As the name suggests, predictive analytics is the science of predicting future scenarios in business based on historical data. It relies on advanced statistical analysis, data mining, and machine learning for the system to come out with a comprehensive prediction.  It helps business leaders in data-driven decision-making and proactively mitigating risks. An everyday example would be analyzing a potential candidate’s past payment behavior and predicting on-time payment probability for a bank to extend credit lines.

© 2022 Purpleslate Private Limited | Made with 🤍 at Chennai, India