With the explosion in the amount of unstructured data being gathered in the digital domain, standard BI tools are inadequate. Data Science is a multidisciplinary amalgamation of data inference, algorithm development and technology that are used to resolve complicated business problems. It has the capability of delivering deep, insightful and actionable insights that can dramatically change your business outcomes. The scientifically designed process helps bring up a forensic view of what the data is really communicating to us.
Today, Data Science is as much about the technology used as it is about understanding behavioural patterns. Both technology and behavioural science contribute and are used to differentiate between accurate signals and mere noise.
Data Science today is a combination of mathematical expertise, along with technology and business sensibilities. A data product is a technical functionality that encompasses an algorithm designed to integrate directly into core applications.
Veradata’s Data Science practice is based on proven technologies and insights, and we offer our clients complete oversight into the process of deciphering essential insights into their business. We help companies to build on such findings to improve growth prospects, streamline business and derive actionable insights that will enable informed decision-making.
Our competencies in Data Science domain include:
Web Portals and E-Commerce
We help companies improve consumer engagement, to acquire, serve, retain and re-induct customers ease. We help improve the average revenue earned per consumer through recommendations’ technology and strategies to collect the right data and make personalised offering per consumer.
Online Advertising, Marketing
We leverage data insights to deliver the appropriate, timely message to the customer. We ensure companies collect, leverage and utilise data to successful target customers to increase revenue per user. We also create advanced strategies to monetise insights and improve ROI for advertisers.
In a fiercely competitive modern retail, collection, processing and analysis of data can lead to developing predictive models that enhance response rates across parameters. Veradata has the expertise, experience and framework to help retail customers maximise their ROI on spends in these activities.
Financial Services for Banks
Banks, Credit Card companies, and financial institutions need to increase the usage of their cards/loans and advances while reducing risk and avoiding losses. Veradata assists in Accurate Credit Risk scoring, managing credit and operational risk while minimising chances of fraud and money laundering.
Machine Learning & Deep Learning
Recent advancements in AI, machine learning and deep learning, make it the tools of the future. These software's “learn” without explicit programming, and discover patterns in Big Data unequalled speed. Veradata helps companies to leverage the potential of the machine and deep learning to their benefit.
Today, leading global brands are turning to AI Rich Chatbots to deliver personalised experiences. At Veradata we help clients build intelligent chatbots that learn from conversations and adeptly handle any and every situation that comes along through accurate awareness and knowledge of needs.