Industries

Business Intelligence and Data Science is expanding its ways towards industries, as businesses are growing meanwhile its operation are becoming more complex and so as its data, to manage your data and utilize it up to the mark requires knowledge skills and ability. To tap into the insights, to improve and maintain operations and performance of the manufacturing industries you need to manage or utilize the corporate data. It includes customers, suppliers and inventory databases.

Big data and analytics is maybe a new thing for other industries but it’s an old story for the oil and gas industry, as it is used for years in the oil and gas industry, a research shows that executives that have better analytical skills are five times more productive and fast decision makers than those who don’t have any analytical skills. This industry has invested in data software, visualization tools for years which helped them in collecting data and transmit it into useful information.

Technology has changed the financial sector a lot, especially when we talk about banking sector. BI and data science help bankers to understand the customer’s needs wants. At the same time technology has also given the rise to the powerful business intelligence tools which measure the risk and lead to the smarter management practices. Business intelligence improved the Marketing, Production, Customer Retention, Investment strategies in banking or finance sector.

Business intelligence is playing a vital role in government or public sector by providing bigger and clearer view of situations around the country. By utilizing business intelligence dashboards government agencies have a better idea of how to increase its efficiency, cut waste and monitor budgets. Not only in finance sector, business intelligence also helping government in controlling crimes by visualizing the crime reports.

When talk about defense nothing comes first, data and analytics respond in real time to help the agencies and military professionals evaluate the security situation of a country. Data analytics offer a defense solution to the military and intelligence agencies while keeping the data secure and balancing the privacy. Through visualizing the data military forces can identify the threads and investigate the situation on time.

Like some other sectors data science is helping out people in healthcare sector, in this specific sector, data has helped in research, in finding new ways to cure the diseases. Data is used in healthcare to avoid the preventable deaths. Decision driven data can predict a diseases before its arrival or at its early stages. And by utilizing the available health data medical professionals can provide patient-centric care, reduce the fraud and real time monitoring of patient’s problems.

Data science will revolutionize the education sector by identifying the behavior of students and changes in the study patterns and data can also help in finding the interest level of students in different field of studies, universities are experimenting by designing programs for each individual student based on their available data. Access to the data can help student in learning their goals and strategies.

When we talk about the data and telecom sector then it’s not false that telecom sector is sitting on gold mine, as they have huge amount of user data. Which they use to find the customer behavior and preferences, they can easily predict the heaviest usage times. In Pakistan’s telecom sector data has proved in the past decade that data is playing a vital role in driving more traffic and more profit to the telecom sector.