In this video, you will know How Industries Uses Data Science & AI Skills.
The segment has increasingly integrated data science in all decision-making processes based on actionable insights from customer data. There are many ways data science and AI can help financial institutions to be more efficient in providing services like:
Lending and loan appraisal management
Securing and managing customer data
Lifetime value prediction
Top Employers are:
2. Media & Entertainment
YouTube, Netflix, Hotstar, etc are some of the big names of this sector. In such a scenario where everything is dependent on data, the media and entertainment industry seeks data scientists who can collect, process, analyze, store, and provide recommendations, and make a desirable impact on the business.
Data science strategies have scaled up the media and entertainment industry through –
Customer sentiment analysis
Smart Recommendations & Personalized Content Experiences
Optimized Media Scheduling
From electronic medical records, clinical trials, and genetic information to billing, wearable data, care management databases, scientific articles, etc., data science has made it easier to manage all the information. Data science has also contributed to designing and evaluating healthcare strategies that improve access, opportunity, and health services quality.
Some of the areas with enormous scope for data science applicability, include –
Recognizing health risks and recommend prevention plans
Diagnosis of diseases
Delivering more precise prescriptions and customized care
This consumer-focused industry thrives on increasing personalization and relevance, with the aim to understand the shopper’s behavior and patterns through data.
Data science in retail helps to –
Analyze people’s past searches and purchases and help them find relevant products
Create a recommendation and personalization system
Analyze customer behavior and market insights
Aditya Birla Fashion & Retail Ltd.
Future Enterprises Ltd.
Reliance Retail Ltd.
Since, subscribers consistently connect to telecom networks through voice, text messages, social media, etc., telecom providers have access to vast amounts of data. Useful classification and utilization of this humongous data have been groundbreaking for telecom companies and have helped them cater to their more extensive range of consumers more accurately.
Data science enables telecom companies to –
Make personalized offers to customers
Allocate network resources
Smarter network deployment
optimization the networks
Bharti Airtel Limited