iNM Volume 8 | Page 19

INM MAGAZINE VOLUME 8 | FEBRUARY 2016 #Analytics PURSUING EXCELLENCE THROUGH ‘BIG DATA' Revanth Vishnuvajhala Batch: 2018 NIT, Surathkal “In God , we trust, all hers must bring data” -W. Edwards Deming, American Engineer A nalytics is now being used for everything varying from talent acquisition to engagement. It has become a world-wide trend. India must shoot ahead right into being the foremost country with analytics and let the others follow. However, what more does the next generation customer engagement demand for these telecom operators? It is all about knowing each and every individual availing a particular service, rolling out customised offers to them and seizing opportunities in a timely manner. The focus is no longer merely on providing seamless connectivity, but on analysing and predicting customer usage patterns, optimising customer costs by providing tailor-made services. The 3 reasons for telecom companies to invest in the rapidly changing analytics technology in the future will be: · Deliver smarter services and build smarter networks · Generate new revenue streams · Drive consistent and high quality customer experience. Analytics is no more a buzz word, it's rather a necessity for every organization. The emphasis is on analysing large data to forecast consumer behaviour and provide quick insights at crucial decision points. BIGGER DATA, SMARTER TELCOS Telecom operators are increasingly adopting analytics across several functional areas to undertake innovative measures for the following 3 reasons: · · · Offer personalised customer engagement Reduce churn Increase average revenue per user “The emphasis is on analysing large data to forecast consumer behaviour and provide quick insights at crucial decision points. “ 01 14