What were the competitive advantages of the Netflix business model?

At the time, Netflix created a new business model by combining the power of the Internet and artificial intelligence with the infrastructure of postal mail. What were the competitive advantages of the Netflix business model? What characteristics of the Netflix information system define it as a strategic information system? In response to Netflix’s challenge, Blockbuster established a business model (Blockbuster.con) similar to that of Netflix to try (without much success) to face its competition. Blockbuster perfected this business model by offering its clients the possibility of returning the rented films without having to send them back by mail. Blockbuster.com customers could return the movies (received by mail) at the nearest Blockbuster store, where the return is immediately recorded in the company’s information system. In this way the customer subscribed to Blockbuster.com received new movies more quickly, since the return did not depend on mail. Was it affordable for Netflix to imitate this model? What type of competitive advantage did Blockbuster achieve with this modification of the business model? Did this turn the Blockbuster SI into a strategic SI? In response to Blockbuster’s challenge, Netflix perfected its business strategy by making use of technological advances (“video streaming”) to face the Blockbuster challenge. Find information about that new business strategy and discuss how it reinforced the strategic nature of Netflix’s IS. What technological changes allowed Netflix to implement video streaming services? 2. Explain examples of successful application of data mining in business. Explain through examples the relationships between data mining and business intelligence. In each case you must include the name of the company that successfully applied these technologies. Each student must choose different examples from those chosen by the other students. 3. What are the main capabilities of the Database Management Systems (SABDs) and why is a relational SABD so powerful? Define a database and a database administration system. Name and briefly describe the capabilities of a SABD. Define a relational SABD and explain how it organizes the data. List and describe three operations of a relational SABD. Explain why non-relational databases are useful. Define and describe standardization and referential integrity; explain how they contribute to a well-designed relational database. Define and describe an entity-relationship diagram; explain its function in the design of databases. What is the role of knowledge management systems in business? Define knowledge management and explain its value for business. Describe the most important dimensions of knowledge. Explain the difference between data, knowledge and wisdom, and between tacit knowledge and explicit knowledge. Describe the stages in the value chain of knowledge management. How do business intelligence and business analysis support decision making? Define and describe the intelligence and business analysis. List and describe the elements of a business intelligence environment. List and describe the analytical functionalities provided by the Business Intelligence (BI) systems. Compare two different management strategies to develop Business Intelligence (BI) and Business Analysis (BA) capabilities.