Below are examples of some advantages presented by adoption of big data analytics to various sectors;
Telecommunications
Telecomm service providers use data analytics to analyze and process thousands of documents, images, manuals, customer data and reports in minutes to help their customer service team resolve customer queries more efficiently. They can save a significant amount of time & money when it comes to resolving customer issues over the call.
Retail
Customer service has changed dramatically in past few years as shoppers are expecting retailers to understand what exactly they need and when they need. Retailers are using big data analytics to meet customer demands. With an ocean of customer data from loyalty programs, e-commerce sites, buying habits and all, retailers use predictive analytics to predict trends, future demands and business strategies to boost profitability.
Healthcare
Healthcare industry is one of the most used analytics industry. Healthcare service providers are using data analytics to extract key insights from unstructured patient medical history. The patterns and other information captured from the data help doctors identify patients for chronic disease & other diseases, to offer timely treatment & reduce risk
Manufacturing
Manufacturing companies use data analytics to fine-tune production in order to avoid inventory overruns and balance demand-supply ratio. With the use of predictive analytics, manufacturers are creating personalized products to match customer expectation and lower inventory and warehouse expenses.
Finance
Banking & Investment industry has multiple challenges in the form of securities fraud warning, tick analytics, card fraud detection, audit trail archival, credit risk reporting, trade visibility etc. With the use of data analytics, banks and other financial institutions are monitoring financial market effectively. Trade analytics is being used by many top banks & financial institutes for high-frequency trading.
There are plenty of other industries like communications, energy, technology, government, fashion, entertainment are using data analytics in order to get the best out of their business & customer data
AAS 3.0 open API architecture provides an easy and cost-effective path for AI-powered data analytics.