predictive analytics

5 Applications of Predictive Analytics

What’s in a name? For predictive analytics, quite a lot the name tells you the basic premise of what the practice hopes to accomplish. Predictive analytics is about using existing data about past events to put the present in context, and forecast potential future events and how to handle them. In other words, learning to [...]

By |predictive analytics|

The importance of big data and analytics in the era of digital transformation

As organisations begin their digital transformation journey, big data and analytics can play a key role in it being a success. Big data means better business Data is an enabler of future strategies and immediate change, thanks to the power of predictive analytics and advanced data science. Correctly harnessing data can help to achieve better, [...]

Predictive analytics: The key to pre-empting customer service problems?

As business professionals, we are continually bombarded with messages about the value of data. It is like the new gold rush, with many companies focusing on collecting data in more sophisticated ways from as many different sources as possible. Sadly, relatively few organizations have worked out what to do with all this information (probably because [...]

By |predictive analytics|

CIO: Healthcare predictive analytics important to population health

Without health IT, healthcare organizations would not be able to effectively manage their patient populations or to transition to value-based care, according to Jon Russell, CIO at John Muir Health in Walnut Creek, Calif. The key to effective population health management and value-based care is to effectively aggregate health information from disparate systems. To do [...]

How are business intelligence and predictive analytics different?

Here's the short answer: Business Intelligence attempts to make sense of what has already happened, while predictive analytics uses information about what has happened in the past to project what might happen in the future. Both business intelligence and predictive analytics applications analyze historical data, but predictive analysis uses data to model probable future events. [...]

By |predictive analytics|

Predictive Analytics: Making sense of big data with machine learning

Predictive analytics is about producing valuable business insights and accurate foresights or forecasts from large sets of data, to help users decide on the next-best course of action and provide better customer experiences. Garbage In, Garbage Out: Predictive analytics is only as accurate as the quality of the original sets of data sets mined. Ensure [...]

By |predictive analytics|

Predictive analytics, Blockchain, Big data AI and Machine learning are the technologies shaping the new business world.

Currently, different types of businesses use predictive analytics like the financial services where this is majorly their life force, other business like e-commerce stores and online video streaming services all of these businesses have enjoyed the sweet power of predictive analytics. Predictive analytics is just another modern marketing tool, knowing that prediction is of no [...]

How machine learning and predictive analytics drive business value

Predictive analytics and machine learning are two technologies we're hearing a lot about these days. But do they actually present real opportunities for business value? For Flexi-Van Leasing, one of the largest chassis providers in North America with 12 locations and a fleet of more than 130,000 units, the answer at this point is an [...]

Getting ahead of the game with predictive analytics

Generating a return on your investment in analytics initiatives can seem like a tall order. First, you’ve got to complete a robust yet resilient implementation of an analytics platform across your sites and apps. Then, because collecting data doesn’t create value for your organization in and of itself, you need to build out some kind [...]

The real promise of regulatory technology

The real promise of regulatory technology The future of banking is algorithmic. Bringing together big data and predictive analytics is already enabling financial service providers to make better real-time decisions on loans and other products, with a more flexible, customer-centric user experience. But if banking can be algorithmic, what about financial regulation and supervision? Financial [...]