Data analytics is not only used in the technology sector now. It has permeated through every industry. Each industry is implementing data analytics in its own way and finding value in it. Insurance Industry is one such were data analytics plays a big role. To be fair, Insurance companies have long used analytics to find the loss in property or to analyze the damage. But, with enormous computing resources and ...
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Data Analytics is a growing field that is becoming a significant part of any business field. Due to this popularity, there are lots of tools and software that are available for you to do analytics. Some of them are open-sourced and some of them are proprietary. But, both have their own advantages and disadvantages. When it comes to analytic tools, open-source tools are more popular than the proprietary ones. The ...
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Data Analyst is one of the high paying, in-demand jobs right now. Every company despite its field is becoming data-driven. They are trying to find value with their data. They can outsource the job to other companies or hire their own analyst team. Whatever the decision may be, a data analyst is the one who finds the value in data. Naturally, the demand for data analysts is booming. IBM predicts ...
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Data Analytics has seen tremendous growth in the last 5 years. Data Analytics is now not just a luxury item that only big organizations can deploy. In the last decade, the availability of cloud, open-source frameworks, and tools made it possible for even small companies to deploy data analytics. With many small to medium businesses adopting it, the Data Analytics will continue to grow and become ubiquitous. In this ...
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Fast food chains grew all over the world, thanks to a phenomenon: the franchise business model. We all know and love McDonald’s. It is a common household name all round the world. McDonald’s is the largest food chain in the world. It has about 37,000 outlets in more than 115 countries. Their global presence and popularity is possible because of franchisees around the world. Franchisees are companies that are in ...
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If you've been reading my post, then you'd know that data analytics is the most disruptive technology impacting all the organizations. Everywhere around the world, Businesses are trying to become data-driven. That is, they are using the data to improve their performance. For a new business trying to adopt data analytics, a strategy must be created before delving into it. Without a strategy, a variety of things could go wrong implementing ...
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Customer Data Analytics is the process of analyzing the customer data by a business to create a profile about the customer. With that profile, a business can predict user behavior and can target personalized services for them. The business has long understood the value of customer data. By creating a personalized experience with the customer data, they can increase their loyalty with the customer and thereby increase their revenue. Businesses use various ...
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Quora came into existence when former Facebook employees, Adam D’Angelo and Charlie Cheever, set out to create a question-and-answer website in 2009. Hence, the Quora business model was born with the website. Quora was initially available through its website only, but iOS and Android apps were later introduced. The content on Quora is created and edited by the users of the website. Questions are asked by users who need help with a certain topic. The website ...
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There is no denying that businesses profit from using data analytics. In today's competitive world, satisfying customers and increasing revenue are becoming a priority for any business. Data analytics helps the business just to that. As businesses become aware of the value of data analytics, they tend to gravitate towards it. Here I've consolidated some of the benefits that business gets from using data analytics. Better Decision making With the vast amount of ...
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Instagram started out as a free social media platform back in 2010. Kevin Systrom and Mike Krieger worked together to put out a social media app that focused on sharing images and videos among your network. Hence, Instagram business model and the app was created. Instagram took off because of its unique operating model and millions of users flocked to the image sharing app. As of now, Instagram is owned by Facebook and is one ...
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