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Digital Analytics Solutions Market - Adoption of Advanced Technologies by Enterprises is Expected to Grow

09-11-2018 10:33 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Transparency Market Research

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Digital analytics solutions and services are required for digitization of customer-facing organizational systems. Digital analytics is used to determine customer actions and trends. Digital analytics describes a set of business and technical activities that describe, produce, gather, verify, or transform digital data into research, reporting, optimizations, analysis, predictions, automations, and insights that generate business value.

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Tracking and evaluating a customer’s digital journey can help enterprises in understanding customer behavior, experience, expectations, and sentiments. This analyzed data is significant to organizations in engaging and creating value for their customers.

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According to Forbes, around 15% of Fortune 500 companies are using Big Data analytics and yet, the amount of digital information generated by companies continues to grow exponentially. Many corporations are adopting Big Data and cloud computing platforms to manage their business operations. Such rise in adoption of advanced technologies by enterprises is expected to contribute significantly to market growth during the forecast period.

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Enterprises are focusing on understanding their customer base in order to gain competitive advantage in the market. Brands can improve upon their products and also build better marketing strategies, based on the data provided by the digital analytics tool. Furthermore, with the advent of Big Data, there is rising demand for digital analytics solutions by enterprises.

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Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

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