Question

How do banks use visual analytics?

Answer 1

Visual analytics is basically the science that is capable of dealing analytical reasoning combined with interactive visual tasks. It can mainly deal with problems where the size, level of complexity and requirement of interaction is combined setup of human and machine analysis can also take place in the otherwise direction.Implementing visual analytics it will help to withhold the latest trend in the field of data and science and to grow in more successful trajectory. Handling the current trends and core relations between the fields of data it will help to make a proper survey on it and based on that it a correct analysis can be done to take more decisions in the future. This will help the business to run smoothly and to plan how it can grow in a more wider way for the upcoming competitions that they are going to face.

• In banking, Visual analytics can help in dealing data mining in the banking field is very much helpful to grow the bank segments, where the fields of target they need to attend, they need to understand the policies and the plans of interest a bank should deal with and how to exactly retain more customers for the future. It helps in improving the risk management, build strong customer relationship ,overcome the risk and the security issues that a bank can get to actually get and handle and grow for a more profitable business.

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