Date post: | 16-Apr-2017 |
Category: |
Education |
Upload: | dexlab-analytics |
View: | 55 times |
Download: | 1 times |
UNDERSTANDING Predictive Analysis
Predictive Analysis = Limitless Opportunities
PREDICTIVE ANALYSIS COMBINES DATA WITH EFFECTIVE ACTIONABLE INSIGHTS BY DRAWING RELIABLE CONCLUSIONS
Companies these days are using various predictive model assessing historical data to identify trends and patterns to address their ultimate business goal
Differentiate what you are doing from everybody else
PREDICTIVE ANALYSIS HELPS TO
PREDICTIVE ANALYSIS PROVIDES A FORWARD LOOKING VIEW
Thus, you can tweak your own future if you know exactly how it is going to be
HOW HEALTHCARE CAN BENEFIT FROM PREDICTIVE ANALYSIS?
Hospitals can use this system to analyze and understand what will work best for a patient and how much can a patient deteriorate or develop with a certain condition.
SCHOOLS CAN ALSO USE PREDICTIVE ANALYSIS
Different schools are already using predictive analysis to help their students succeed.
THE RETAIL INDUSTRY USES PREDICTIVE CUSTOMER INTELLIGENCE
Predictions enable retail sector companies to gain valuable insights in the aspects of customer attrition, consumer demands etc.
Predictive models help to identify relationship between factors , thus, allowing comprehensive assessment of risks and opportunities that are associated with a particular set of conditions.
PREDICTIVE ANALYSIS
Has been used in policing and to predict events of financial fraudulent activities
BUT IS THIS ALL THERE IS?
Most experts believe that this is just the tip of the iceberg
WHEN IT COMES TO FUTURE OPPORTUNITIES AND USES…
Predictive analysis does not yet limit itself
Predictive Analysis = Limitless Opportunities
Predictive Analysis = Limitless Opportunities
From the hands of bespectacled statisticians it is now in the hands of almost everyone keen on learning
And that will only create a more well-prepared and data backed society