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Customer Data Analysis Model Using Business Intelligence Tools in Telecommunication Companies

Business intelligence software is the most important technology in the telecommunications industry. It can help you gain deep insights into your customer, find new opportunities and make cost-saving business decisions. Business intelligence software improves overall decision-making capability by integrating data from multiple sources. It helps organizations establish precise marketing plans, understand customer behavior and develop new products by providing deep analytics for customers and stakeholders.

Consumer purchase decision and the influence of e-marketing- Discuss the case study of India.

A million-dollar question: "Is online shopping really so appealing to consumers in India that they will continue to do so even when the promotions are gone?". In terms of internet traffic, India is the largest e-commerce market with 150 million visitors per month, followed by China with 124 million visitors per month. With a growing middle class and the growing popularity of online shopping, it is predicted that Asia will surpass North America and Europe as the largest e-commerce market in 2019. To understand the needs of an industry, you need to deeply understand its market. According to some reports, India is the second largest market in the world with $90 billion annual turnover in the offline retail sector compared to $79 billion in the global e-commerce industry. However, even though the Indian ecommerce market is growing rapidly and there are nearly 100 million users on mobile phones across India, it only accounts for 5 percent of total retail industry sales.

Study the influence of multinational trade agreements on the growth of developing economies.

The government has also long-term plans to promote foreign investment and market reform, so that it will still be easier for Vietnamese companies to access international markets. The FTAs with 10 countries help Vietnam open the market and reduce barriers to national development. The EVFTA agreement signed on February 18, 2019 is expected to open a large market for Vietnamese people and products in European countries, especially in Germany, France and Belgium.

The Most Noteworthy Consumer Behavior Changes When Shopping Trendy vs. Mainstream Products

As the world has locked down to combat the dreaded pandemic, it has done so in conjunction with a massive drop in consumer spending. In fact, over the past few months take up of common household goods have dropped by 22%. This is a particularly concerning finding as it suggests potential market penetration for brands aiming for high levels of growth. This year's global consumer sentiment index has been a rollercoaster: we saw one of the lowest levels ever recorded, while the second quarter of 2020 was actually the most optimistic period in history – and we’re expecting another downward shift in 2021. With that said, things are starting to look up for the rest of 2020 – here are all 5 consumer trends you need to know, to help you plan your marketing strategy for the rest of 2020 and beyond.

How to Price and Position Products or Services for Marketing Effectiveness

Product pricing is a rather complex process and requires careful study. To base this on the consideration of factors such as costs, sales and marketing, it is necessary to carry out a series of calculations in order to calculate the price. Generally, it takes into account how much money has been spent in production, personnel and marketing costs, but also the profit margin should consider. Although there are a lot of strategies to position your business and differentiate it from its competitors, product positioning is one of the most important ones. Product positioning is the process of creating a brand's identity by positioning a product or service in relation to other products or services on the market.

Will Artificial Intelligence Replace Computational Economists Any Time Soon?

As firms invest heavily in AI and other technologies to help train data scientists, some economists worry they will find themselves redundant. But a counter-argument is that even though AI can automate some duties of economists, the information set on which the AI models are trained – mainly based on decades of economic thinking and policymaking – has been developed by human economists, and AI cannot substitute for that. Regardless of the reinforcement learning models, -unsupervised or using Reinforcement Learning (RL) algorithms – that can boundlessly search, iterate and artificially test the possible relations among the infinite set of variables (economic and noneconomic) – beyond the theories developed in the literature – can detect new relations or optimal policies. This will lead to the formation of a complete set of AI-developed theories, or a significant revision in the “old pre-AI economics”. The question is, what will happen after that, when the community of ai economists replaces human economists? And how or whether it can be shaped?

What Are the Impacts of Artificial Intelligence on the Creative Industries?

As the AI revolution continues, it has been widely predicted that the artistic domain will soon be completely overtaken by machines. In fact, there's already some solid evidence that creative industries such as music, advertising and even film are being transformed by AI—and not just in terms of how we interact with them but also in how they are derived from our interaction with them.

Exploring the Impact of Artificial Intelligence: Prediction versus Judgment

Humans use the predictions to make decisions. The new classical economics can be described as a theory of exchange, wherein a community provides individuals with the optimal locations and requirements for their activities, so that the required inputs are located close at hand, however their desired outputs are not where they are produced. Decision-making is about the most challenging aspect of human life. That is why you can find so many different kinds of decision-making tools in modern businesses. However, with the rapid increase in big data analytics and artificial intelligence technology, AI is gradually becoming a trend which is being adopted by a large number of companies around the world.

Acquisition of new customers vs retaining existing ones, which one is more challenge?

Majorly, customer retention and acquisition are the two types that can affect business sustainability and growth. Any business relies on the efficacy of its employees and the loyalty of its customers.