As technology grows its roots into new areas of development, a specific branch of advanced analytics is catching the eye of many, predictive analytics. The idea of predictive analytics stems from the use of past data sets in order to make predictions of future events. But what exactly is predictive analytics, and what can it be used for? Let the data experts at EPIC Engineering & Consulting LLC explain what predictive analytics is, and how it can change the way you analyze data.
In short, predictive analytics is used to make accurate predictions of future events that are unknown. This is possible by use of gathered statistics, AI, and machine learning. Including data mining, this brings forth predictions of credible future events based on accurate data.
The following list explains the process of the creation and implementation of predictive analytics
Predictive analytics allows for the accurate foresight of future events. This is possible with past data analyzation and statistical analysis. As front runners of business intelligence, EPIC strives to provide accurate dashboard solutions to our clients. To discover how EPIC may optimize your datasets, contact us at (407) 381-3742.