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Industries can be benefited from data. Explain with an example.

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Industries can benefit from the huge amount of data available. For example, in the tourism industry, through Big Data travel agencies and hotels can identify the times when there are more crowds and hence more demand for a certain tourist spot.

They can accordingly make arrangements for more flights, trains, buses, tours, labour, essential items, etc. Hotels can use big data to compile and analyse information about their main competitors so that they are aware of what other hotels or businesses are offering customers.

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