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Predictive Analytics Applications for Business

Conclusion

Predictive analytics require careful planning and organization to make an impact on strategic business decision making. Understanding which data-mining tasks and algorithms to be used is critical in structuring the underlying data for analysis. When presenting the data many software vendors offer product suites all centered on a few main formats. Used correctly, predictive analytics can provide a company with a great competitive advantage although the process of gaining that advantage is non-trivial to say the least.

4 Comments

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