An organisation’s most valuable resource is not data but the ‘critical thinking’ ability to make the most from the existing data. Several organisations are using data-driven analytics to transform their business operations.
With analytics being the cornerstone of AI, organisations are extensively using predictive modelling-based AI technologies such as machine learning (ML) and deep learning (DL) to efficiently devise credit strategies.
Moving sales, marketing, and credit operations to digitalised platforms, organisations are looking to boost their business performance and growth, improve efficiencies, reduce operational costs, improve stock management and reduce inventory, improve credit management, and maximise customer value.
Leveraging cutting-edge data analysis capabilities, organisations are looking to understand market sentiment and competitor strategies, and foresee risks to proactively strategize, innovate, and position itself accordingly in the market. This data-driven approach will help organisations to adapt to the changing market dynamics shaped by technological advancements and stay ahead of competition.
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