Author: formcept

Customer Clumpiness: Here’s How FORMCEPT Can Help Your Business Stay Ahead of the Game with New Age Customer Analytics

Customer Clumpiness: Here’s How FORMCEPT Can Help Your Business Stay Ahead of the Game with New Age Customer Analytics

Customer Churn: Is There a Method to the Madness? When it comes to customer loyalty, churn and recurrence, traditional businesses usually have a basic cause-and-effect approach. This is derived from established consumer behaviour principles. Hence, they have a relatively predictable model for estimating customer lifetime value (CLV). However, the story is different for new age …

+ Read More

Analytics – the Game Changer in the Evolving Life Insurance Sector of India

Analytics – the Game Changer in the Evolving Life Insurance Sector of India

In our previous article, Transforming Indian Insurance Sector with Data Analytics Edge, we explored how the Indian insurance sector can transform its customer acquisition, customer retention and share of customer’s wallet by adopting advanced, actionable analytics. In this article, we will zero-in on one of the most competitive segments of the insurance sector – the …

+ Read More

Is the Future of Indian Banking Dependent on Actionable Analytics?

Is the Future of Indian Banking Dependent on Actionable Analytics?

Introduction Growth Challenges to Indian Banking Sector With the current 26 public sector banks, 25 private sector banks, 43 foreign banks, 56 regional rural banks, 1,589 urban cooperative banks and 93,550 rural cooperative banks,1, India is poised to become world’s third largest domestic banking sector in the world by 20502. However, in the face of …

+ Read More

Transforming Indian Insurance Sector with Data Analytics Edge

Transforming Indian Insurance Sector with Data Analytics Edge

Insurance Industry – A Late Adopter to Analytics With India’s insurable population projected to reach 750 mn1 in 2020, the insurance penetration still hovers below the world average (3.9% against global average of 6.3% in 20132). However, the woes of the industry are far more than just that. Lurking behind steep growth are burgeoning customer …

+ Read More

Unlock Insights to Boost User Experience Online

Unlock Insights to Boost User Experience Online

FORMCEPT has achieved pioneering position in extracting in-depth insights from piles of data. An interesting testimony to the degree of our influence in data analytics solutions space is our recent collaboration with ESPN Cricinfo to deliver a data analytics solution on our patent-pending platform that coincided with Cricket World Cup 2015. The solution for one …

+ Read More

Gen-next of resumes : From standard text to visual infographics

Gen-next of resumes : From standard text to visual infographics

Earlier this week, veteran HR executive, Lee E. Miller in his column for NJ.com, noted how visual resumes will dominate the next big wave in the recruitment industry. With recruiters starting to see more visual resumes, candidates are considering to traverse that path and catch the attention of recruiters by turning to infographics over textual …

+ Read More

Data Analysis should be your Compass

Data Analysis should be your Compass

Imagine that you are going from a well-known location- Point A, to an unknown location- Point B. Along your journey, you are referring to a GPS based navigation system and deciding how to proceed in a particular direction. In this scenario, there are can be two possibilities: You might know how to reach Point C optimally …

+ Read More

Big Data Tech Conclave 2013 – Part-2

Big Data Tech Conclave 2013 – Part-2

In the previous blog, we discussed how FORMCEPT addresses the “Data Infrastructure Issues” using its MECBOT platform. In this blog we will take you through two real customer use-cases and show how enterprises can leverage MECBOT to solve the business problems. Use Case 1: Loyalty Analysis and Targeted Promotional Campaign Data Sources Goal Bank Statements and Bills (PDF …

+ Read More

Big Data Tech Conclave 2013 – Part-1

Big Data Tech Conclave 2013 – Part-1

Leaders from around the world gathered at the “Big Data Tech Conclave 2013 Winter Edition” marking the success of the event held on the 6th and 7th December 2013 at Bangalore. FORMCEPT was associated with the global conclave as an endorsing partner. The 2-day event hosted back-to-back inspiring session around the deluge called Big Data. It …

+ Read More

FORMCEPT featured at TechCrunch Bangalore

FORMCEPT featured at TechCrunch Bangalore

For the first time ever, TechCrunch International City event arrived in India and was held in the tech-hub Bangalore spanning across 2 days (November 14 – 15, 2013). FORMCEPT was featured among 50 startups selected from hundreds of entries for Pitch Presentations. The event showcased these startups launching their products before a live and online audience, …

+ Read More