Overview and Applications of Predictive Analytics
Predictive Analytics follows a Proactive Approach composing of Statistical techniques and models. Prediction refers to a warning signal before the occurrence of the event.
Predictive Analytics involve Decision Making, Right Collection of Data, Creation of Model, Applying Real-Time Analytics and Predictions, at last Deploying the application.
Predictive Maintenance along with IoT is capturing the Markets, Enterprises deluging with ample and excellent Business Applications.
Predictive Analytics involves analyzing data to identify unknown risks and failures, making applications secure. Predictive Analytics drive decisions and actions in Real-Time.
Real-Time Applications of Predictive Analytics involve –
- Weather Forecasting
- Risk Management
- HealthCare AI applications
- Disaster Management
- Fraud Detection
- Cyber Security