More than 60% of the collected data is not used for analytics. This is due to the excessive load on the IT department to handle all data requests while troubleshooting and providing maintenance support. Self-serving analytics can solve the problem and help employees make the most of data by running analytics at each vertical and
Read MoreData analytics help the FMCG industry to reduce costs, streamline production and supply chain, and take the products to the right target market at the right time. It provides companies with the necessary insights to adopt the data-driven model for decision-making. Let’s understand the effective role of data analytics in the FMCG sector. Data analytics
Read MoreDigital security has become of utmost importance to most companies, especially those who operate online or have large transactions. Cyber attackers and hackers lurk behind every unsafe click and untrusted network or website. This is crucial for employee internal communication as they often send and receive confidential information. So, if the hackers are so powerful,
Read MoreBig data has been a hot topic over the past few years, and for good reasons. The amount of data available to businesses is staggering, and this presents a massive opportunity for companies that can effectively use big data analytics to gain an edge over their competitors. In this blog, we will explore what big
Read MoreCustomer analytics is the process of understanding customers to streamline banking products and services. It is also an integral part of banks’ strategies to achieve their goals and increase revenue. Check out the role and effectiveness of customer data analytics in the banking industry. The banking sector is moving from the product-centric model to a
Read MoreThere is a huge demand for automating the traditional data management system for retail industries. The data generated online is increasing every second with the ever-changing shifts in customer behavior. In fact, about 40% of marketers study the consumer journey for crucial decision-making. The traditional methods might have been very useful and served you well
Read MoreThe term ‘big data’ refers to the complex process of analyzing a huge amount of data to find information such as market trends or customer preferences. This information can aid businesses in making quick and well-informed decisions. In other words, data analytics techniques and technologies allow organizations to analyze data sets and collect new data.
Read MoreThe projected value of big data-based financial analytics services in healthcare stands at more than 13 bn USD by 2025. However, with data and technology being the two major drivers of transformation and growth in the healthcare industry, we expect the figure to be actually higher than this. However, what makes big data analytics of
Read MoreData visualization is the graphical representation of insights generated in real-time. The reports are used by banks to effectively streamline daily activities and make faster decisions. Data visualization is the process of graphically visualizing large data sets. The visuals make it easier to understand the relationship between various factors and identify the trends. Data visualization
Read MoreA financial dashboard gives banks complete control over their daily operations. The dashboard provides real-time reports about the performance of the establishment against the specified KPIs. Let’s see how the dashboard is created and why it plays a prominent role in the financial industry. Banks and financial institutions face heavy customer traffic and are under
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