article thumbnail

What is predictive analytics? Transforming data into future insights

CIO

Predictive analytics definition Predictive analytics is a category of data analytics aimed at making predictions about future outcomes based on historical data and analytics techniques such as statistical modeling and machine learning. from 2022 to 2028.

article thumbnail

Epicor announces Grow portfolio to weave AI into ERP

CIO

The platform includes six core components and uses multiple types of AI, such as generative, machine learning, natural language processing, predictive analytics and others, to deliver results. Epicor Grow FP&A offers embedded financial planning and analysis to enable easy, accurate, and thorough financial reporting.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Real-time Data, Machine Learning, and Results: The Evidence Mounts

CIO

From delightful consumer experiences to attacking fuel costs and carbon emissions in the global supply chain, real-time data and machine learning (ML) work together to power apps that change industries. more machine learning use casesacross the company. Learn more about DataStax here. The study results don’t surprise us.

Learning 583
article thumbnail

Software vendors offer AI sales boost for retail at NRF show

CIO

Sales statistics Two recent surveys concur that only a tiny minority of retailers have no plans to implement AI today. In its Predictive Demand Planning solution, SAP is using a self-learning model to provide longer-range forecasts, alert users to the root causes of forecast changes, and make recommendations.

Retail 511
article thumbnail

Growing Importance Of Predictive Analytics For Recovery Point Objectives

Smart Data Collective

Predictive analytics is revolutionizing the future of cybersecurity. A growing number of digital security experts are using predictive analytics algorithms to improve their risk scoring models. The features of predictive analytics are becoming more important as online security risks worsen.

article thumbnail

Will Predictive Analytics Help Forecast Profitable IPOs for Stock Traders?

Smart Data Collective

Machine learning has drastically changed the direction of the financial industry. In 2019, Forbes published an article showing that machine learning can increase productivity of the financial services industry by $140 billion. However, the real value of machine learning appears to be with increasing performance of stock investing.

article thumbnail

What is data analytics? Analyzing and managing data for decisions

CIO

Diagnostic analytics uses data (often generated via descriptive analytics) to discover the factors or reasons for past performance. Predictive analytics applies techniques such as statistical modeling, forecasting, and machine learning to the output of descriptive and diagnostic analytics to make predictions about future outcomes.