Predictive Analytics
Many organizations struggle to make sense – and make use – of all the business, operational
and sales/marketing data they collect. So they invest in business intelligence, determine
their key performance indicators, write reports and build dashboards.
Which is smart. But reports and dashboards only go so far, and only provide historical data.
What if you could look into the future? What information would make the biggest
difference for your company? How would you change your strategy or tactics?
Predictive Analytics is a logical extension of your business intelligence implementation. It
is the next step – one that gives you the ability to predict events, trends and activities, one
that gives you added operational and strategic value from your data.
More specifically, Predictive Analytics gives you the ability to improve your target
marketing, forecast marketing campaign response, analyze Shopping Cart, assess the likelihood of
credit card fraud, project hospital patient length-of-stay, calculate fleet vehicle mileage and
anticipate customer attrition/churn, and more.
Source: The Data Warehouse Institute (TDWI)