Predictive Analytics is the use of data collected and processed during the Data Analytics phase to predict future trends and events. Helps to your company to have “Predectibility“. Take advante of your historical data stored in your company to forecast potential scenarios that can help drive strategic decisions.
As much more data collected, much more accurate your predictive analytics process will be. That’s the reason why organizations are increasingly looking to collect more data on their customers, EPRs, products, vendors and the market itself, to make better predictions.
We can implement predectibility manually or by algorythms which is a more matured phase of this porject. Using statistics, mathematical models and software we can help to your company to have more accurate prediction.
Benefit of Predictive Analytics Service
Predictive models are built using statistical algorithms and machine learning. It is critical to make a good Data Analytics first in order to collect as much information we can. Machine learning being an automated model analyzing software that identifies patterns from data it is fed. This is a very sophisticated stage which depends on how deep your Data Analytics was processed and which algorythms were applied for. You will obtain
- Forecasting for the chosen variable
- Annual Budget for the product
- Report about risk decreasing
- Patterns detected to use in the future
- Financial projections for the product
Predictive Analytics process inclueded
Data Mining is the process to collect and organize the data, then, the Data analytics gives you perspective of the information you have from many sources and created in the past. This is a phase where you need to finish the Analysis to select the variables and their patters to be applied in a forecasting model.
We apply standard statistical model to validate assumptions and make the first conclusions on predictions.
Once you have a statistical set of tools that provides you a prediction, you need to automate this model and create tools that help you to get updated the statistic results about prediction of the future. We apply algorythms and software to achieve this challange.
This phase and service, gives you a summary of the results, reports and analytical results to make desicions.