This article is the third in an editorial series that will review how predictive analytics helps your organization predict with confidence what will happen next so that you can make smarter decisions and improve business outcomes.. It is important to adopt a predictive analytics solution that meets the specific needs of different users and skill sets from beginners, […]
The need for predictive analytics in the enterprise is clear, as it can provide smarter analysis for better decision making, increased market competitiveness, a direct path in taking advantage of market opportunity and threats, a way to reduce uncertainty and manage risk, an approach to proactively plan and act, discovery of meaningful patterns, and the means to anticipate and react to emerging trends.
As the primary facilitator of data science and big data, machine learning has garnered much interest by a broad range of industries as a way to increase value of enterprise data assets. In this article series we’ll examine the principles underlying machine learning based on the R statistical environment.