The Future of Telecom Analytics is AI-driven
Telecom analytics is a type of business intelligence precisely applied and packaged to satisfy the complex requirements of telecommunication organizations. Telecom analytics is intended at decreasing operational costs and maximizing incomes by increasing sales, reducing fraud and improving risk management. Telecom analytic solutions typically extend well beyond what standard business intelligence solutions provides for monitoring and reporting and may contain complex multidimensional analysis and forecasting. Telecom analytics includes data mining, text analytics, forecasting and optimization, and multidimensional analyses, as well as the usage of descriptive and predictive modeling. Analytics is useful to telecommunications in order to enhance visibility and gain real insight into the core operations and internal procedures of the organization, gain knowledge of market situations, spot trends even before they emerge and then found forecasts based on the insights gained. Big data is now playing a major role in this.
Trends in Telecom Analytics Market: The global Telecom Analytics Market is expected to grow at a CAGR of 10.3% during the forecast period 2019–2026.