GIS is now-a-days a very useful tool for decision making. Whenever it requires making a decision related to "location", it comes to the word 'GIS'. GIS makes these location related decisions and analysis very easy. It makes the analysis simple and precise if the inputs are correct. Thus one can have the benefits of analyzing spatial data as well as socio-economic data in GIS platform.
GIS in developed countries
Developed countries like USA, UK, Japan are using this technology enormously in different business sectors beside development activities like real state business, banking, information sharing and so on. They use it to leverage their functionality and also increase output. With GIS, the productivity is increased and also the decision making jobs are very easy and accurate.
In recent days, GIS technology is used in different sectors of Bangladesh. But the matter is it is only used to prepare a resource map or risk map of an area. The analyzing power of this tool is merely used in those areas. The organizations working in development sector are preparing maps and reports. But the funny matter is maps are prepared in one cell. The person working in this cell is well skilled in GIS technologies but he has very limited access or time to see the reports. The reports are prepared by another person who has very limited knowledge about the technology. As a result, the prospect of this vast technology is overlooked. Again, the scope of using GIS technology is very vast. As mentioned earlier, location and GIS is related to each other. Thus any organizations working with location data can use this vast technology to enhance their activities. For example, the banking sector has to work extensively with location. They have to locate their account holders or locate a plot or property if anyone wants to take loans. Again any business organizations can use GIS tools to increase their business in different areas. They can use this tool to take decisions about establishing their advertising boards or choose their routes to supply goods. The GIS technology can also be used to identify future growth of the city and establish new areas to business. In the following discussion, prospects of using GIS technology in banking sector are highlighted. It is not a full study report. There may be many other sides where GIS can be useful for Banks to increase their performance and customer services.
1. Decision regarding sanction of loan- spatial analysis of the plot.
One of the tedious jobs in banking system is to provide loan service for the clients. Banks do so as to enhance their accessibility to the customers. It's been being a competition among the banks that how a bank is providing these service. In doing so, Banks need some security like some visible property or established business etc. Now where comes the visible property, the GIS also comes there. Banks take mortgage to sanction and specify the amount of loan. In doing such decision, banks have to analyze the property or plot like distance from the main road or size of the plot, verify the actual owner of the plot, current land valuation etc. They are doing these things manually by going to the sites or contact with third party for doing these jobs. This takes at least 30 days to do the jobs and also have to spend a lot of money. It also need a lot of time to make the decision. Yet there is another chance to use the same plots to different banks for loans.virtual credit card in Bangladesh
