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Using Big Data to Make Better Decisions in the Digital Economy

The role of social media data in operations and production management

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Pages 5027-5036 | Received 29 Sep 2014, Accepted 21 Apr 2015, Published online: 15 Jun 2015
 

Abstract

Social media data contain rich information in posts or comments written by customers. If those data can be extracted and analysed properly, companies can fully utilise this rich source of information. They can then convert the data to useful information or knowledge, which can help to formulate their business strategy. This cannot only facilitate marketing research in view of customer behaviour, but can also aid other management disciplines. Operations management (OM) research and practice with the objective to make decisions on product and process design is a fine example. Nevertheless, this line of thought is under-researched. In this connection, this paper explores the role of social media data in OM research. A structured approach is proposed, which involves the analysis of social media comments and a statistical cluster analysis to identify the interrelationships amongst important factors. A real-life example is employed to demonstrate the concept.

Disclosure statement

No potential conflict of interest was reported by the authors.

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