The rising pressure to ensure competition and to bring revenue growth has enforced companies to focus on ways to better mitigate peril, amend pricing strategies, plan targeted marketing, and leverage data drove decision making across every utilitarian area. This growing awareness has led to a brisk expansion of business analytics tools, primarily predictive and descriptive across various industries and essentially for every possible functional use case.

With the growing need for more dynamic solutions organizations and large scale industries are seeking analytics tools that automate the process and ease the decision-making processing which was currently in use. Simultaneously while becoming more actionable, it is also crucial for analytics tools to possess intuitive visualization functionality to successfully communicate results company wide and to be able to see the entire data driven story.

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Choosing the right solution or sometimes multiple solutions for your business needs could be a daunting task. Over the years Canopus Data Insights focus has been on providing customers with cost-effective and user-friendly end to end solution which helps to deliver valuable data insights in a fraction of time which helps to drive significant business results.

Few conspicuous and noticeable industries that make impressive benefit from their own data, with the help of data science and data analytics approach are:-

Banking: The Banking sector is consistently at the possibility of fraudulent practices. Use of data science and analytics helps the financial market in identifying and curbing violation. Data Science and analytics is also used in analyzing to detect irregularities, and also maintain the customer data and to reduce financial risks.

Travel: While every other industry is utilizing their customer’s data for personalized merchandise offering, travel industry takes it further to what they called a targeted-personalized product and service offering. In depth 360-degree view of the customers, as well as a multi-layered data analysis across all possible touch-points benefit the companies for identifying most-valuable customers, cross-sell products of partners, and advance customised products and services to its customers.

Government: Not especially an industry, but it does find a place in this list because of a large amount of available data, and increased usage of technology for improved governance in the recent times. Data Science spans crosswise various purposes such as improving defense systems, restricting cyber-crimes, ensuring the security of sensitive information, making superior financial decisions, and predicting natural disasters.

Insurance: The insurance sector has taken a step forward to combine Data Science with social media, e-commerce, electoral rolls, and even satellite data to grid the consumer information and behavior. It benefits them in predicting trends, improving their pricing policies, offering ultra-personalized schemes, and thus overall improving customer relationship and loss prevention.

Gaming: This industry is on a surge and so is the volume of data it is generated. The products have a comparatively short life span and user involvement is critical. In such a scenario, Analyzing consumer behavior data keeps the key for greater user contentment and offering of personalized products. However, as a depository of sensitive confidential information, the industry is always at risk of data loss and crimes like personality hack.

An Indian Data Science Company, Canopus Data Insights is a leading provider of Data Science Products, Solutions and Services, to clients, from start-ups to large enterprises. It has expertise in generating insights from the raw data and converts it into profitable business outcomes, be it Big Data or traditional data, structured or unstructured.

About the Company:

Canopus Data Insights is a rising Indian Company that specializes in providing outsourced Data Science to clients worldwide.
To know more about their services and extensive work in Data Science, visit their website www.canopusdatainsights.com or call +91 731-2551963.