Development in Communication and Data Analysis

Subject: Management
Pages: 2
Words: 322
Reading time:
2 min
Study level: Master

The creation of a multimodal framework in terms of both managerial and marketing banking patterns provides employees with a better perspective on productivity and quality service.

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When it comes to communication AI data analysis, it becomes evident that both interprofessional interaction and communication with customers benefit from systematization. For example, the framework of banking communication requires an exhaustive number of routine phone calls aimed at either confirming or clarifying transactions. For over a decade, these operations have been performed by a robot who recorded the responses, eventually affecting the communication with customers and making them feel rather irritated by the bank’s inquiries. However, modern innovations in the sphere of AI allow people to speak to a robot that generates a personalized response and increases clients’ satisfaction rates while allowing banking professionals to reconsider resource allocation towards more global enterprise operations.

Another aspect that concerns marketing data and systems allows for a revolutionary perspective on the customer management sector, as employees now have access to a meticulously tailored database of their clients’ profiles. For instance, targeting, as the most widespread and efficient marketing phenomenon of the ongoing industrial revolutions, provides banking employees like me with the ability to become familiar with the social paradigm of banking. The latter currently calls for a shift from the functionality of banking operations toward creating an individualized client experience to secure retaining rates.

The organizational framework in banking allows for the establishment of a productive environment in a setting. It is evident from personal experience related to the introduction of top-down organizational change that secured an understanding of managerial operation on the level of administration. Such an approach allowed employees more freedom and responsibility, which enabled both personal and professional growth. Finally, the introduction of new managing techniques secures innovation and continuous development. For example, the shift toward collaborative management provided me with a new perspective on my role as a team member and my job description.