Here are a few examples of how predictive analytics is used in different fields:
- Retail – identifying potential customers by customer segmentation, sales forecasting to meet the market demands
- Health – predicting the spread of contagious diseases like Covid-19, predicting the probability of a person to affect by the disease.
- Weather – to forecast the temperature, rainfall, and cyclones.
- Finance – to predict fraudulent transactions, risk assessments in giving loans
- Entertainment – to recommend the related content in online streaming platforms by analyzing the user data like watch history, search keywords, etc.
- Human Resources – to predict employee performance using performance management system, to predict the employee attrition.
If you are interested to learn Predictive Analytics, you can check out these Data Analytics courses and Data Science Courses by Intellipaat.
You can watch this video to get started with Predictive analysis with R:
Back