In: Economics
UTILISATION OF MODERN TECHNOLOGY IN BUISNESS
1) In todays society there is many oppurtunities of technology for development.thus it should to utilised in modern business for increasing customer satisfaction.and callminer system is very usefull for the same.the technology used in callminer system helps in understanding customer needs. so it can be useful to satisfy the customer better business.Inorder to acheive business target callminer system will be effective.there are so many business benefits foir callminer system some of them arelisted below.
By the better use of callminer technology customer satisfaction can be improved.
Marketing plan can be accordingly altered.
The better customer service and satisfaction helps to acheive marketing target.
mny companies use varities of technologies for handling customer service in an cost effective and efficeint way
EXAMPLES
Company : Chiltpole -mexican grill
It is a american based restaurent with about 2500 and more branches earlier they were following olden methods of serving food such as self service . But later they increased the number of staffs for improving the speed and report delivery, to acess more data etc .. It had improve their knowledge on customer satisfactuion and their likes. it thus help them to provide better service . the utised the buisness anlytical graphs to study on the buisness around monthly and improved their buisness accordingly.
Company name : COCA-COLA
The company named coca cola enhance their intelligence team for all kind of delivery operations and sales of the comp[any. when they faced challenges in buisness they have started automatic manual reporting processes which helps to save 260 hours ina a year . The report automation helps the co mpany to improve their CRM . it also helped the comapny to improve the public image and their product acceptance.
Company name : RELIANCE
This buisness has a centralised intelligence solution team working 10-20 hours daily. Based on data collected they prepares an annagregate analysis about the overall growth of buisness . they are able to seee an track real time data which means the team can react with cunsumer behavior and optimize marketing campaigns.
CUSTOMER SERVICE TECHNOLOGY
1. SOFTWARE
the customer relationship can be improved and managed in a better way by gathering data tools . (software) .
2. ELECTRONIC MAIL
Mail is an easier and cost effective mode of communication that can be used for a buisness to interact with their lotyal customers . Through email organisations can respond quickly to the various needs and wants of customers .
3. WEBSITES
The customers can make use of organisation websites for making queries in relation to the product and service offered by the company.
Ability of callminer to evaluate and analyse survey responses ,chat emails,and other communication details with higher visibility of intelligence helps in agile redaction,communication comprehensive and search intelligenec too. callminer enhances the function of any organisation to take actions in accordance with the informations for improving sales customer experince marketing business and so on.business enviorment mainly has five dimensions such as economic enviorment, social enviorment,legal enviorment, political enviornment and so on. all these enviorment will be effected by our changing socio econnomic conditions.
In current situation of deppresion in indian economy all the business is affected by aftereffects of global disease ie corona virus.so market analysis becomes relevant to improve business.the business must be capable of performing in accordance with the cahanging economic condition for better profit.now it is a era of techology which efficiently uses data in every fdield to improve business in every aspect.business analytics is an rising field in data storage an analisation which aims to develope business. We are currently facing issues in COVID -19 such as buisness depression in fuel companies , electronics and mostly in every every fields . inorder to have a glowing future we now have to analyse the situation and to study the oppurtunities at this time . it is fuond that mobile companies have improved their buisness in lockdown time. so better data analysis in every field just helps to improve the buisness surruondings at current situation. . for example,for banks can analyse credit account customers transactions to study about the financial stability and make use of this knowledge for other purposes. business analytics (BA)refers to evrey technics utilised by any organisation to measure it performance. statistical methods are also adoptd for this.business intelligence analyses the current issues and the methods aadopted for solving it in the past. so many benefits involves in business analytics -
Helps to solve business issues and to face challenges
Better decision making in accordance with the situation
The correct tranferring of information
Reduction in cost
decisions can be improved
Along with many advantages there are some challenges in this technique such as in appropriate statergy for implementing in business, data integrity complication in maintenance etc. improved business performance and identification of oppurtunities can be done through BA proces. there are many organisations take decisions and important statergies that should be adopted in business are selected throgh this process. mainly solving problems . It explores providing useful methods for solving problems and oppurtunities. Buisness analytics find trend path for giving a clear definition inorder to find organisation oppurtunity.Thus decision making is a primary step in BA process. Thus it can be said that it helps in processes and support for decision making capacities and skills.The practice followed by an organisation by definig reccomending solutions and needs that deliver the value of stake holderts is known as buisness analysis. The goal of BA is to anable better and right change for buisness . The great buisness analysuis is all about facilitating buisness.
decision making is thus crucial for a buisness for its improved performance or in overcoming challenges. better decision comes from proper analysis of data and better data knowledge on the specific field. As the initial step we need to decide what oppurtunity we are giong to go after solving problem. some of the tips for better decision and sucess of buisness are listed
a) we need to keep errors in mind and learn from mistakes a buisness person need to learn systematically from the way of development and practice the same .it becomes easier to make buisness decuisions
b) Be open to change according to changing enviormental situatuions .never stuck with old cultures and values prevailed in society. try to adapt new socio economic conditions and make changes accordingly for growth of buisness.
c) BA helps to analyse market treends and thus we can add valuable insights to the problem . great buisnesses observe the market continuosly for understanding it and for planning how to react with them.
In all levels of management the same method should be followed for improving their function(top level, middle level, lower level) The analysis of market helps to segment the customers targeted by the product whose concern about high quality products .