Predictive Analytics for Business Strategy. A predictive analytics approach is necessary for understanding the natural world and making accurate predictions about it. The approach focuses on how the company’s environment interacts with it. Does it have any influence over its surroundings that can help it achieve its goals?
Industry
Industry is the production of goods or services in an economy; It is generally classified into the sectors: primary or extractive, secondary or manufacturing, tertiary or services; there is no lack of someone who adds quaternary or knowledge.
Predictive Analytics Meaning Examples
Predictive Analytics Meaning Examples. The use of predictive analytics involves predicting future trends and events using data. Using historical data, it forecasts potential scenarios that can be used to make strategic decisions.
If you are predicting the malfunction of a piece of machinery later that day, or your company’s cash flow for the upcoming year, you are making a prediction about the near future.
