Finalytica July, 2020: Latest Happenings

  • Infoholic’s market research report on Customer Journey Analytics Market business opportunity, and growth predicts that the global customer journey analytics market will grow at a CAGR of 21.6% during the forecast period. The market for customer journey analytics is driven by increasing demand for offering personalized experiences to customers, understanding the journey from the customer perspective, knowing about the conversion rate, and creating a long-term, healthy, & profitable relationship with customers.
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Finalytica June, 2020: Latest Happenings

  • As per a report by Globe news wire, the Fraud Detection and Prevention Market to Reach USD 110.04 Billion by 2026. The global fraud detection and prevention market size is expected to gain momentum owing to rising need to prevent online frauds and monetary loss across the globe.
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Finalytica April 2020: Latest Happenings

  • Inspite of the current scenario, the surge in demand for data science services in various fields with market researches estimating its potential growth in the near future. According to a market report as per analyticsinsight, the big data market is projected to reach US$103 billion by 2027, up from US$49 billion in 2019.
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Finalytica March, 2020: Latest Happenings

  • In future, AI will curb the next pandemic. Currently the world was not prepared for COVID – 19 kind of pandemic..AI can play a huge role in predicting an outbreak and, also minimising or stalling its spread. AI algorithms can help mine through news reports and online content from around the world, helping experts recognise anomalies even before it reaches epidemic proportions.
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Finalytica Feb, 2020: Latest Happenings

  • Forrester came out with its recent report on Predictions for 2020 – On the Precipice of Far-Reaching Change. Some of the key highlights as per the report are:  Advanced firms will double their data strategy budget, more than 55% of consumers will consider company values when making a buying decision, the top 10% of CMOs will broaden their role in the name of customer value, CIOs will automate 10% of their IT tasks and look to upskill everyone, 80% of enterprises will recognize the threat of automation islands and set up strike teams, the number of CX executives will grow by 25%, Privacy class-action lawsuits will increase by 300% and though overall VC funding will plateau but not in every market.
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Finalytica: Latest Happenings, Jan 2020

  • According to a report prepared by an edtech firm, India is expected to see 1.5 lakh new job openings in data science in 2020, which from last year, is an increase of about 62%. A majority of these jobs would preferably be for professionals with less than five years of experience.
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Finalytica: Latest Happenings, Dec, 2019

  • According to a market report, the Supply Chain Big Data Analytics Market is expected to register a CAGR of over 17.31 percent during the forecast period 2019 – 2024.AI-enabled NLP scans through the supply chain documents like contracts, purchase orders, chat logs with customers or suppliers and significant others to identify commonalities which are used as feedback to optimize SCM as part of continual improvement.ML helps people manage the flow of goods throughout the supply chain while ensuring that raw materials and products are in the right place at the right time.
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Finalytica Nov-2019: Latest Happenings

Latest Happening: Nov 2019

 

  • As per the reports by Analytics India Magazine, the overall adoption of Analytics & Data Science at large Indian firms is around 70%. In other words, 70% of all large firms in India have adopted analytics in some form.
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Finalytica, October 2019: Latest Happenings

  • While India has also joined several other countries in the world in demanding data localisation which implies that that data or a copy of it should be hosted on local servers or restrict transfer of data outside national borders including the banking regulator RBI or the draft Personal Data Protection Bill, 2018 (PDP Bill).
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Finalytica July, 2019: Latest Happenings

The Big Data and Analytics industry has gone through major disruptions in the last five years. Analytics & Data Science Industry in India 2019 As per a study by Analytics India magazine with Praxis Business School.… Continue reading

Finalytica June, 2019: Latest Happenings

  • As per a study done by Microsoft and IDC, AI will double the rate of Innovation and employee productivity in Indian enterprises by the year 2021. While only one-third of Organisations in India have embarked on their AI journeys, those companies that have adopted this technology expect it to increase their competitiveness by 2.3 times in 2021, said the study that surveyed 200 business leaders and 202 workers in the country.
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Finalytica May, 2019: Latest Happenings

  •     India has beaten China as the leading Fintech startup hub in Asia by attracting a larger volume of investments in the first quarter of 2019 revealing the contrasting environment in both the countries from an investor and regulatory point of view.
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