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“Analytics is a journey and not a destination!! It takes considerable effort to frame that journey and execute it with a sense of purpose. You will encounter stumbling blocks that may threaten your initiative but you need to find a way out and keep marching ahead.”   We did an analytics exercise for a US
Organizations around the world strive to achieve profitability in their business. To become more profitable, it is essential to satisfy the needs of customers. But, when variations exist between individual customers how they can effectively do that. The answer is- by recognizing these differences and differentiating the customers into different segments. But how do organizations
Business leaders and stakeholders often think about right time to start looking at analytics and sometimes fall shy due to concerns surrounding data availability, quality of data, lack of resources and value of the overall exercise. We have been asked quite a few questions ourselves in last couple of months by decision makers across Insurance
Compensation is one of the key culture-definers for any organization. Every organization strives to decide the best compensation for its employees during talent acquisition as well as internal appraisal cycle. This is crucial, because if the employee is underpaid then it may lead to attrition and in the case of overpaid it may impact the
HRM teams put constant efforts to improve their hiring process to bring in the best talent into the organisation. Even when hiring managers focus on behavioural and cultural-fit aspects of any candidate along with impressive experience and skill sets, many times the HR teams are unable to evaluate the long-term success of a future candidate,
AI has received a lot of hype in the marketing community — and for good reason, too. As research and advisory firm Forrester Research notes in its report, “AI Must Learn the Basics Before It Can Transform Marketing,” AI-powered marketing applications promise numerous benefits, including efficiency and speed, smarter decision making, and optimized customer journeys and campaign
Undoubtedly, Artificial Intelligence (AI) can offer organizations a substantial competitive advantage if used in the right place and in the right circumstances. There is also considerable pressure on organizations to go the AI route for fear of losing an edge to competitors. This pressure can easily be felt by business leaders who need to craft
Given the availability of a huge data pool, the manufacturing industry has started optimising areas that have the most impact on production activities with a data-driven approach. With access to real-time shop floor data manufacturing companies have the capability to conduct sophisticated statistical analysis using big data analytics and machine learning algorithms to find new
A loan passes through various stages or events from the moment it is given till the time it is repaid. Collection strategy of a loan for any financial institution is as important as its lending strategy and delays in repayments not only impacts the financer’s books, it also impacts the borrower as it is also
For oil and gas businesses operating at the highest levels of efficiency while keeping costs in control and increasing productivity is a challenging task. Since oil and gas organisations are asset rich in nature, equipment safety and reliability becomes significantly important. To limit downtime and minimize risks, oil and gas companies are leveraging industrial data