Unlocking insights into what matters to your business
Predictive modelling & analytics encompasses a variety of statistical techniques from statistical algorithms, machine learning, AI and data mining that analyse current and historical data to make predictions about future or otherwise unknown events.
What is it you want to predict?... Unlocking insights into what matters to your business and customers can provide you with actionable information allowing you to focus on how to increase profitability, increase customer satisfaction, reduce waste, and unlock new customer opportunities.
What would having an accurate prediction of events and actions mean to your business? Customer wait times, travel time, stock availability, customer demand, disease outbreaks, demands on plant and machinery, revenue forecasting, nearby events affecting your business…
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How it Works: The Business of Data - IBM Think Academy, Published on Jul 5, 2016
How exactly does the business of data work? How do we combine different data sources and cognitive analytics to deliver new services that deliver tangible value?