Data is a very precious resource. How one uses the data can actually redefine the business dynamics for an organization. Various organizations have different ways of storing the data and many a times are not sure about how to analyse it. Various objectives can be achieved through analytics. These are:
Increasing the revenue,
Reducing the costs,
Gaining market share,
Deeper penetration into existing customer segments, identifying new customer segments,
Product cross sell
Risk analysis, loss forecasting, customer segmentation,
...........................................◊ Transaction Processing support systems, outsourcing of back office processes | MIS Automation & Workflow Automation, and Open Source Software applications, Integration, Risk Process | Analytics, Statistical Modelling process re-engineering ◊