management ofservice business is an effective to maintain the dealings of the value in the field of the manufacturing and retail sector of the business. The manner of business have to be inventory, equipment and other hard assets that might have the value in terms of the business. Demand cut back–In the tough situation of the economic time will relates to the customers who cut back on their facilities(Ross, Beath, and Sebastian, 2017). As the business management of ASOS concentrates on their goods that require to survive and expand in terms of the facilities that frequently maintained in an effective and efficient manner. CONCLUSION From the above mentioned report it has been concluded that, the management of ASOS offers wider term of the facilities and goods to their consumers in order to satisfy them and capture them for longer period of time as effectively and efficiently. It will help them in influencing wider individuals in respect to enhance the development of business with suitable technique of current service provision with its advantages and disadvantages.
REFERENCES Books and Journals Brock, J.K.U. and Von Wangenheim, F., 2019. Demystifying AI: What digital transformation leaders can teach you about realistic artificial intelligence.California Management Review,61(4), pp.110-134. Kane,G.,2019.Thetechnologyfallacy:peoplearetherealkeytodigital transformation.Research-Technology Management,62(6), pp.44-49. Li, J., Pearce, P.L. and Low, D., 2018. Media representation of digital-free tourism: A critical discourse analysis.Tourism Management,69, pp.317-329. Ross, J.W., Beath, C.M. and Sebastian, I.M., 2017. How to develop a great digital strategy.MIT Sloan Management Review,58(2), p.7. Smith, R.C., Iversen, O.S. and Veerasawmy, R., 2018. Impediments to digital fabrication in education:Astudyofteachers'roleindigitalfabrication.InInformationand Technology Literacy: Concepts, Methodologies, Tools, and Applications(pp. 301-319). IGI Global. Wang, H.Y., Sigerson, L. and Cheng, C., 2019. Digital nativity and information technology addiction: Age cohort versus individual difference approaches.Computers in Human Behavior,90, pp.1-9.