Sun. Jan 16th, 2022

GIS is now-a-days a really useful gizmo for determination making. At any time when it requires making a call associated to “location”, it involves the phrase ‘GIS’. GIS makes these location associated selections and evaluation very straightforward. It makes the evaluation easy and exact if the inputs are appropriate. Thus one can have the advantages of analyzing spatial information in addition to socio-economic information in GIS platform.

GIS in developed international locations

Developed international locations like USA, UK, Japan are utilizing this know-how enormously in numerous enterprise sectors beside improvement actions like actual state enterprise, banking, data sharing and so forth. They use it to leverage their performance and likewise improve output. With GIS, the productiveness is elevated and likewise the choice making jobs are very straightforward and correct.

GIS in Bangladesh

In current days, GIS know-how is utilized in completely different sectors of Bangladesh. However the matter is it’s only used to arrange a useful resource map or threat map of an space. The analyzing energy of this instrument is merely utilized in these areas. The organizations working in improvement sector are making ready maps and experiences. However the humorous matter is maps are ready in a single cell. The particular person working on this cell is nicely expert in GIS applied sciences however he has very restricted entry or time to see the experiences. The experiences are ready by one other one who has very restricted information concerning the know-how. Consequently, the prospect of this huge know-how is neglected. Once more, the scope of utilizing GIS know-how could be very huge. As talked about earlier, location and GIS is said to one another. Thus any organizations working with location information can use this huge know-how to boost their actions. For instance, the banking sector has to work extensively with location. They should find their account holders or find a plot or property if anybody desires to take loans. Once more any enterprise organizations can use GIS instruments to extend their enterprise in numerous areas. They’ll use this instrument to take selections about establishing their promoting boards or select their routes to produce items. The GIS know-how can be used to establish future progress of the town and set up new areas to enterprise. Within the following dialogue, prospects of utilizing GIS know-how in banking sector are highlighted. It isn’t a full examine report. There could also be many different sides the place GIS could be helpful for Banks to extend their efficiency and buyer companies.

1. Resolution relating to sanction of loan- spatial evaluation of the plot.

One of many tedious jobs in banking system is to offer mortgage service for the shoppers. Banks accomplish that as to boost their accessibility to the shoppers. It has been being a contest among the many banks that how a financial institution is offering these service. In doing so, Banks want some safety like some seen property or established enterprise and many others. Now the place comes the seen property, the GIS additionally comes there. Banks take mortgage to sanction and specify the quantity of mortgage. In doing such determination, banks have to research the property or plot like distance from the primary highway or dimension of the plot, confirm the precise proprietor of the plot, present land valuation and many others. They’re doing this stuff manually by going to the websites or contact with third celebration for doing these jobs. This takes no less than 30 days to do the roles and now have to spend some huge cash. It additionally want lots of time to make the choice. But there may be one other probability to make use of the identical plots to completely different banks for loans.

But when they’ve a GIS database, they might do the followings simply:

o Do the spatial evaluation simply with only one click on on the pc.

o Calculate the realm or distance from fundamental highway with out going to the positioning/plot.

o Calculate the land worth of the realm by analyzing the encompassing space.

o Making a central database system to forestall the double mortgage takers make the most of similar plots.

o Can cut back the funding time by 30 days.

This can be a massive issue for any banks to cut back their funding time. If they’ll save 30 days they’ll have a revenue of BDT30-40 lacs (US$42857.14-US$57142.85) per yr.

Financial institution simply want the next data for this evaluation:

o Plot/property location (tackle).

o Proprietor identify.

o Plot dimension (space).

o Distance from the primary highway.

o Adjoining highway width.

o Current land use (particular).

o Land worth.

o Info of the plot i.e. previous proprietor, case, earlier mortgage taking situation and many others.

o Crime price of the realm.

Most of the information like plot dimension, distance from the primary highway, adjoining highway width, current land use and many others. could be derived from the digitize map of an space. Others are to be collected from the sphere degree survey.

2. Resolution relating to institution of ATM sales space.

Now a day’s banking service is rising quickly. Each financial institution is making an attempt to take the companies to the client’s dwelling or places of work. ATM is one among them. However to offer an ATM machine to an space, Financial institution has to suppose completely different spatial points like focus of economic land use, focus of debit/bank card holders of an space, route for taking cash to the ATM sales space and many others. These all could be completed simply with a GIS instrument.

Resolution derived from the map relating to ATM sales space:

o Space an ATM serves.

o Components to ascertain an ATM.

3. Location of the mortgage takers.

Financial institution is now spending some huge cash to find the account holders or mortgage takers. They’re speaking with their shopper at common interval to find them. This job could be made very straightforward with GIS as right here a mortgage taker or shopper could be simply recognized within the map. However for this, the database must be common up to date as that is presently completed.

o Current tackle of the mortgage takers.

o Change tackle.

o Distance from the department and path to the tackle.

4. Finest route of the van to ship cash to the ATM sales space/branches.

This benefit is mentioned barely earlier. A financial institution has to research completely to pick the supply route of the van to take cash to the ATM cubicles. They’ve to consider the safety. In GIS, they’ll do that with creating easy community topology of the present highway and choose the most effective routes to take cash.

5. Resolution relating to institution of recent branches.

As banking sector is a quick rising area in Bangladesh, many new banks and branches of present banks are establishing now. They should have in mind completely different spatial points to ascertain a brand new financial institution or department. For instance, they should do the followings issues:

o Have a basic thought of the realm like land worth, socio-economic situation and many others.

o Find the business land use of the realm.

o Find the bazaar or market space.

o Find the residential space and enterprise space.

o Find the present highway community.

All this stuff could be simply completed with a GIS instrument by analyzing and querying to extract the information.

6. Resolution relating to choice of new funding websites for Banks or shoppers

Banks may take selections to find or establish new potential websites for brand spanking new investments by means of GIS. They’ll analyze an space with potentiality for financial progress, present sample of improvement and make a decision whether or not they put money into that space.

With the GIS database, a financial institution can do the next:

o Regional evaluation to establish worthwhile location to take a position.

o Determine completely different attraction factors of the realm.

o Determine the current land use and business of an space.

Benefits the Financial institution can get:

o Enhance the client companies dynamically.

o Appreciable Discount of the upkeep and processing price of the Financial institution.

o Choose the most effective location to ascertain a brand new financial institution or branches.

o Select the most effective route for cash supply van.

o Safe the mortgage course of by sustaining the information in central database and share it by on-line information administration course of.

o Cut back the top rely.

o Database upkeep could be very straightforward and value could be very low.

o Banks can save their funding associated inquiry by one months.

Conclusion:

In conclusion, it may be stated that banks can have lot of benefits by introducing GIS of their day by day actions. It will probably lower your expenses, time and manpower that are the goal of any enterprise organizations. It is vitally vital to handle the information as there will probably be an enormous quantity of information they should deal with. However by establishing a cell or by giving third celebration the duties to handle and share information, the process is usually a very worthwhile for banks or different enterprise organizations.

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