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Predictive and prescriptive analytics take the data that is being streamed in, predict what’s going to happen, and prescribe what kind of corrective actions need to be taken. Cloudera enables this ...
Let me give you a quick example of prescriptive analytics in action. One of our fashion customers used Profitect’s Inventory module to identify a new product with a higher rate of return.
Data analytics is transforming the enterprise. Here's everything you need to know about one of the latest analytics trends.
Good news: there's nothing special about getting your data ready for prescriptive analytics. Bad news: you need to do what's needed to get your data ready for any type of analytics - and that's ...
Newer analytical approaches are taking hold in higher education in order to better handle data to make transformational changes in the institution.
Predictive models help the organization understand the future and develop a picture of what that future may look like. Prescriptive analytics helps the organization influence and change that future.
A good example of the use of prescriptive analytics in the benefits industry is around prescription drug savings. Prescriptive analytics can leverage data to help spur prescription drug savings by ...
Data analytics is the science of analyzing raw data to make conclusions about that information. It helps businesses perform ...
Prescriptive modeling—the use of metrics to anticipate future business demands and prepare a legal department to meet them—is the next big step for data analytics.
Gartner's report noted that vendors are making their prescriptive analytics offerings easier to use by way of less skilled citizen data scientists. "As a prescriptive analytics technology provider ...