Virtue Analytics

 According to the research published by Michael and Robert in 2008, the cost of college is an essential consideration for students and their parents when choosing an institution. The cost of education, in particular, is a deciding factor for students from economically poor backgrounds. Only 60% of students complete a college degree within six years of beginning their studies. In order to make college affordable for everyone, the government introduced the net price calculator   What is Net Price Calculator?   The net price calculator is a tool that allows students and their families to estimate the cost of attending a particular college. This includes both the direct costs (tuition and fees) and the indirect costs (room and board, books and supplies, transportation, and other personal expenses). To use the Net Price Calculator, students will need to provide some information about their family's finances and academic records.     How is it ben...

Retail is one of the most important industries in today's economy. By using retail analytics, businesses can receive in-depth insights on several topics, including customer buying patterns and preferences, demand forecasting and inventory management, store layouts and market-basket analysis, and price optimization.     Retail scenarios: the power of data and its application There are numerous potential situations for displaying an effective data analytics solution in retail operations, including tailored promotions and experiences, and demand forecasting. Here we are discussing some scenarios where you can use analytics in a retail business to maximize your profit.   Store Layout Planning Retail store layout planning influences the customer experience and improves sales and customer satisfaction. Analytics helps retailers improve the merchandise display and attract more customers.     Inventory optimization Retail analytics tools can hel...

 According to the latest report, insurance businesses will invest $56.97 billion by the end of 2022 in data analytics. This will lead to improved customer service and cost reductions.   The data on insurers has enabled customers to find the best product commensurate with their requirements. The combination of machine learning and technology solutions can help mitigate risks and help companies to better understand customers.         Role Of Analytics In The Insurance Industry   To target clients, insurance firms use data analytics. Accident statistics, policyholder personal information, and third-party sources help to segment people into distinct risk groups, preventing fraud losses, and reducing costs. Here are some scenarios where you can use data analytics in the insurance sector to revolutionize the insurance business.   1. Customer acquisition Everyone generates a large amount of data through their internet activ...

The rise of Fintech, changing consumer behavior, and advanced technologies are all disrupting the financial services industry, including its most visible member, insurance. The insurance industry is poised for a digital transformation of how it conducts business, with analytics capabilities at the forefront.       The use of  data analytics in the insurance industry  is growing all the time.   According to the latest report, insurance businesses are expected to invest up to US $56.97 billion by the end of 2022. Research shows that deployment of data leads to 30 percent improved access to insurance services, 40-70 percent cost reductions, and 60 percent higher fraud detection rates, all of which benefit customers as well as stakeholders. We can safely say that analytics has transformed the insurance industry for the better. Its ramifications have allowed insurers to better target customers and address their insurance needs.     Wh...