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Automated predictive analytics tools spawn wannabe scientists
This article is part of the Business Information issue of October 2018, Vol. 6, No. 5
The ability to foretell the future can take many human twists and turns for good, for evil, to save lives, to satisfy greed, to alter the inevitable. For businesses, success in sales, marketing, operations, product development and ultimately customer satisfaction rests with the ability to look ahead and determine the right course of action. Businesses don't have access to a souped-up DeLorean that can travel to the future and back. So the next best and most accessible time machine is none other than predictive analytics -- and its newest relative, automated predictive analytics. Advances in predictive analytics -- namely artificial intelligence to tackle and trawl lakes of big data, machine learning to seek out patterns in relevant information and improve outcomes, and visualization to distill those findings into easy-to-understand charts and dashboards -- can ultimately result in credible predictive models that legitimize actionable intelligence and encourage businesses to make bold and ultimately rewarding decisions. No need ...
Features in this issue
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Augmented analytics, automated tools facilitate data analysis
From Tableau to Google, vendors increasingly incorporate augmented and automated analytics tools into their software to speed analytics work and open it up to more users.
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Automated predictive analytics tools spawn wannabe scientists
They don't own the same depth of data science skills, but automated predictive analytics tools hatch a new breed of 'data scientists' who can produce actionable predictive models.
News in this issue
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Augmented analytics reveals the hidden side of things
The rise of augmented analytics empowers businesses to find correlations in data that might very well be the critical difference in operational efficiency and cost savings.
Columns in this issue
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UCSD graduates to advanced analytics with SAP HANA platform
The University of California, San Diego implemented an SAP HANA platform that uses advanced analytics and machine learning to run operations and help students graduate on time.
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What-if business planning simulation at its predictive best
Simulating timely and accurate business scenarios can be an essential competitive weapon for predicting the performance, pitfalls and benefits of strategic initiatives.