|By PR Newswire||
|January 3, 2014 02:53 PM EST||
DUBLIN, January 3, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/8bjsbf/predictive) has announced the addition of the "Global Predictive Analytics Market - Worldwide Market Forecasts and Analysis (2013 - 2018)" report to their offering.
Predictive analytics is the practice of extracting meaningful information from present as well as historical data sets. The practice determines the patterns of data and predicts the future outcomes, and trends. Basically, predictive models and analysis are used to estimate future probabilities with an acceptable level of consistency. Predictive models are used to evaluate current data and historical facts of customers, products, and partners. The analysis helps to understand the probable risks and opportunities in a market.
Predictive analytics implements mathematical, regression modeling, statistical, neural nets,machine learning, genetic algorithms, text mining, decision trees, clustering, and data exploration techniques to extract insights from historical and present data. It also helps organizations to uncover the hidden trends and patterns from big and complex data sets. It evaluates the structured as well unstructured data such as e-mails, chat interaction, and social media interaction. Predictive analytics estimates which type of involvement will be required,where and when.
The predictive analytics market is growing rapidly because of the transformation from traditional BI techniques to advanced analytics techniques. The banking and financial services sector is using predictive analytics to develop more effective methods to manage customer relationship, predict buying behavior,improve the customer loyalty and retention as well as estimate the risk involved in every banking transactions. Predictive analytics other than banking and financial has wide portfolio of applications across insurance, healthcare,manufacturing, environment and government, consumer goods and retail, transportation and logistics, media and entertainment, sports, telecommunication and IT, energy and utilities, and oil and gas verticals.
Key Topics Covered:
2 Executive Summary
3 Predictive Analytics: Market Ecosystem And Dynamics
4 Predictive Analytics: Market Size And Forecast In Banking And Financial Services
5 Predictive Analytics: Market Size And Forecast In Insurance
6 Predictive Analytics: Market Size And Forecast In Healthcare
7 Predictive Analytics: Market Size And Forecast In Environment And Government
8 Predictive Analytics: Market Size And Forecast In Consumer Goods And Retail
9 Predictive Analytics: Market Size And Forecast In Manufacturing
10 Predictive Analytics: Market Size And Forecast In Transportation And Logistics
11 Predictive Analytics: Market Size And Forecast In Travel And Hospitality
12 Predictive Analytics: Market Size And Forecast In Telecommunication And IT
13 Predictive Analytics: Market Size And Forecast In Media And Entertainment
14 Predictive Analytics: Market Size And Forecast In Sports
15 Predictive Analytics: Market Size And Forecast In Energy & Utilities And Oil & Gas
16 Predictive Analytics: Market Size And Forecast In Other Verticals
17 Predictive Analytics: Market Size And Forecast By Regions
18 Competitive Landscape
19 Company Profiles
- Ants Analytics
- Accretive Technologies
- Angoss Software
- Information Builders
- Revolution Analytics
- Salford Systems
- Stone Analytics
- Tableau Software
- The Modeling Agency
For more information visit http://www.researchandmarkets.com/research/8bjsbf/predictive
Media Contact: Laura Wood, +353-1-481-1716, [email protected]
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