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Focal Point    Focal Point Forums  Hop To Forum Categories  WebFOCUS/FOCUS Forum on Focal Point     [TECHNIQUE] Best Practices for Business Intelligence and Predictive Analytics

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[TECHNIQUE] Best Practices for Business Intelligence and Predictive Analytics
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Kerry
Expert
posted
Best Practices for Business Intelligence and Predictive Analytics
By Ali Rahim

Knowing what people will do before they do it is a useful skill. That’s why Predictive Analytics has grabbed the attention of the Business Intelligence (BI) world. Furthermore, advances in statistical technology and computing power have made it possible to significantly improve Predictive Analytics.

Predictive Analytics is a data-driven extension that complements other BI capabilities, such as querying and reporting, OLAP and data visualization. Predictive Analytics provides a synergy of technologies that let users analyze past and current performance to make predictions. The primary benefit of using Predictive Analytics to guess the future is that it gives you the ability to take appropriate actionable steps.

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