Data analytics has been inducted in many big corporates that have diversified businesses in many sectors as the number of internet user base has increased drastically in recent years. By 2025 1billon+ people will be using the internet which will be double than by 2015. Industries have been using data analytics to maximize their profits and for bringing efficiency to their operations. Data analytics give insights from which corporations can make strategically-guided decisions. So the use cases of data analytics is going to increase as it will generate a lot many jobs. If you are interested in choosing this course then Anjaneya University has been rendering Big Data Analytics course and has a track record of direct campus placements in top companies like Wipro, ICICI Bank, Hindustan Copper Limited (HCL), Reliance, Capgemini and more.
Companies are looking for strong business returns and lower operating volatility costs. Lets for say if the shop is both online and offline the corporate can gather different variants based on data that will make them improve their sale through social media campaigns for increasing e-commerce sales for product categories.
Streamline the Process
The supply chain data can be analyzed to identify manufacturing bottlenecks. Whenever there is an increase in demand due to any reason it will be forecasted in the data as the change will be at lower pace and when that remain persistent that signifies whether any strategic move would have worked or It can be a seasonal spike because of festive season. Based on seasonality, holidays, and secular patterns data analytics will forecast the best supply for all products.
Manage Pitfalls and Risk Mitigation
Accurately assessing risks in consumer or workforce fraud, legal responsibilities, safety practices, and uncleared accounts is very necessary in businesses before having precautionary measures in place, company have to employ statistics for getting true picture of pitfalls.
Boost Security
Threat to data security exist in every company. Information analytics could be used to assess breach in the data security. This has been used by security agency to identify the methodology adopted by the criminal. Data will predict atmost possibility of where crime could happen.
Delivery
Big corporations such as UPS, DHL, and FedEx, are utilizing data for improving operational efficiency. Data analytics help them discover the most cost-effective modes of transportation. The data collected by them through GPS has help them in formulating strategy based on differential weather conditions.
