Category: Analytics (Page 2 of 3)
People are more empowered and connected than ever. The customer behavior tends to change with the rapid change in technology. To keep up the pace, market analysts today have to tackle three key challenges to retain customers: Manage customer relationships across variety of channels, respond and react to dynamic customer interactions, extract value from big data to make better decisions faster.
Analytics have supremacy in various leading industries in detecting fraud, minimizing risks, reducing customer churn, increasing acquisition rates and in improving online conversions. That supremacy is operational. Operational analytics looks at how precise business operations work on a daily basis thereby to come up with a speedy solutions for change.
All types of organizations face a number of internal and external factors, which may shake their chance of success and makes it uncertain whether the company will meet its objectives. These uncertain events, or conditions are called the risks. Understanding the risks and effectually managing these, will significantly benefit the organization in realizing their long term success.
The end of the year is marked by the celebration of Christmas, New Year resolutions, but for the Communication Service Providers (CSPs), it will be the beginning to predict the technologies and trends in the telecom industry by embracing the magic of predictive analytics. Today, the chief precedence for CSPs is to prevent customer churn to increase customer value and loyalty,
Megan, recently conquered her dream of starting a boutique. She did not locate the boutique in her own lane. She choose a different place far away from her home. She has analysed that people in her street are not good customers as she has seen them haggle a lot in every other shop, and there are two other boutiques showing their existence in her lane,
Telecommunication industry has a vibrant role to play in today’s information age. In US alone, approximately 1.3 Trillion dollars has been spent for the growth of telecommunication industry in the year of 2014. It is expected to swell in the upcoming years due to the intense competition and rapid growth phase. The application of telecom analytics is manifold due to loads of data and is moving from batch processing to real-time mode.
The over-all healthcare industry is experiencing a major transformation as it passages from a volume-based business to a value-based business. With growing demands from people for superior healthcare quality and increased value, healthcare providers and payers are under stress to deliver better outcomes. In addition to systemic issues, other factors add to the mammoth