Thursday, July 7, 2022
National Skills Network
  • Home
  • Skill Story
  • Skill Talk
  • News
    • Events
    • News digest
    • NSN Newsletter Archives
    • NSN PDF Newsletter Archives
    • Other Newsletters
  • Resources
    • How To’s
    • Reports
    • E-books
    • Learning Videos
    • Upcoming webinars and virtual events
  • Skill2Jobs
    • Employability Skills
    • Apprenticeships & Internships
    • Jobs
    • Projects
  • About us
    • Our Team
    • Our Clients
    • Our Services
    • Advertise with us
  • Success Stories
No Result
View All Result
  • Home
  • Skill Story
  • Skill Talk
  • News
    • Events
    • News digest
    • NSN Newsletter Archives
    • NSN PDF Newsletter Archives
    • Other Newsletters
  • Resources
    • How To’s
    • Reports
    • E-books
    • Learning Videos
    • Upcoming webinars and virtual events
  • Skill2Jobs
    • Employability Skills
    • Apprenticeships & Internships
    • Jobs
    • Projects
  • About us
    • Our Team
    • Our Clients
    • Our Services
    • Advertise with us
  • Success Stories
No Result
View All Result
National Skills Network
No Result
View All Result

5 ways Telecom sector is leveraging Data Science

by Pratyusha Tripathy
September 12, 2020
in Skill Talk, Training partners

New-age technologies are rapidly disrupting the landscape of almost every industry and the telecom sector is fast embracing these changes for business growth and customer delight. The advancement of technology is making the world a global village. Thanks to these disruptive technologies we feel connected to our loved ones even if they are miles apart. With the increasing connectivity, the data generated each is on a rise and needs to be handled smartly. 

By using Data Science, telecommunication companies are improving five crucial areas of their services. 

  1. Product development
  2. Predictive analytics
  3. Price optimization
  4. Fraud detection
  5. Targeted marketing

Product development

Product development is very complex and crucial for the Telecom industry and it needs data-driven management from concept development to ongoing life-cycle management and maintenance. Telecom companies use smart data solutions to ensure the quality of the product according to the customer’s requirement. Data-driven product development processes are being used to meet the customer needs and to implement digital analytics, internal feedback and marketing intelligence.

5 ways Telecom sectorPredictive analytics

Telecom industry performs predictive analytics on the data collected to gain the insights which help them become faster and better. It also helps the industry to take data-driven decisions. Predictive analytics uses historical data to predict customer behaviour which is crucial for the better understanding of customer preferences.

Price optimization

Price optimization is a crucial factor for companies in the Telecom sector as the competition is increasing by the day. Right pricing plays an important role when it comes to increasing and retaining users. Advanced Data Science solutions are being used for the real-time analysis of various aspects which helps them in setting the optimal price of products according to their customer preferences.

Fraud detection

The Telecom industry is prone to fraudulent activities which has a direct impact on the service provider and customer relationship. The most common fraudulent activities in the Telecom industry are unauthorized access, fake profiles, misuse of credit/debit card information, etc. It is crucial for the industry to use fraud detection systems, tools and techniques in order to keep fraudulent activities at bay. The industry is using various machine learning algorithms and fraud analytics for detecting unusual user activities.

Targeted marketing

The Telecom industry is leveraging Data Science to a greater extent to predict the customer behaviour and to know their preferences for targeted marketing. Targeted marketing is essential when it comes to maximize customer satisfaction and revenue generation. Telecom companies also do location-based promotions with the use of Data Science. The companies detect the real time location of their customers and send them promotional texts.

The huge amount of data available in the Telecom industry is being used to get valuable insights with the intervention of Data Science technologies and solutions. The insights are used for various purposes such as:

  • Revenue generation and maximizing the profit
  • Planning efficient business and market strategies which are more personalized
  • Data visualization and performing data transmission
  • Maximizing the customer satisfaction

Also read:4 Reasons: Why a career in Data Science is very lucrative  https://www.nationalskillsnetwork.in/4-reasons-why-a-career-in-data-science-is-very-lucrative/

Telecom industry serves billions of people each day generating massive amounts of data. Data Science is providing humongous opportunities for the industry to smartly use the huge amount of data that is available. The industry is in demand of certified and skilled Data Science experts who will be able to handle the massive amount of data properly. 

Author: Purvi Shah | Senior Director | Talent Sprint | For more information please visit: https://talentsprint.com/

Tags: Data ScienceData Science in Telecom industryFraud detectionPredictive analyticsPrice optimizationProduct developmentTalentSprintTargeted marketing
Previous Post

3 tips to make online skills training impactful

Next Post

HR Presidents of top companies join LSSSDC governing body

 

Next Post
HR Presidents

HR Presidents of top companies join LSSSDC governing body

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Subscribe to our E-magazine and newsbytes

  • Trending
  • Comments
  • Latest
Siemens Technical Academy STA

Siemens Technical Academy (STA), Mumbai – German Dual VET transforms the lives of youth in India

October 8, 2018
10 best online learning portals in India for students and teachers

10 best online learning portals in India for students and teachers

June 26, 2020
BSNL certified vocational internships

BSNL certified vocational internships for engineering diploma students

May 25, 2020
Skill development government schemes in India

Top 10 organizations, missions and schemes for skill development, livelihoods and gainful employment

May 29, 2016
Siemens Technical Academy STA

Siemens Technical Academy (STA), Mumbai – German Dual VET transforms the lives of youth in India

284
Pradhan Mantri Kaushal Kendra PMKK

Pradhan Mantri Kaushal Kendra – PMKK

98
Recognition of Prior Learning RPL

Recognition of Prior Learning – RPL

81
B.Vocational Degree

B.Voc Degree Courses: What do they offer and who can apply?

79
How skills and entrepreneurship can enable sustainable livelihood

How skills and entrepreneurship can enable sustainable livelihood

July 6, 2022
NSN weekly newsbytes- 05072022

NSN weekly newsbytes on skills, education and training- 05072022

July 5, 2022
NSDC collaborates with Auxilo Finserve

NSDC collaborates with Auxilo Finserve to support funding for skilling

July 4, 2022
MHI collaborates with MSDE

MHI collaborates with MSDE to boost capital goods sector through skill development

July 3, 2022

About us

National Skills Network (NSN) captures and shares the positive impact of various training, skill development and vocational education initiatives in India.

To know more about Our Team: Click here

Follow us

Address

National Skills Network – NSN
NSN Digital Solutions Pvt Ltd.
c/o NSN Media Services
Launchpad, Center for Innovation and Entrepreneurship (CIE)
IIIT, Gachibowli, Hyderabad – 500032
Email us: contact@nationalskillsnetwork.com

Subscribe to our E-magazine and newsbytes

  • About us
  • Privacy Policy
  • Advertise with us
  • Contact

Copyright © 2022 National Skills Network - NSN

No Result
View All Result
  • Home
  • Skill Story
  • Skill Talk
  • News
    • Events
    • News digest
    • NSN Newsletter Archives
    • NSN PDF Newsletter Archives
    • Other Newsletters
  • Resources
    • How To’s
    • Reports
    • E-books
    • Learning Videos
    • Upcoming webinars and virtual events
  • Skill2Jobs
    • Employability Skills
    • Apprenticeships & Internships
    • Jobs
    • Projects
  • About us
    • Our Team
    • Our Clients
    • Our Services
    • Advertise with us
  • Success Stories

Copyright © 2022 National Skills Network - NSN

loader