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The Business Guild Predictive Analytics to 90% Of the world's data has been created over the last three years. Phone and tablet use to grow to 7.7 billion subscriptions worldwide by 2018. Includes consumer and business users. What Is Predictive Analytics? Machine Learning Data Modeling Predictive Analytics Type of artificial intelligence that prompts enterprise systems to adopt and learn from natural human language without being programmed. Ideally, enterprise systems can teach themselve to identify trends when exposed to new data. First step in database design. Conceptual model of how data items relate to each other across information systems. Used to define data requirements to support business processes from a high level to simple use. Practice of extracting learned data from enterprise systems to define patterns and predictions of future outcomes and trends. It does not tell users what will happen in the future, but rather suggests proof of concept. What Are the Benefits? Optimizes marketing campaigns. Increases customer responses, inbound scoring, and decrease churn. Leans out invaluable processes in production. Wholly decreases lead time across supply chains. Ideal for risk management. Financial functions are supported by detecting anomalies indicating rogue or non-compliant trading, creditworthiness, market instability, and overvalued stock options. Unnecessary inventory carrying costs and stock outs are avoided. Discover seasonal fluctuation up to 80 weeks ahead of time. Increased responsiveness from sales teams. Data show patterns of variables impacting buyer decision process. Do I Have Predictive Analytics? Does enterprise software indicate volatile market predictions up to 80 weeks into the future? Was Enterprise Planning Software implemented after 2012? Is the CRM integrated with Enterprise Planning Software? Is ecommerce site integrated with CRM? Does the firm use a BI application ? Is the BI application integrated with other business systems? What is the firm's inbound marketing churn rate? How accurate are production forecasts for the mid and long term? Where Does BIG DATA Come From? 88% of business data comes from transactions 43% percent of external data arriveing from social media use.
