How to get started with the powerful business intelligence tool and its wealth of revenue-enhancing applications…
Initially, predictive analytics was employed primarily by large organizations. But with the recent data explosion and corresponding increase in tools and experienced consultants to prepare the data, predictive analytics resources are now available to businesses of all sizes.
With hundreds of practical applications for predictive analytics, there are many ways that a business might profit from the technology. Here’s a partial list of the current predictive analytics applications in business:
The possibilities for improving business processes with predictive analytics are endless, and companies are taking notice.
Research shows that the market for predictive analytics software could reach $6.5 billion by 2019. With the future of predicting the future coming into focus, businesses can expect more tools and experienced consultants to help them take advantage of the trend.
As more companies develop their business intelligence capabilities, the uses for predictive analytics will continue to expand. According to TDWI, which provides research for data professionals, the top five reasons why companies want to use predictive analytics are:
With the data, the expertise and the motivation in place, businesses are considering how to start the process of putting predictive analytics to work.
Business intelligence makes data meaningful, so you can make better decisions and have confidence in their outcomes. To build a successful business intelligence application that incorporates predictive analytics, organizations must first consider the quality of their data and how it is maintained.
A data warehouse that integrates and standardizes data from multiple sources is the foundation of a modern data-based solution. By design, it provides a “single version of the truth” for business intelligence applications.
Although DIY data warehouse software is available, off-the-shelf products can’t integrate everything from all of your data sources. You might consider professional consultants with real-world experience to build a data warehouse and design successful business intelligence applications. Choose a consultant you can trust with an excellent track record to guide the process.
To learn more about data warehouse technology, download the informative white paper,
With our business intelligence and data warehouse expertise, eMazzanti will help you answer the “why” questions and zero in on what comes next to generate real business growth.
Our experienced development team will apply their proven methodologies to help you get the answers you need from your data to make real-time consequential business decisions, even automating some decisions and business processes.
To learn more about how to apply business intelligence and data warehouse technologies to make better decisions and grow your business, contact us at info@emazzanti.net or call 1-866-EMAZZANTI.
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