Banking industries are rich with data. Used or unused, there is an excess amount of data in these sectors. Most banks are under pressure to stay profitable and simultaneously understand the needs, wants and preferences of the customers. Lately, many financial institutions have adopted new models that help them to compete. Banks need to go beyond their standard business reporting and sales forecast...
Some of the key challenges for retail firms are – improving customer conversion rates, personalizing marketing campaigns to increase revenue, predicting and avoiding customer churn, and lowering customer acquisition costs. These can be tackled with deeper, data-driven insights on the customer.
Application of Data Science and Data Analytics for Insurance Industry
This visualization technique for displaying multiple dimensions has been developed by a research group at the University of Athens. They are looking for feedback from colleagues in the field on its functionality and utility.
