Predictive Analytics

What is Predictive Analytics and Can it Help You Achieve Business Objectives?

The process of predictive analytics has come far in the past decade. No longer is this process the sole responsibility of data scientists or IT staff. Today’s self-serve predictive analytics and forecasting tools are designed to support business users and

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Big Data Brings Analytics and Insights to the Water Flow Resources

Data is everywhere, even the water sector has collected reams of data for decades. It has been only within the last few years that agencies, utilities, consultants and vendors woken up to unlock the hidden potential of data resources to

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Implementing A Successful Predictive Analytics Strategy

Predictive analytics demands a successful plan of design, creation, validation and implementation for variety of applications in the industries. There is a need for predictive analytics to converge with the business goals which helps each step to be related to

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Deploying Predictive Analytics into Action to Keep up with Energy Demand

The energy sector that forms an integral part of our daily lives collects magnanimous amounts of data on a continuous basis through sensors, network communication, wireless transmission, and cloud computing technologies. The amount of data collected on a daily basis

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India Gets its First Startup to Use Data Analytics in Bollywood

Entertainment makes us happy and one cannot ignore movies when we think about it. Bollywood movies are colorful and are known for their over-the-top costumes and makeup, especially for women. It is a multi-million-dollar industry, producing over 1000 movies a

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Econometric Modelling: How It Can Help In Business

Econometric modelling has become a colloquial buzzword, more so with the advent of the big data age. It is applied in all the fields extensively, be it for academic or commercial purposes. Though the term is used commonly, there are

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Top 10 Predictive Analytics Tools in 2017

The use of data, statistical techniques and machine learning algorithms to extract information to predict trends and behavior patterns and consequently the likelihood of future outcomes is known as predictive analytics. Development tools like application programming interfaces (APIs), predictive model

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6 types of regressions, did you know?

Regression is a branch of statistics that has a major applicability in predictive analytics. Regression analysis is used to measure the relationship between a dependent variable with one or more predictor variables. The goal of regression analysis is to predict

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What is the Force Behind Fintech Revolution

Private lives of people and businesses have become highly digitalized these days. This is increasing the need for flexible digital financial services such as banking, investments, payments, transfers and insurance by customers globally. As a result, financial companies have realized

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How analytics can be used in train delay prediction system

Train delay prediction systems have been used since a long time. These systems are static and are operated with human assistance. Most of these systems do not consider historical train journey data collected from various information sources. As a result,

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