Data Science Platforms

Predictive Analytics

The maturity level of the modern-day organizations is increasing in terms

of data utilization. From descriptive analytics such as Reports and BI

Dashboards, the modern organizations are moving towards Predictive

analytics.  Various techniques such as data mining, statistical modeling,

machine learning, and artificial intelligence are used on the data from

multiple sources to predict the future.

Various forecasting models generated by predictive analytics can help the

business to understand the future demand, sales prediction, etc. Similarly,

optimization in business processes can also be achieved using such

statistical algorithms and machine learning technologies. A retail store can

opt for Price Optimization while an airline can use route optimization to

gain competitive advantage in the market.

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