The Business analytics course importance is immense these days. The telecom companies can increase profitability by creating a predictive modeling for identifying potential churn candidates and non-revenue earning customers; and can increase revenue and profitability by targeted campaigning and promotional offers which will not only retain these customers but also convert the non-revenue earning customers to profitable revenue earning customers.
It paints a picture of how much money the company has, how much it owes and how much money other organizations owe it. So, it is a summary of how dependable and how safe it would be to invest in. When this objective is achieved, it becomes a little easier to assess the future financial plans of the organization.
There are several challenges when a business intelligence solution is implemented in a huge scale of millions of customers. It is generally an area of data scientist and data analysts who build predictive data models using the advanced algorithm, regression analysis, time series analysis, decision tree.
A rising gross margin indicates that trading and marketing activities are doing well, whereas a rising net margin indicates that the company is managing its expenses and day-to-day operations efficiently. Mathematicians, economists, software programmers and business analysts can also consider getting certification training for Data Analysis as this can improve their career, job profile and pay scale.
There is also the involvement of IT. The technological infrastructure and the tools need to be in a position to handle the business needs as well as the data analytics process to maximize effectiveness. Pay on page placement is a cost-effective marketing strategy, where you can approach an advertising company for marketing your product.