BDO BANK

) Banking

Statistics plays an important role in banking. Banks make use of statistics for a number of purposes. They
work on the principle that everyone who deposits their money with the banks does not withdraw it at
the same time. The bank earns profits out of these deposits by lending it to others on interest. Bankers
use statistical approaches based on probability to estimate the number of deposits and their claims for a
certain day.
Read more: https://www.emathzone.com/tutorials/basic-statistics/importance-of-statistics-in

-different-fields.html#ixzz7r1aMO4Xj

Weather Forecast (PAG-ASA)

In simple terms, statistical forecasting implies the use of statistics based on historical data to project
what could happen out in the future.

Weather forecasting is an important piece of information which we must know right? Have ever seen
how the television channels present the data to describe the forecast? Remember the colourful bars or
straight lines or any other shapes? If you know which denotes what; it is pretty easy to understand the
weather forecast.

https://www.pagasa.dost.gov.ph/learning-tools/how-weather-forecast-made#:~:text=Meteorological
%20satellites%2C%20geostationary%20and%20polar,the%20range%20of%20the%20radar.

How is a Weather Forecast Made?

1st Step: Observation

2nd Step: Collection and Transmission of Weather Data

3rd Step: Plotting of Weather Data

4th Step: Analysis Of Weather Maps, Satellite And Radar Imageries And Other Data

5th Step: Formulation of the Forecast

PHILIPPINE AIRLINE

Technology is changing how businesses are conducted across several sectors and industries. This also
affects how businesses connect with their customers and make business decisions. Data analytics is a
business culture that's here to stay. And in this case, a culture that has a significant presence in the
aviation industry. It is known that data collection and analysis is a strategy that is used to increase the
overall business efficiency. A survey conducted by Statista in 2018 revealed that about 57% of
respondents mainly use data and analytics in their company to drive strategy and change. Data analytics
has played an immense role in the digital transformation of the airline industry and will continue to do
so.

Just Analytics has built an aviation analytical reporting system that can transform the way your business
is conducted in the world of aviation. From pre-flight to post-flight operations, this involves almost every
aspect of customers' interaction with an airline, starting from ticket purchase, to reservations and
boarding. Hence, data is captured at every point of the customer's journey

As seen above, airline analytics presents at a glance, an overview of the company's core activities and
customer behavior. This overview can be used to predict the future behavior of customers and
ultimately, influence business decisions. By analyzing the airline’s busiest

routes, this can help the company allocate resources and better manage the experience of its
customers. This improves services, boosts productivity, and customer loyalty. The results? More revenue
and reduced operational costs. The benefit of this is massive and it is a smart way to stay ahead of the
stiff competition in the industry.

There are certain unique features that make airline analytics almost indispensable, as highlighted below:

1. Draw insights and make informed decisions

These features inform the expectations of users by drawing insights and making informed decisions.
Performance measurement is one of such features. For instance, an analysis of the highest number of
passengers by categories such as city, type of flight, and route name (shown below) can help airlines
better understand where and why they're doing well or poorly. When it comes to maximizing yield,
airlines use such results and draw relationships to booking, price sensitivity, customers' behavioral data,
customer feedback, or experience data to make informed decisions and develop strategies that build
customer loyalty and increase brand acceptance.

2. Improve customer experience

Another essential attribute of airline analytics is rooted in improving customer experience. Analysis of
customers' booking history, flight preferences, and so on can help airline companies improve their
service delivery. But the highlight of these analytics is the simplicity they offer users. As raw data has
been processed and interpreted managers can see obvious trends; where there are issues and
opportunities to save costs and maximize income. This is what data-driven decision-making entails.
Phil Airline Passengers' data chart/graph