Glossary
Predictive Analytics
Using data and algorithms to forecast future trends or behaviours.
Defination
Predictive Analytics combines historical data with machine learning to anticipate future outcomes, enabling businesses to make proactive decisions. This approach is invaluable for forecasting sales, identifying customer needs, and optimising resources. By leveraging predictive insights, organisations can stay ahead of trends, mitigate risks, and seize opportunities, creating a competitive edge in an increasingly data-driven marketplace.
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