Introduction. Predictive Analytics Is Quantitative Analysis

Introduction Predictive Analytics is quantitative analysis to support predictions. Predictions of for example - product sales, costs, headcount, metrics; customer churn; credit scoring; cross sell / up sell opportunities; market campaign response; anomalies, fraud. SAP Predictive Analytics is business intelligence software from SAP that is designed to enable organizations to analyze large data sets and predict future outcomes and behaviors. For example, SAP Predictive Analytics can help make sense of big data and the Internet of Things by building predictive analytics models to identify unforeseen opportunities, better understand customers, and uncover hidden risks. Analysts must transform data into a format that is easy to process for†¦show more content†¦Infinite Insight algorithms take care of the data preparation and modelling work usually done by data scientists. SAP Predictive Analytics unites these two products in one UI. The features are accessed through a home screen like that of Infinite Insight, with two tabs for all of the features from the two products: one labeled Automated Analytics, for accessing Infinite Insight, and Expert Analytics for Predictive Analysis. It works with the SAP Business Objects BI platform and connects with most data environments, including spreadsheets, unstructured text files, and proprietary files formats like SAS and SPSS, according to SAP. Integration with SAP HANA can return real-time predictive analysis. Predictive Analytics is an important requirement for our Industry and LOB applications, and BI solutions. It is a significant market - $2.0B 2014 (IDC), in which we have a minor presence. SAP Predictive Analytics provide the following, to establish a leadership position in this space – †¢ A modern UX/UI to support the definition of predictive analysis processes and their visualization. †¢ In-Database Predictive Analysis within SAP HANA for real time and large data volume data analysis. †¢ R integration for SAP HANA to provide a very comprehensive range of predictive algorithms. †¢ Embed Predictive Analysis in our Industry / LOBs / BI client tools SAP Predictive Analytics: Case Study/Success Story Predictive Analytics technology helpsShow MoreRelatedBenefits And Potential Pitfalls Of Predictive Analytics1728 Words   |  7 PagesBenefits and Potential Pitfalls of Predictive Analytics In the increasingly competitive global business environment, each organization needs to take advantage of every tool, opportunity, and advantage it can to achieve the best products and services, to gain and maintain market share, and keep stakeholders happy from investors and workers to supply chain and customers. The advance of data analysis has opened up new vistas to support decision making. Decision support systems (Sauter, 2010) have emergedRead MoreIntroduction Of Data Mining I - Cis 5081218 Words   |  5 Pages INTRODUCTION TO DATA MINING I – CIS 508 DATE: 10/30/2015 â€Æ' Having data is not valuable but using data is. Analytic insights are changing the way corporates strategize and also redefining customer expectations. Analytics is the new differentiator between success and failure in the cut throat e-commerce and internet services based industry. The huge proportions of data generated from the increasing number of smart phones, the social networks and the ever more penetrating internet are automatingRead MorePredictive Analytics And E Commerce And Internet Based Services Industry1722 Words   |  7 Pages INTRODUCTION TO DATA MINING I – CIS 508 â€Æ' Predictive Analytics in E-Commerce and Internet Based Services Industry Having data is not valuable but using data is. Analytic insights are changing the way corporates strategize and also redefining customer expectations. Analytics is the new differentiator between success and failure in the cut throat e-commerce and internet services based industry. The huge proportions of data generated from the increasing number of smart phones, the social networks andRead MoreHow Analytics Helps An Organization Optimize Their Business Processes1730 Words   |  7 PagesIntroduction Analytics is defined, according to online-behavior.com, as the â€Å"process of obtaining an optimal or realistic decision based on existing data.† [1]. Davenport and Harris (2007), defined analytics, as the â€Å"extensive use of data, statistical and quantitative analysis, explanatory and predictive models, and fact-based management to drive decisions and actions.† [2]. An article titled Outsmart the Competition by Jackie Zack in Teradata Online magazine states that â€Å"analytics can help an organizationRead MoreFrom Predictive Analytics to Predictive Buying: Amazon Case Study1259 Words   |  5 PagesCase Study Predictive Buying- Making Business Sense - Amazon Introduction Did you know that your choices and urges follow a pattern that can be predicted by science? Well, the mystery to this is not just a matter of interest for social scientists but also marketers. Calculus has the power (logic) to predict the patterns of the choices we are going to make. This makes sense to marketers as it would help them plan their logistics and collections in a manner to cater to the needs of their consumersRead MoreBusiness Intelligence, Business, And Data Mining1544 Words   |  7 Pages1. Introduction to Business Intelligence, Business Analytics and Data Mining Business Intelligence Business Intelligence is a process which includes different technologies and methods process for analysing data and presenting information which is helpful for top level management.BI includes various tools, application, and methodologies that enable organizations to collect data from internal and external sources, prepare that for analysis develop and run queries against the data and generate differentRead MoreHow Web Analytics Can Help Businesses Or Organizations With A Web Presence Stay Competitive1200 Words   |  5 PagesIntroduction Web analytics can help businesses or organizations with a web presence stay competitive, leading to profitability. The use of analytics can be a powerful tool in a company’s strategic approach that can be used to differentiate it from its competitors and serve as a form of competitive advantage for the organization in competing in this twenty first century. In this essay, various definitions of web analytics and other key terms used in this field will be examined. Definitions AccordingRead MoreResearch Methodology Used For Research1207 Words   |  5 PagesResearch Methodology Introduction This chapter discusses the methodology used for this research. Describing type of methodology in research study and define the chosen method and approach for this research. Then, the outline of research strategy used, framework this research conducted and data sources collected to obtain valid and reliable research as the objective determined. Review of Research of Methodology Broadly speaking, there are several purpose of research. It depends on the objectiveRead MoreBusiness Analytics3015 Words   |  12 PagesContent Business Analytics Part 1. What Business Analytics is: The Basics I.Introduction History of Analytics Types of analytics Domains within analytics Part 2. How Business Analytics can be used to gain advantage in a competitive marketplace Benefits of Business Analytics to an organization for competitive advantage A Case study of competing on analytics Conclusion Business Analytics Part 1. What Business Analytics is: The Basics Introduction Business analytics, in a nutshellRead MoreThe National Federation Of Community Development Credit Unions1889 Words   |  8 PagesI. Introduction The National Federation of Community Development Credit Unions helps low- and moderate-income individuals achieve financial independence by assisting credit unions that serve under-banked communities. The Federation’s members provide financial services to over 4 million customers and hold $32.5 billion in assets. The Federation’s members are classified as â€Å"community development credit unions† (CDCUs) – a particular type of financial institution which aims to assist economically vulnerable