A write up by West Monroe shows that COVID-19 has shown an inclination towards investment in technology. Statistics show that more and more C-suite executives are adopting data analytics platform and machine learning.
While this sudden lift wasn’t the least bit surprising, the explanation for this is often still unclear. Data analytics platform has always been a key factor, and with work from home environment, it’s even more so now. Let’s see how data analytics progressed with COVID-19. Don’t delay your career growth, kickstart your career by enrolling in this Data Analytics Course in Hyderabad.
ANALYTICS FOR BUSINESS MANAGEMENT
COVID-19 pandemic demands an intelligent business approach. With companies running in loss and struggling to survive, the standard business approach reached very cheap during this pandemic. With employees engaging from home, variations in customer’s buying practices, the requirement for intelligent retrieval became urgent.
Even during this crisis, there’s just one thing that companies can survive on-data. Data never lies. It can save us from disasters and help in future growth. Data analytics play a key role in sustaining business. It designs a layout for long run plans. It can help accelerate growth and predict the subsequent steps. The new approach with data analytics provides real-time perception to all or any operational processes. Wish to pursue a career in data analytics? Enroll in this Data Analyst Course fees in Pune to start your journey.
BUSINESS CONTINUITY PLANNING WITH INCOMPLETE DATA
The COVID-19 infected industry required a Business Continuity Plan (BCP) to urge started again. For this, businesses had no other choice but to show to data to survive, but they faced another issue. the dearth of knowledge or data in real-time made the situations worse.
The companies and businesses had to develop a mechanism to access up-to-date and accurate data to stay up. Some faced failure, while others took the fast follower approach to implement data collection strategies. Many took this chance to develop a sustainable platform to be prepared for any crisis in the future. Pursue a career in Data Analytics with the number one training institute 360DigiTMG.
DOING BUSINESS WITH DATA ANALYTICS
With high-quality data in hand, the industry is halfway through to resolve its problems. Technological growth enhancement within the industry has include ample benefits. Here could be a list of industries which bloomed with the advancement in data and analytics platform.
E-learning industry: the globe is now digitally connected. Virtual meetings and classrooms are the new normal for all folks. With the assistance of knowledge and analytics platforms, the e-learning industry became the fastest growing industry during this pandemic. the globe has seen many big corporate houses invest in e-learning, e.g., IBM, Google, TCS, etc.
E-commerce industry: a pointy incline was observed in online shopping during the lockdown. because the people couldn’t go outside, they ordered online. But not all e-commerce stores were successful. those that used data analytics to research their customer’s needs and demands bloomed during the pandemic. Kickstart your career by enrolling in this Best Data Analyst Course in Chennai.
Banking industry: The industry had always used data for its functioning. Data analytics helped the banking system to utilize its data efficiently and increases its customer base. As per the studies, the industry was the fastest recovering industry during the pandemic because it had used data and analytics platform for his or her data collected over the years.
Telecom industry: This industry works on user data, increasing and evolving with every passing second. The larger the database, the higher the possibilities of growth. The telecom industry, which already used data analytics, showed great advancements during the pandemic. Also, check out this Data Analyst Training to start a career in Data Analytics.
The world has changed plenty during this pandemic. Some businesses evolved with time and survived, while others faced the tough reality. Data and analytics platform became an opportunity of survival for the industry.
Wish to pursue a career in data analytics? Enroll in this Data Analytics course in Bangalore to start your journey.
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