JUNE 2018CIOAPPLICATIONS.COM6Analyze. Predict. Make Better DecisionThe ability to mine and analyze historical data patterns to predict future outcomes has made predictive analytics a necessary capability for organizations to increase their bottom line and competitive advantage. Using a range of statistical analysis and algorithms, analysts, data scientists, and developers use predictive analytics products to build decision models, and to identify potential risks and opportunities for a company.Today, the reach of predictive analytics has gone beyond learning. Predictive analytics program allows enterprises to use big data to predict future outcomes of the customer. The rise of open source predictive analytics technology has enabled organizations to deploy the tools both on-premises and in the cloud. The SaaS-based analytics platform have proven to be highly beneficial, by delivering a rich set of analytic capabilities to discover, plan, predict, visualize, collaborate, simulate, and manage a common data logic. To further enhance the predictive analytics capabilities, organizations today are integrating predictive analytics products with BI platforms, ERP suites, and other digital analytics software. As we move into 2018, organizations are increasingly turning towards machine learning algorithms and AI technology to improve data quality anomaly detection. As organizations demand for full transparency of data assets, integrated self-service tools are going to be the next big thing to deliver a complete view of a business's data landscape to draw meaningful, timely conclusions.Therefore, there's no denying that predictive analytics will continue to be the most powerful tool across different industries around the world. If organizations manage and analyze the growing data efficiently, then they can create wonders, while allowing businesses to be more productive and efficient.Joe PhillipManaging Editoreditor@cioapplications.comJoe PhillipJUNE - 20 - 2018PREDICTIVE ANALYTICS SPECIALCopyright © 2018 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.Volume 03 - 26Published by ValleyMedia, Inc. To subscribe to CIO ApplicationsVisit www.cioapplications.com *Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffManaging EditorJoe PhillipGraphics & ArtDeclan ColeNitya SEditorial StaffAshik JainAvan GraciaFrank NoelSalesJohn Varghesejohn@cioapplications.comEditorialContact UsPhone: 510.924.4116 Fax: 510.894.8405Emailsales@cioapplications.comeditor@cioapplications.commarketing@cioapplications.com
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