Gis

GIS in backup In todays fast moving world, geographicalal Information Systems (GIS) are becoming an important part of mainstream calling and management around the world, and in may diverse organizations. In recent years, the banking industry has been undergoing drastic changes, reflecting a number of cardinal developments. Significant advancements in communication and information technology speed up and broadened the dissemination of financial information and financial service and alike increased the complexity. Another key impetus for change has been the increase competition among a broad range of domestic and unlike institutions in providing banking and related financial services. Regulations are forcing the banks to adopt stop operational strategies and upgrade their skills. All these are throwing more challenges to banking sector. A client-centric business model can help address these challenges. A banks primary function is to deliver financial services and products to the customers. Banks, today, need to be market driven and market responsive. The mastery of such an institution depends on its approach to data management, customer relation management. Banks manage a world of information almost customers, customer profiles and so much more.

By adding a function called Location to their database, banks can gain enormous advantage in many ways. Long range planning mixed with geographic modeling will yield tangible benefits to the Banking /Financial institutions community. Sectors where GIS in Business 1.Banking 2.insurance 3.Media How GIS can benefit banks GIS plays an important role in divers(a) functional areas of banking in achieving the variant business objectives of banks such as 1.Expansion of Customer base 2.Improvement in prize of the Services 3.Increased Customer Satisfaction 4.Consistent Business Growth 5.Increase in Profitability GIS helps in banks various functional Areas by providing... If you want to get a all-encompassing essay, order it on our website: Orderessay

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