What is predictive analytics?

Predictive analytics refers to the use of statistical algorithms and machine learning techniques to analyze historical data and make predictions about future events or outcomes.

What factors are driving the growth of the predictive analytics market?

Some key factors driving the growth of the predictive analytics market include the increasing availability of big data, advancements in machine learning and AI technologies, growing demand for real-time insights, and the need for businesses to make data-driven decisions.

Which industries are adopting predictive analytics?

Predictive analytics is being adopted across various industries, including finance, healthcare, retail, manufacturing, telecommunications, and transportation, among others.

What are the benefits of using predictive analytics?

Predictive analytics offers several benefits, including improved decision-making, enhanced operational efficiency, better risk management, increased customer satisfaction, targeted marketing and sales campaigns, fraud detection, and optimized resource allocation.

What are some popular predictive analytics software and tools?

Some popular predictive analytics software and tools include IBM SPSS Modeler, SAS Predictive Analytics, RapidMiner, KNIME, Microsoft Azure Machine Learning, and Google Cloud AutoML, among others.

Global Predictive Analytics Market By Component (Solution and Services), By Deployment Mode (Cloud and On-Premise), By Enterprise Size (Large Enterprises and SME’s), By End-User (Government, Healthcare, BFSI, IT & Telecom, Manufacturing, Other End-Users), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast 2023-2032

Published date: March 2024
Report ID: 12402
Number of Pages: 280
Format:

- Microsoft Corporation Company Profile
- International Business Machines Corporation Company Profile
- Oracle Corporation
- SAS Institute Inc.
- TIBCO Software Inc.
- Alteryx, Inc.
- Allscripts Healthcare Solutions Inc.
- Health Catalyst
- Siemens AG
- General Electric Company
- SAP SE Company Profile
- Other Key Players