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2 3 1 Low High Top Drivers For Analytics Cloud Data Science -Predictive Anaytics

Predictive analytics encompasses a variety of
statistical techniques from data mining, predictive
modelling, and machine learning, that analyze
current and historical facts to make predictions
about future or otherwise unknown events

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What is Predictive Analytics?

In business, predictive models exploit patterns found in historical and transactional data to identify risks and opportunities.

Models capture relationships among many factors to allow assessment of risk or potential associated with a particular set of conditions, guiding decision-making for candidate transactions.

The defining functional effect of these technical approaches is that predictive analytics provides prediction score such as probabilities.

What can you do with predictive analytics

A predictive scoreĀ  for each individual in order to determine, inform, or influence organizational processes that pertain across large numbers of individuals, such as in marketing, credit risk assessment, fraud detection, manufacturing, healthcare, and government operations including law enforcement.

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    Business performance
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    Predict behavior
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    Drive strategic
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    Business performance
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    Understand customers
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    Predict behavior
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    Identify trends
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    insights into data
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